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 1.1055 FOR 1.0848, REVISED STOP 1.1102
USD/JPY: LONG AT 120.35 FOR 122.13; STOP AT 119.59
GBP/USD: SHORT AT 1.5365 FOR 1.5201; REVISE STOP AT 1.5365
USD/CHF: LONG AT .9820 FOR 1.0069 NEXT; REVISED STOP AT .9799
AUD/USD: SHORT AT .7217 FOR .6937; STOP AT .7217
USD/CAD: LONG AT 1.3150 FOR 1.3457 OBJ, STOP 1.3035
Crosses
EUR/JPY: SHORT AT 133.35 FOR 129.62; STOP AT 134.30
EUR/GBP: SHORT AT .7220 FOR .7026; STOP AT .7253
EUR/CHF: LOOK TO BUY
EUR/CAD: SHORT AT 1.4595 FOR 1.4292; REVISED STOP AT 1.4670
GBP/JPY: LONG AT 184.85 FOR 186.31; STOP AT 184.05
NZD/USD: POSSIBLY SELL
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector.
This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange.
Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.
Recommended Content
Editors’ Picks
AUD/USD: Gains appear capped near 0.6580
AUD/USD made a sharp U-turn on Tuesday, reversing six consecutive sessions of gains and tumbling to multi-day lows near 0.6480 on the back of the robust bounce in the Greenback.
EUR/USD looks depressed ahead of FOMC
EUR/USD followed the sour mood prevailing in the broader risk complex and plummeted to multi-session lows in the vicinity of 1.0670 in response to the data-driven rebound in the US Dollar prior to the Fed’s interest rate decision.
Gold pullbacks on rising US yields, buoyant US Dollar as inflation heats up
Gold prices drop below the $2,300 threshold on Tuesday as data from the United States show that employment costs are rising, thus putting upward pressure on inflation. XAU/USD trades at $2,296 amid rising US Treasury bond yields and a stronger US Dollar.
Ethereum slumps again as long liquidations exceed those of Bitcoin
Ethereum experienced a further decline on Tuesday following a disappointing first-day trading volume for Hong Kong's spot Bitcoin and ETH ETFs. This comes off the back of increased long liquidations and mixed whale activity surrounding the top altcoin.
Federal Reserve meeting preview: The stock market expects the worst
US stocks are a sea of red on Tuesday as a mixture of fundamental data and jitters ahead of the Fed meeting knock risk sentiment. The economic backdrop to this meeting is not ideal for stock market bulls.