Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LONG AT 1.1383 FOR 1.1534 OBJECTIVE, STOP AT 1.1298
USD/JPY: LONG AT 118.70 FOR 120.48; STOP AT 117.98
GBP/USD: LONG AT 1.5325 FOR 1.5500; STOP AT 1.5265
USD/CHF: LONG AT 1.5325 FOR 1.5500; STOP AT 1.5265
AUD/USD: BUY AT .7775 FOR .7907; STOP AT .7715
USD/CAD: BUY AT .7775 FOR .7907; STOP AT .7715
Crosses
EUR/JPY: RAISE BUY AT 135.05 FOR 137.64; STOP AT 133.90
EUR/GBP: BUY AT .7397 FOR .7574; STOP AT .7332
EUR/CHF: LONG AT 1.0510 FOR REVISED 1.1002; STOP AT 1.0548
EUR/CAD: POSS SELL
GBP/JPY: LONG AT 182.00 FOR 187.30; REVISED STOP AT 181.00
NZD/USD: BUY AT .7475 FOR .7619; STOP AT .7405
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USD/JPY recovers toward 157.00 following suspected intervention
USD/JPY recovers ground and trades above 156.50 after sliding to 154.50 on what seemed like a Japanese FX intervention. Later this week, the Federal Reserve's policy decisions and US employment data could trigger the next big action.
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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