Danske Research Team
Danske Bank A/S
Interested in more FX key technical levels? Take a look at Luc Luyet's daily technical outlook.
Majors
EUR/USD: SHORT AT 1.1269 FOR 1.1017, STOP 1.1333
USD/JPY: LONG AT 119.80 FOR REVISED 123.13, STOP 118.95
GBP/USD: SHORT AT 1.5275 FOR 1.4973; STOP AT 1.5220
USD/CHF: LONG AT .9690 FOR REVISED 1.0129 NEXT ; STOP AT .9665
AUD/USD: POSSIBLY BUY
USD/CAD: SELL AT 1.3327 FOR 1.2952; STOP AT 1.3435
Crosses
EUR/JPY: SHORT AT 134.85 FOR 131.30; REVISE STOP AT 135.45
EUR/GBP: LONG AT .7375 FOR INITIAL .7483 OBJECTIVE; STOP AT .7300
EUR/CHF: LONG AT 1.0910 FOR 1.1186; STOP AT 1.0823
EUR/CAD: POSS SELL
GBP/JPY: SHORT AT 182.00 FOR 179.32, STOP AT 183.43
NZD/USD: SHORT AT .6420 FOR .6130; STOP AT .6485
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USD/JPY rebounds to 157.00 after Monday's suspected intervention-led crash
USD/JPY is trading close to 157.00, staging a solid rebound in the Asian session on Tuesday. The pair reverses a part of heavy losses incurred on Monday after the Japanese Yen rallied hard on probable FX market intervention by Japan's authorities. Poor Japan's jobs and Retail Sales data weigh on the Yen.
Gold prices soften as traders gear up for Fed monetary policy decision
Gold price snaps two days of gains, yet it remains within familiar levels, with traders bracing for the US Fed's monetary policy decision on May 1. The XAU/USD retreats below the daily open and trades at $2,334, down 0.11%, courtesy of an improvement in risk appetite.
BNB price risks a 10% drop as Binance founder and ex-CEO Changpeng Zhao eyes Tuesday sentencing
Binance Coin price is dumping, with the one-day chart showing a defined downtrend. While the broader market continues to bleed, things could get worse for BNB price ahead of Binance executive Changpeng Zhao sentencing on Tuesday, April 30.
FX market still on intervention watch
Asian foreign exchange traders will be particularly attentive to any signs of Japanese intervention on Tuesday, following reports of Tokyo's involvement in the market on Monday. This intervention action propelled the yen upward from its 34-year low of 160 per dollar, setting off shockwaves of volatility.