Majors
EUR/USD: SHORT AT 1.3618 FOR REVISED 1.3390; REVISED STOP AT 1.3546
USD/JPY: SHORT AT 101.83 FOR 100.76; REVISED STOP AT 101.63
GBP/USD: SELL AT 1.7100 FOR 1.6972; STOP AT 1.7155
USD/CHF: LONG AT .8909 FOR .9064; REVISED STOP AT .8955
AUD/USD: POSSIBLY SELL
USD/CAD: SHORT AT 1.0785 FOR 1.0620 REVISED STOP AT 1.0805
Crosses
EUR/JPY: SHORT AT 137.97 FOR REVISED 136.25 OBJ, REV STOP 137.58
EUR/GBP: SHORT AT .8015 FOR REVISED .7857; STOP AT .7950
EUR/CHF: SHORT AT 1.2190 FOR REVISED 1.2123; STOP AT 1.2166
EUR/CAD: SELL AT 1.4550 FOR 1.4410 OBJ, STOP 1.4620
GBP/JPY: LOOK TO BUY
NZD/USD: SHORT AT .8700 FOR .8568; STOP/REVERSE AT .8755 FOR .8839
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EUR/USD turns negative near 1.0760
The sudden bout of strength in the Greenback sponsored the resurgence of the selling pressure in the risk complex, dragging EUR/USD to the area of daily lows near 1.0760.
GBP/USD comes under pressure and challenges 1.2500
GBP/USD now rapidly loses momentum and gives away initial gains, returning to the 1.2500 region on the back of the strong comeback of the US Dollar.
Gold retreats from highs on stronger Dollar, yields
XAU/USD trims part of its initial advance in response to the jump in the Dollar's buying interest and the re-emergence of the upside pressure in US yields.
XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery
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Week ahead – US inflation numbers to shake Fed rate cut bets
Fed rate-cut speculators rest hopes on US inflation data. After dovish BoE, pound traders turn to UK job numbers. Will a strong labor market convince the RBA to hike? More Chinese data on tap amid signs of slow Q2 start.