Majors
EUR/USD: BUY AT 1.3263 FOR 1.3404 OBJECTIVE, STOP 1.3198
USD/JPY: LONG 88.42 STOPPED89.17, BUY AT 87.77 FOR 90.25, STOP87.69
GBP/USD: SELL AT 1.5890 FOR A 1.5754 OBJECTIVE, STOP AT 1.5935
USD/CHF: LONG AT .9320 FOR .9434 OBJECTIVE, STOP AT .9284
AUD/USD: LONG AT 1.0487 FOR 1.0599, STOP AT 1.0492
USD/CAD: BUY AT .9900 FOR 1.0057 OBJ, STOP .9840
Crosses
EUR/JPY: BUY AT 118.55 FOR 120.73 OBJECTIVE, STOP 117.63
EUR/GBP: LONG AT .8269, MET OBJECTIVE AT .8424
EUR/CHF: LOOK TO BUY
EUR/CAD: LONG AT 1.3135 FOR 1.3335, REVISE STOP AT 1.3125
GBP/JPY: POSSIBLY LOOKING TO SELL
NZD/USD: LONG AT .8350 FOR A .8477 OBJECTIVE, STOP AT .8340
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Editors’ Picks
EUR/USD stays below 1.0800 after upbeat US data
EUR/USD stays under bearish pressure and trades slightly below 1.0800 in the American session on Thursday. The data from the US showed that the real GDP growth for the fourth quarter got revised higher to 3.4% from 3.2%, supporting the USD and weighing on the pair.
GBP/USD stays in daily range 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 helps the USD stay resilient against its rivals and limits the pair's upside.
Gold clings to strong daily gains above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays above 4.2% after upbeat US data and makes it difficult for XAU/USD to preserve its 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.