Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LOOK TO SELL
USD/JPY: LONG AT 117.70 FOR 119.84 OBJECTIVE, STOP AT 117.03
GBP/USD: LONG AT 1.5740 FOR 1.5886; STOP AT 1.5675
USD/CHF: BUY AT .9575 FOR .9741; STOP AT .9525
AUD/USD: SHORT AT .8566 FOR .8315, REVISED STOP AT .8593
USD/CAD: BUY AT 1.1280 FOR 1.1466; STOP AT 1.1189
Crosses
EUR/JPY: LONG AT 147.00 FOR 148.43; STOP AT 146.28
EUR/GBP: SELL AT .7955 FOR .7799; STOP AT .8010
EUR/CHF: SHORT AT 1.2080 FOR REVISED 1.2006; STOP AT 1.2042
EUR/CAD: POSSIBLY BUY
GBP/JPY: LONG AT 185.50 FOR 188.50; STOP AT 184.45
NZD/USD: LOOK TO SELL
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Editors’ Picks
AUD/USD eases toward 0.6500 after mixed Australian trade data
AUD/USD is seeing some fresh selling interest in the Asian session on Thursday, following the release of mixed Australian trade data. The pair has stalled its recovery mode, as the US Dollar attempts a bounce after the Fed-led sell-off.
USD/JPY holds rebound near 156.00 after probable Japan's intervention-led crash
USD/JPY consolidates the rebound near 156.00, having lost nearly 450 pips in some minutes after the Japanese Yen rallied hard on another suspected Japan FX market intervention in the late American session on Wednesday.
Gold price stalls rebound below $2,330 as US Dollar recovers
Gold price is holding the rebound below $2,330 in Asian trading on Thursday, as the US Dollar recovers in sync with the USD/JPY pair and the US Treasury bond yields, in the aftermath of the Fed decision and the likely Japanese FX intervention.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
The FOMC whipsaw and more Yen intervention in focus
Market participants clung to every word uttered by Chair Powell as risk assets whipped around in a frenetic fashion during the afternoon US trading session.