Majors
EUR/USD: LONG AT 1.3820 FOR 1.3880; STOP AT 1.3778
USD/JPY: LONG AT 102.20 FOR 103.05; STOP AT 101.79
GBP/USD: LONG AT 1.6700 FOR REVISED 1.6917; REVISE STOP AT 1.6740
USD/CHF: LOOK TO SELL
AUD/USD: LONG AT .9350 FOR .9523; STOP AT .9290
USD/CAD: LONG AT 1.0970 FOR 1.1078; REVISED STOP AT 1.0940
Crosses
EUR/JPY: LONG AT 141.40 FOR 142.85 OBJECTIVE, STOP 140.89
EUR/GBP: POSSIBLY SELL
EUR/CHF: SHORT AT 1.2170 FOR 1.2102; STOP AT 1.2210
EUR/CAD: POSSIBLY BUY
GBP/JPY: LONG AT 169.90 FOR 172.50; REVISED STOP AT 170.75
NZD/USD: LONG AT .8620 FOR .8785; STOP AT .8565
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Editors’ Picks
EUR/USD trades weak below 1.0800 amid Good Friday lull, ahead of US PCE
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair keenly awaits the US PCE inflation data and Fed Chair Powell's speech for fresh hints on next week's price action.
GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday
GBP/USD trades sideways above 1.2600 amid a typical Good Friday trading lull. A broadly firmer US Dollar could keep any upside attempts limited in the pair ahead of the US PCE inflation data and Fed Chair Powell's appearance.
Gold price sits at all-time highs above $2,230, US PCE eyed
Gold price hit all-time highs at $2,236 on Thursday to finish Q1 2024 with a bang. Most major world markets, including the US are closed due to Holy Friday, leaving volatility around Gold price highly subdued. US PCE inflation and Powell are awaited.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.