Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.1320 FOR 1.1000; STOP AT 1.1247
USD/JPY: LONG AT 118.90 FOR REVISED 120.82; STOP AT 119.05
GBP/USD: LONG AT 1.5365 FOR 1.5621; STOP AT 1.5305
USD/CHF: LONG AT .8755 FOR REVISED .9700; ADJUST STOP AT .9534
AUD/USD: SHORT AT .7828 FOR INITIAL .7698 OBJECTIVE, STOP .7880
USD/CAD: LONG AT 1.2495 FOR 1.2800 STOP AT 1.2380
Crosses
EUR/JPY: SHORT AT 134.18 FOR 132.00 OBJECTIVE, STOP 134.80
EUR/GBP: SHORT AT .7272 FOR .7114; STOP AT .7305
EUR/CHF: LONG AT 1.0730 FOR 1.0900; STOP AT 1.0678
EUR/CAD: SHORT AT 1.4065 FOR 1.3805 OBJ, STOP 1.4155
GBP/JPY: LONG AT 182.00 FOR 187.30; REVISED STOP AT 183.40
NZD/USD: LONG AT .7520 FOR .7619; STOP AT .7470
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USD/JPY: Japanese Yen advances to nearly three-week high against USD ahead of US NFP
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Gold lacks firm near-term direction, remains stuck in a range ahead of US NFP
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NFP: The ultimate litmus test for doves vs. hawks
US Nonfarm Payrolls will undoubtedly be the focal point of upcoming data releases. The estimated figure stands at 241k, notably lower than the robust 303k reported in the previous release and below all other readings recorded this year.