Majors
EUR/USD: SHORT AT 1.2940 FOR 1.2788; STOP AT 1.3011
USD/JPY: LONG AT 106.85 FOR REVISED 108.45; STOP AT 106.60
GBP/USD: SHORT AT 1.6260 FOR INITIAL 1.6052; STOP AT 1.6345
USD/CHF: LONG AT .9350 FOR .9478; STOP AT .9299
AUD/USD: LOOK TO SELL
USD/CAD: LONG AT 1.1060 FOR 1.1188; STOP AT 1.1015
Crosses
EUR/JPY: LONG AT 138.75 FOR 140.09; STOP AT 138.20
EUR/GBP: POSSIBLY SELL
EUR/CHF: LONG AT 1.2085 FOR 1.2155; STOP AT 1.2065
EUR/CAD: SELL AT 1.4325 FOR 1.4115 OBJ, STOP 1.4425
GBP/JPY: LONG AT 171.00 FOR 175.35, STOP AT 173.60
NZD/USD: SHORT AT .8400 FOR REVISED .8052; STOP AT .8230
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Editors’ Picks
EUR/USD stays near 1.0800 after upbeat US data
EUR/USD stays under modest bearish pressure and trades near 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 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 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.