Majors
EUR/USD: SELL AT 1.3875 FOR 1.3773; STOP AT 1.3930
USD/JPY: BUY AT 102.00 FOR 103.15; STOP AT 101.44
GBP/USD: SHORT AT 1.6625 FOR REVISED 1.6470 OBJECTIVE; STOP AT 1.6615
USD/CHF: POSSIBLY BUY
AUD/USD: POSSIBLY LOOKING TO SELL
USD/CAD: LONG AT 1.1035 FOR REVISED 1.1349; REVISED STOP AT 1.1155
Crosses
EUR/JPY: LONG AT 141.35 FOR 143.38 OBJECTIVE, STOP 140.44
EUR/GBP: BUY AT .8320 FOR .8467; STOP AT .8255
EUR/CHF: LONG AT 1.2180 FOR 1.2250; STOP AT 1.2140
EUR/CAD: LONG AT 1.5375 FOR REVISED 1.5690; REVISED STOP AT 1.5455
GBP/JPY: LONG AT 169.00 FOR INITIAL 172.10; STOP AT 167.50
NZD/USD: LOOK TO BUY INTO CORRECTION
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Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
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Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.