Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3412 FOR 1.3157; REVISE STOP AT 1.3302
USD/JPY: LONG AT 103.54 FOR REVISED 105.45; REVISE STOP AT 103.35
GBP/USD: SHORT AT 1.6650 FOR 1.6460; REVISE STOP AT 1.6660
USD/CHF: LONG AT .9121 FOR .9226 OBJECTIVE, REVISED STOP .9101
AUD/USD: POSSIBLY SELL WHILE .9345 CAPS
USD/CAD: LONG AT 1.0900 FOR REVISED 1.1027; REVISE STOP AT 1.0905
Crosses
EUR/JPY: LONG AT 137.67 FOR 138.77 OBJECTIVE, REVISED STOP 137.30
EUR/GBP: LONG AT .8000 FOR .8102; STOP AT .7965
EUR/CHF: POSSIBLY SELL
EUR/CAD: SHORT AT 1.4620 FOR 1.4410, STOP AT 1.4595
GBP/JPY: BUY AT 171.95 FOR 173.50, STOP AT 171.50
NZD/USD: SHORT AT .8400 FOR .8282; STOP AT .8440
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Editors’ Picks
AUD/USD regains the constructive outlook above the 200-day SMA
AUD/USD advanced strongly for the second session in a row, this time extending the recovery to the upper 0.6500s and shifting its focus to the weekly highs in the 0.6580-0.6585 band, an area coincident with the 100-day SMA.
EUR/USD keeps the bullish performance above 1.0700
The continuation of the sell-off in the Greenback in the wake of the FOMC gathering helped EUR/USD extend its bounce off Wednesday’s lows near 1.0650, advancing past the 1.0700 hurdle ahead of the crucial release of US NFP on Friday.
Gold stuck around $2,300 as market players lack directional conviction
Gold extended its daily slide and dropped below $2,290 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield erased its daily losses after US data, causing XAU/USD to stretch lower ahead of Friday's US jobs data.
Bitcoin price rises 5% as BlackRock anticipates a new wave of capital inflows into BTC ETFs from investors
Bitcoin (BTC) price slid to the depths of $56,552 on Wednesday as the cryptocurrency market tried to front run the Federal Open Market Committee (FOMC) meeting. The flash crash saw millions in positions get liquidated.
FOMC in the rear-view mirror – NFP eyed
The update from May’s FOMC rate announcement proved more dovish than expected, which naturally weighed on the US dollar (sending the DXY to lows of 105.44) and US yields, as well as, initially at least, underpinning major US equity indices.