Danske Research Team
Danske Bank A/S
Majors
EUR/USD: ADJUST BUY AT 1.2350 FOR INITIAL 1.2602 STOP AT 1.2272
USD/JPY: SELL AT 120.08 FOR INITIAL 117.86; STOP AT 121.05
GBP/USD: LOOK TO SELL
USD/CHF: LOOK TO SELL
AUD/USD: SHORT AT .8566 FOR REVISED .8083, REVISE STOP AT .8420
USD/CAD: LONG AT 1.1435 FOR 1.1680; STOP AT 1.1379
Crosses
EUR/JPY: SELL AT 148.65 FOR 146.31; STOP AT 149.45
EUR/GBP: SHORT AT .7955 FOR .7799; STOP AT .7950
EUR/CHF: LONG AT 1.2029 FOR 1.2082; STOP AT 1.2007
EUR/CAD: POSSIBLY BUY
GBP/JPY: BUY AT 185.80 FOR 189.90 STOP AT 184.75
NZD/USD: SELL AT .7740 FOR .7599; REVISE STOP AT .7795
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Editors’ Picks
EUR/USD holds above 1.0700 ahead of US jobs report
EUR/USD stays in a consolidation phase above 1.0700 after closing the previous two days in positive territory. Investors eagerly await April jobs report from the US, which will include Nonfarm Payrolls and Unemployment Rate readings.
GBP/USD advances to 1.2550, all eyes on US NFP data
The GBP/USD pair trades on a stronger note around 1.2550 amid the softer US Dollar on Friday. Market participants refrain from taking large positions as focus shifts to April Nonfarm Payrolls and ISM Services PMI data from the US.
Gold remains stuck near $2,300 ahead of US NFP
Gold price struggles to gain any meaningful traction and trades in a tight channel near $2,300. The Fed’s less hawkish outlook drags the USD to a multi-week low and lends support to XAU/USD ahead of the key US NFP data.
XRP edges up after week-long decline as Ripple files letter in reply to SEC’s motion
Ripple filed a letter to the court to support its April 22 motion to strike new expert materials. The legal clash concerns whether SEC accountant Andrea Fox's testimony should be treated as a summary or expert witness.
US NFP Forecast: Nonfarm Payrolls gains expected to cool in April
The NFP report is expected to show that the US economy added 243,000 jobs last month, sharply lower than the 303,000 job creation seen in March. The Unemployment Rate is set to stay unchanged at 3.8% in the same period.