Majors
EUR/USD: BUY AT 1.3305 FOR 1.3486 STOP AT 1.3237
USD/JPY: BUY AT 89.32 FOR 90.33 OBJECTIVE, STOP 88.65
GBP/USD: LONG AT 1.6130 FOR A 1.6257 OBJECTIVE, STOP AT 1.6068
USD/CHF: REVISE SELL AT .9160 FOR .9043; STOP AT .9202
AUD/USD: LONG AT 1.0490 FOR 1.0625, REVISED STOP AT 1.0500
USD/CAD: SHORT AT .9884 FOR .9764, REVISE STOP AT .9884
Crosses
EUR/JPY: BUY AT 118.78 FOR 121.14 OBJECTIVE, STOP 117.62
EUR/GBP: BUY AT .8241 FOR .8359 STOP AT .8191
EUR/CHF: POSSIBLY BUY
EUR/CAD: LOOK TO BUY DIPS
GBP/JPY: LONG AT 143.10 FOR 145.40 OBJECTIVE, STOP 142.65
NZD/USD: LONG AT .8345 FOR .8527 OBJECTIVE, REV STOP AT .8345
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Editors’ Picks
EUR/USD stabilizes near 1.0800 as trading action turns subdued
EUR/USD holds steady near 1.0800 on Thursday and remains on track to end the day in negative territory following upbeat macroeconomic data releases from the US. The action in financial markets turn subdued as trading volumes thin out heading into Easter holiday.
GBP/USD extends sideways grind above 1.2600
GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth help the USD stay resilient against its rivals and limits the pair's upside.
Gold pulls away from daily highs, holds above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays near 4.2% after upbeat US data and makes it difficult for XAU/USD to gather further bullish momentum.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
Portfolio rebalancing and reflation trades emerge into Q2
Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.