Majors
EUR/USD: SELL AT 1.2895 FOR 1.2744 OBJECTIVE, STOP 1.2938
USD/JPY: BUY AT 100.89 FOR 102.45 OBJECTIVE, STOP 100.43
GBP/USD: SELL AT 1.5000 FOR A 1.4803 OBJECTIVE; STOP AT 1.5060
USD/CHF: LOOK TO BUY .9575/80
AUD/USD: SELL AT .9110 FOR .8910; STOP AT .9195
USD/CAD: LONG AT 1.0570 FOR 1.0745; STOP AT 1.0505
Crosses
EUR/JPY: SELL AT 130.28 FOR 128.60 OBJECTIVE, STOP 131.12
EUR/GBP: LONG AT .8575 FOR A .8703 OBJECTIVE; STOP AT .8530
EUR/CHF: REVISE BUY AT 1.2350 FOR REVISED 1.2487; REVISE STOP AT 1.2273
EUR/CAD: SHORT AT 1.3600 FOR 1.3435; STOP AT 1.3660
GBP/JPY: POSSIBLY BUY
NZD/USD: SELL AT .7760 FOR A .7660 OBJECTIVE; STOP AT .7810
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GBP/USD returns to 1.2500 area in volatile session
GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.
Gold drops below $2,320 as US yields shoot higher
Gold lost its traction and turned negative on the day below $2,320 in the American session on Thursday. The benchmark 10-year US Treasury bond yield is up more than 1% on the day above 4.7% after US GDP report, weighing on XAU/USD.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.