Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.2972 FOR 1.2788 OBJECTIVE, STOP AT 1.3045
USD/JPY: SELL AT 105.31 FOR 104.22 OBJECTIVE, STOP 105.75
GBP/USD: REVISE SELL AT 1.6275 FOR 1.6060; STOP AT 1.6345
USD/CHF: BUY AT .9285 FOR .9403 OBJECTIVE, STOP .9209
AUD/USD: BUY AT .9350 FOR .9505; STOP AT .9295
USD/CAD: POSS BUY
Crosses
EUR/JPY: SELL AT 136.59 FOR 134.95 OBJECTIVE; STOP AT 137.16
EUR/GBP: POSSIBLY SELL
EUR/CHF: SELL AT 1.2090 FOR 1.2021; STOP AT 1.2117
EUR/CAD: POSSIBLY SELL
GBP/JPY: POSS SELL BOUNCE
NZD/USD: SHORT AT .8400 FOR REVISED .8242; STOP AT .8360
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Editors’ Picks
EUR/USD flirts with daily tops near 1.0730
The continuation of the selling pressure in the Greenback now lends further oxygen to the risk complex, encouraging EUR/USD to revisit the area of daily highs near 1.0730.
USD/JPY looks stable around 156.50 as suspicious intervention lingers
USD/JPY remains well on the defensive in the mid-156.00s albeit off daily lows, as market participants continue to digest the still-unconfirmed FX intervention by the Japanese MoF earlier in the Asian session.
Gold holds steady above $2,330 to start the week
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