Majors
EUR/USD: SHORT AT 1.1055 FOR 1.0848, STOP 1.1143
USD/JPY: LONG AT 120.35 FOR 122.13; STOP AT 119.59
GBP/USD: SHORT AT 1.5365 FOR 1.5201; STOP AT 1.5425
USD/CHF: LONG AT .9820 FOR RAISED .9984; STOP AT .9749
AUD/USD: SHORT AT .7217 FOR .7002; REVISED STOP AT .7269
USD/CAD: POSSIBLY BUY
Crosses
EUR/JPY: SHORT AT 134.00 FOR 132.23; LOWER STOP TO 134.01
EUR/GBP: REVISE SELL AT .7220 FOR .7026; REVISE STOP AT .7275
EUR/CHF: POSSIBLY BUY
EUR/CAD: SHORT AT 1.4595 FOR 1.4292; STOP AT 1.4735
GBP/JPY: POSSIBLY BUY
NZD/USD: LONG AT .6745 FOR .6937; STOP AT .6680
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Editors’ Picks
EUR/USD turns negative near 1.0760
The sudden bout of strength in the Greenback sponsored the resurgence of the selling pressure in the risk complex, dragging EUR/USD to the area of daily lows near 1.0760.
GBP/USD comes under pressure and challenges 1.2500
GBP/USD now rapidly loses momentum and gives away initial gains, returning to the 1.2500 region on the back of the strong comeback of the US Dollar.
Gold retreats from highs on stronger Dollar, yields
XAU/USD trims part of its initial advance in response to the jump in the Dollar's buying interest and the re-emergence of the upside pressure in US yields.
XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery
XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation.
Week ahead – US inflation numbers to shake Fed rate cut bets
Fed rate-cut speculators rest hopes on US inflation data. After dovish BoE, pound traders turn to UK job numbers. Will a strong labor market convince the RBA to hike? More Chinese data on tap amid signs of slow Q2 start.