Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3712 FOR 1.3552; REV STOP AT 1.3691
USD/JPY: BUY AT 101.78 FOR 102.54 OBJECTIVE, STOP 101.34
GBP/USD: LONG AT 1.6875 FOR 1.7044; STOP AT 1.6795
USD/CHF: LONG AT .8925 FOR .9038; STOP AT .8875
AUD/USD: SHORT AT .9240 FOR .9136; STOP AT .9297
USD/CAD: SELL AT 1.0877 FOR 1.0782; STOP AT 1.0917
Crosses
EUR/JPY: SHORT AT 139.20 FOR 138.09 OBJECTIVE, STOP 140.05
EUR/GBP: SELL AT .8125 FOR .8035; STOP AT .8165
EUR/CHF: BUY AT 1.2192 FOR 1.2260; STOP AT 1.2172
EUR/CAD: POSSIBLY SELL
GBP/JPY: BUY AT 170.85 FOR 172.75 STOP AT 170.15
NZD/USD: SELL AT .8585 FOR .8483; STOP AT .8640
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Editors’ Picks
EUR/USD remains offered and below 1.1300
EUR/USD is feeling the squeeze, revisiting the area around 1.1280 as the US Dollar gains extra momentum on Tuesday. Mixed domestic data from Industrial Production and Economic Sentiment haven't done the Euro any favours either.
GBP/USD keeps the bullish stance in the low-1.3200s
After hitting fresh six-month peaks near 1.3250, GBP/USD is now under a tepid selling pressure due to a strong comeback in the Greenback, causing it to retreat toward the 1.3200 support area. Next on the UK docket are inflation figures, expected to be released on Wednesday.
Gold embarks on a consolidative move around $3,200
Gold is holding its own on Tuesday, trading just above $3,200 per troy ounce as it bounces back from earlier losses. While a more upbeat risk sentiment is bolstering the rebound, lingering concerns over a deepening global trade rift have prevented XAU/USD from rallying too aggressively.
XRP, Dogecoin and Mantra traders punished for bullish bets, will altcoins recover?
Altcoins are recovering on Tuesday as the dust settles on US President Donald Trump’s tariff announcements last week. The President has repeatedly changed his mind on several tariff-related concerns, ushering volatility in Bitcoin and altcoin prices.
Is a recession looming?
Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible.
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