Majors
EUR/USD: LOOK TO SELL AT 1.1180/85
USD/JPY: LOOK TO BUY 120.35/25
GBP/USD: SELL AT 1.5420 FOR 1.5201; STOP AT 1.5525
USD/CHF: LOOK TO BUY
AUD/USD: SHORT AT .7217 FOR .7002; STOP AT .7312
USD/CAD: LONG AT 1.2970 FOR REVISED 1.3218 OBJ, STOP 1.2930
Crosses
EUR/JPY: SHORT 136.22 MET OBJ 133.99, POSS SELL FOR 133.16
EUR/GBP: SHORT AT .7335 FOR .7197; REVISE STOP AT .7335
EUR/CHF: POSSIBLY SELL
EUR/CAD: SELL AT 1.4640 FOR 1.4387 OBJ, STOP 1.4750
GBP/JPY: LONG AT 183.20 FOR REVISED 188.31; STOP AT 184.41
NZD/USD: LONG AT .6745 FOR .6937; STOP AT .6680
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Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
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Week ahead – US GDP and BoJ decision on top of next week’s agenda
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