Danske Research Team
Danske Bank A/S
Majors
EUR/USD: BUY AT 1.2693 FOR 1.2931 STOP AT 1.2624
USD/JPY: SELL AT 107.48 FOR 106.35 OBJECTIVE, STOP 108.05
GBP/USD: SHORT AT 1.6095 FOR 1.5854; STOP AT 1.6140
USD/CHF: SHORT AT .9440 FOR .9332 OBJECTIVE, STOP .9493
AUD/USD: POSSIBLY SELL
USD/CAD: POSSIBLY SELL
Crosses
EUR/JPY: POSSIBLY BUY
EUR/GBP: LONG AT .7880 FOR REVISED .8066; STOP AT .7880
EUR/CHF: SHORT AT 1.2080 FOR 1.2021; STOP AT 1.2099
EUR/CAD: BUY AT 1.4285 FOR 1.4645 STOP AT 1.4225
GBP/JPY: LONG AT 170.60 FOR 173.45, REVISED STOP AT 171.15
NZD/USD: LONG AT .7920 FOR REVISED .8108 OBJECTIVE; STOP AT .7858
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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
Gold fluctuates in a relatively tight channel above $2,330 on Monday. The benchmark 10-year US Treasury bond yield corrects lower and helps XAU/USD limit its losses ahead of this week's key Fed policy meeting.
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