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 1.0720 FOR 1.0458, STOP 1.0835
USD/JPY: ADJUST BUY AT 122.24 FOR 124.47, STOP 121.60
GBP/USD: LONG AT 1.5270 FOR 1.5509; STOP AT 1.5150
USD/CHF: LONG AT .9820 FOR 1.0310; STOP AT 1.0039
AUD/USD: LONG AT .7125 FOR .7297; STOP AT .7130
USD/CAD: LONG AT 1.3150 FOR 1.3457 OBJ, REVISED STOP 1.3240
Crosses
EUR/JPY: SHORT AT 133.35 FOR 129.62; REVISE STOP AT 132.83
EUR/GBP: SHORT AT .7220 FOR REVISED .6936 OBJECTIVE; STOP AT .7045
EUR/CHF: LONG AT 1.0830 FOR 1.0950; STOP AT 1.0785
EUR/CAD: SHORT AT 1.4285 FOR 1.3993 OBJ, STOP 1.4285
GBP/JPY: POSSIBLY LOOKING TO RE-BUY
NZD/USD: LONG AT .6520 FOR .6699; STOP AT .6460
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
EUR/USD eases to near 1.0700 ahead of German inflation data
EUR/USD is paring gains to near 1.0700 in the European session on Monday. The pair stays supported by a softer US Dollar, courtesy of the USD/JPY sell-off and a risk-friendly market environment. Germany's inflation data is next in focus.
USD/JPY recovers after testing 154.50 on likely Japanese intervention
USD/JPY is recovering ground after sliding to 154.50 on what seemed like a Japanese FX intervention. The Yen tumbled in early trades amid news that Japan's PM lost 3 key seats in the by-election. Focus shifts to the US employment data and the Fed decision later this week.
Gold price bulls move to the sidelines as focus shifts to the crucial FOMC policy meeting
Gold price struggles to capitalize on its modest gains registered over the past two trading days and edges lower on the first day of a new week, albeit the downside remains cushioned.
Ripple CTO shares take on ETHgate controversy, XRP holders await SEC opposition brief filing
Ripple loses all gains from the past seven days, trading at $0.50 early on Monday. XRP holders have their eyes peeled for the Securities and Exchange Commission filing of opposition brief to Ripple’s motion to strike expert testimony.
Week ahead: FOMC and jobs data in sight
May kicks off with the Federal Open Market Committee meeting and will be one to watch, scheduled to make the airwaves on Wednesday. It’s pretty much a sealed deal for a no-change decision at this week’s meeting.