Majors
EUR/USD: SHORT AT 1.1285 FOR 1.1000; STOP AT 1.1401
USD/JPY: LONG AT 117.60 FOR 119.97; REVISED STOP AT 117.16
GBP/USD: SHORT AT 1.5140 FOR REVISED 1.4886; STOP AT 1.5135
USD/CHF: LONG AT .8755 FOR REVISED .9361; STOP RAISED TO .8760
AUD/USD: SHORT AT .8130 FOR .7700; STOP AT .8038
USD/CAD: BUY AT 1.2372 FOR 1.2540 STOP AT 1.2294
Crosses
EUR/JPY: SHORT AT 132.80 FOR INITIAL 129.00, STOP 134.31
EUR/GBP: SHORT AT .7475 FOR .7307; STOP AT .7520
EUR/CHF: POSSIBLY BUY
EUR/CAD: SELL AT 1.4065 FOR 1.3650 STOP AT 1.4170
GBP/JPY: POSSIBLY BUY
NZD/USD: MISSED SELL AT .7475, LOOK TO SELL HIGHER
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Editors’ Picks
AUD/USD could extend the recovery to 0.6500 and above
The enhanced risk appetite and the weakening of the Greenback enabled AUD/USD to build on the promising start to the week and trade closer to the key barrier at 0.6500 the figure ahead of key inflation figures in Australia.
EUR/USD now refocuses on the 200-day SMA
EUR/USD extended its positive momentum and rose above the 1.0700 yardstick, driven by the intense PMI-led retracement in the US Dollar as well as a prevailing risk-friendly environment in the FX universe.
Gold struggles around $2,325 despite broad US Dollar’s weakness
Gold reversed its direction and rose to the $2,320 area, erasing a large portion of its daily losses in the process. The benchmark 10-year US Treasury bond yield stays in the red below 4.6% following the weak US PMI data and supports XAU/USD.
Bitcoin price makes run for previous cycle highs as Morgan Stanley pushes BTC ETF exposure
Bitcoin (BTC) price strength continues to grow, three days after the fourth halving. Optimism continues to abound in the market as Bitcoiners envision a reclamation of previous cycle highs.
US versus the Eurozone: Inflation divergence causes monetary desynchronization
Historically there is a very close correlation between changes in US Treasury yields and German Bund yields. This is relevant at the current juncture, considering that the recent hawkish twist in the tone of the Federal Reserve might continue to push US long-term interest rates higher and put upward pressure on bond yields in the Eurozone.