Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.2260 FOR 1.2134; STOP AT 1.2280
USD/JPY: BUY AT 119.65 FOR 121.86; STOP AT 118.75
GBP/USD: SHORT AT 1.5619 FOR 1.5427; STOP AT 1.5618
USD/CHF: BUY AT .9800 FOR .9972 STOP AT .9750
AUD/USD: SHORT AT .8566 FOR .7948, STOP AT .8209
USD/CAD: LONG AT 1.1435 FOR REVISED 1.1790; REVISE STOP AT 1.1545
Crosses
EUR/JPY: LONG AT 146.35 FOR REVISED 148.44; STOP AT 145.59
EUR/GBP: SELL AT .7850 FOR .7694; STOP AT .7895
EUR/CHF: LONG AT 1.2020 FOR 1.2098; STOP AT 1.2001
EUR/CAD: REVISE SELL AT 1.4265 FOR 1.3890 OBJ, STOP 1.4390
GBP/JPY: LONG AT 186.70 FOR 189.70; STOP AT 185.35
NZD/USD: SHORT AT .7750 FOR REVISED .7503; STOP AT .7815
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EUR/USD holds above 1.0750 to start the week
EUR/USD trades in positive territory above 1.0750 in the European session on Monday. The US Dollar struggles to find demand following Friday's disappointing labor market data and helps the pair hold its ground.
GBP/USD edges higher toward 1.2600
Following Friday's volatile action, GBP/USD pushes higher toward 1.2600 on Monday. Soft April jobs report from the US and the modest improvement seen in risk mood make it difficult for the US Dollar to gather strength.
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