Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.2515 FOR REVISED 1.2342; LOWER STOP TO 1.2460
USD/JPY: BUY 114.45 NOT FILLED, LOOK TO BUY DIPS
GBP/USD: SELL AT 1.5950 FOR 1.5753; STOP AT 1.6010
USD/CHF: LONG AT .9555 FOR REVISED .9839, RAISE STOP TO .9616
AUD/USD: SHORT AT .8735 FOR .8450, REVISED STOP AT .8647
USD/CAD: BUY AT 1.1340 FOR REVISED 1.1597 OBJ, STOP 1.1260
Crosses
EUR/JPY: LOOK TO BUY LOWER AT 140.40
EUR/GBP: SHORT AT .7920 FOR REVISED .7756; STOP AT .7930
EUR/CHF: SHORT AT 1.2080 FOR REVISED 1.2006; STOP AT 1.2075
EUR/CAD: SELL AT 1.4195 FOR 1.3890 OBJ, STOP 1.4305
GBP/JPY: BUY AT 181.65 FOR 186.60, STOP AT 180.95
NZD/USD: REVISE SELL AT .7755 FOR REVISED .7587; STOP AT .7810
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USD/JPY extends recovery above 154.00, focus on Fedspeak
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RBA expected to leave key interest rate on hold as inflation lingers
Interest rate in Australia will likely stay unchanged at 4.35%. Reserve Bank of Australia Governor Michele Bullock to keep her options open. Australian Dollar bullish case to be supported by a hawkish RBA.