Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT 1.2940 PROFIT STOPPED 1.2666, LOOK TO SELL 1.2700/15
USD/JPY: POSS SELL FOR 108.25/02
GBP/USD: SHORT AT 1.6193 FOR 1.6003; STOP AT 1.6288
USD/CHF: LONG AT .9355 FOR .9625, STOP REVISED AT .9480
AUD/USD: BUY BOUNCE TOWARD .8835-.8900
USD/CAD: LONG AT 1.1086 FOR 1.1279; REVISED STOP AT 1.1130
Crosses
EUR/JPY: SELL 138.35 NOT FILLED, POSS SELL
EUR/GBP: SHORT AT .7850 FOR REVISED .7737; STOP AT .7860
EUR/CHF: SHORT AT 1.2070 FOR 1.2030; STOP AT 1.2095
EUR/CAD: SHORT AT 1.4175 MET 1.4015 OBJ, LOOK TO SELL
GBP/JPY: LONG AT 177.80 FOR 182.00; STOP AT 175.95
NZD/USD: SHORT AT .7855 STOPPED AT .7915
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EUR/USD lacks momentum, churns near 1.0750
EUR/USD cycled familiar levels again on Tuesday, testing the waters near 1.0750 as broader markets look for signals to push in either direction. Risk appetite was crimped on Tuesday after Fedspeak from key US Federal Reserve officials threw caution on hopes for approaching rate cuts from the Fed.
Gold eases toward $2,310 amid a better market mood
After falling to $2,310 in the early European session, Gold recovered to the $2,310 area in the second half of the day. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.5% and helps XAU/USD find support.
Bitcoin price coils up for 20% climb, Standard Chartered forecasts more gains for BTC
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Living vicariously through rate cut expectations
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