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: SELL AT 1.1008 FOR INITIAL 1.0646, STOP 1.1130
USD/JPY: LONG AT 123.00 FOR 124.63, STOP AT 122.19
GBP/USD: BUY AT 1.5034 FOR 1.5228; STOP AT 1.4964
USD/CHF: BUY AT .9840 FOR 1.0180, STOP .9754
AUD/USD: LONG AT .7125 FOR REVISED .7440; REVISED STOP AT .7270
USD/CAD: LONG AT 1.3150 FOR REVISED 1.3557, STOP RAISED TO 1.3270
Crosses
EUR/JPY: BUY AT 132.75 FOR 136.39, STOP AT 130.95
EUR/GBP: BUY AT .7173 FOR .7377; STOP AT .7093
EUR/CHF: LOOK TO BUY
EUR/CAD: POSS BUY
GBP/JPY: BUY AT 185.65 FOR 188.81; STOP AT 184.95
NZD/USD: LONG AT .6640 FOR .6792; STOP AT .6590
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Editors’ Picks
EUR/USD hovers near 1.0700 ahead of US data
EUR/USD struggles to build on Wednesday's gains and fluctuates in a tight channel near 1.0700 on Thursday. The US Dollar holds its ground following the Fed-inspired decline as market focus shifts to mid-tier US data releases.
GBP/USD holds steady above 1.2500 following Wednesday's rebound
GBP/USD stays in a consolidation phase slightly above 1.2500 on Thursday after closing in the green on Wednesday. A mixed market mood caps the GBP/USD upside ahead of Unit Labor Costs and Jobless Claims data from the US.
Gold retreats to $2,300 despite falling US yields
Gold stays under bearish pressure and trades deep in negative territory at around $2,300 on Thursday. The benchmark 10-year US Treasury bond edges lower following the Fed's policy decisions but XAU/USD struggles to find a foothold.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
Happy Apple day
Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple.