Majors
EUR/USD: LONG AT 1.2295 FOR 1.2477 OBJECTIVE, STOP 1.2243
USD/JPY: REVISE BUY AT 118.05 FOR 121.00; REVISE STOP AT 117.20
GBP/USD: SHORT AT 1.5619 FOR 1.5427; STOP AT 1.5700
USD/CHF: LONG AT .9775 FOR .9972; STOP AT .9690
AUD/USD: SHORT AT .8566 FOR .8066, STOP AT .8245
USD/CAD: LONG AT 1.1435 FOR REVISED 1.1790; REVISE STOP AT 1.1545
Crosses
EUR/JPY: SELL AT 147.40 FOR 144.73; STOP AT 147.95
EUR/GBP: SELL AT .7890 FOR .7756; STOP AT .7955
EUR/CHF: POSSIBLY BUY
EUR/CAD: SELL AT 1.4370 FOR 1.4010 OBJ, STOP 1.4480
GBP/JPY: BUY AT 185.35 FOR 189.70; STOP AT 184.35
NZD/USD: SHORT AT .7750 FOR REVISED .7503; STOP AT .7815
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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.