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 LOWERED TO 1.0766
USD/JPY: LONG AT 123.00 FOR 124.63, STOP AT 122.19
GBP/USD: SHORT AT 1.5170 FOR REVISED 1.4960; STOP AT 1.5170
USD/CHF: LONG AT .9820 FOR 1.0310; STOP AT 1.0139
AUD/USD: LONG AT .7125 FOR .7382; STOP AT .7149
USD/CAD: LONG AT 1.3150 FOR REVISED 1.3557, STOP RAISED TO 1.3240
Crosses
EUR/JPY: SHORT AT 133.35 FOR 129.62; REVISE STOP AT 131.11
EUR/GBP: SELL AT .7065 FOR .6936; STOP AT .7115
EUR/CHF: LONG AT 1.0830 FOR 1.0950; STOP AT 1.0785
EUR/CAD: SHORT AT 1.4285 FOR 1.3993 OBJ, REVISED STOP 1.4215
GBP/JPY: LONG AT 185.15 FOR 188.81; STOP AT 184.15
NZD/USD: LONG AT .6520 FOR REVISED .6643 OBJECTIVE; STOP AT .6540
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Editors’ Picks
EUR/USD holds above 1.0700 ahead of US jobs report
EUR/USD stays in a consolidation phase above 1.0700 after closing the previous two days in positive territory. Investors eagerly await April jobs report from the US, which will include Nonfarm Payrolls and Unemployment Rate readings.
GBP/USD advances to 1.2550, all eyes on US NFP data
The GBP/USD pair trades on a stronger note around 1.2550 amid the softer US Dollar on Friday. Market participants refrain from taking large positions as focus shifts to April Nonfarm Payrolls and ISM Services PMI data from the US.
Gold remains stuck near $2,300 ahead of US NFP
Gold price struggles to gain any meaningful traction and trades in a tight channel near $2,300. The Fed’s less hawkish outlook drags the USD to a multi-week low and lends support to XAU/USD ahead of the key US NFP data.
XRP edges up after week-long decline as Ripple files letter in reply to SEC’s motion
Ripple filed a letter to the court to support its April 22 motion to strike new expert materials. The legal clash concerns whether SEC accountant Andrea Fox's testimony should be treated as a summary or expert witness.
US NFP Forecast: Nonfarm Payrolls gains expected to cool in April
The NFP report is expected to show that the US economy added 243,000 jobs last month, sharply lower than the 303,000 job creation seen in March. The Unemployment Rate is set to stay unchanged at 3.8% in the same period.