Majors
EUR/USD: SHORT AT 1.1055 FOR 1.0848, REVISED STOP 1.1102
USD/JPY: LONG AT 120.35 FOR 122.13; STOP AT 119.59
GBP/USD: SHORT AT 1.5365 FOR 1.5201; REVISE STOP AT 1.5365
USD/CHF: LONG AT .9820 FOR 1.0069 NEXT; REVISED STOP AT .9799
AUD/USD: SHORT AT .7217 FOR .6937; STOP AT .7217
USD/CAD: LONG AT 1.3150 FOR 1.3457 OBJ, STOP 1.3035
Crosses
EUR/JPY: SHORT AT 133.35 FOR 129.62; STOP AT 134.30
EUR/GBP: SHORT AT .7220 FOR .7026; STOP AT .7253
EUR/CHF: LOOK TO BUY
EUR/CAD: SHORT AT 1.4595 FOR 1.4292; REVISED STOP AT 1.4670
GBP/JPY: LONG AT 184.85 FOR 186.31; STOP AT 184.05
NZD/USD: POSSIBLY SELL
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Editors’ Picks
EUR/USD consolidates gains below 1.0700 amid upbeat mood
EUR/USD is consolidating its recovery below 1.0700 in the European session on Thursday. The US Dollar holds its corrective decline amid improving market mood, despite looming Middle East geopolitical risks. Speeches from ECB and Fed officials remain on tap.
GBP/USD clings to moderate gains above 1.2450 on US Dollar weakness
GBP/USD is clinging to recovery gains above 1.2450 in European trading on Thursday. The pair stays supported by a sustained US Dollar weakness alongside the US Treasury bond yields. Risk appetite also underpins the higher-yielding currency pair. ahead of mid-tier US data and Fedspeak.
Gold price shines amid fears of fresh escalation in Middle East tensions
Gold price rebounds to $2,380 in Thursday’s European session after posting losses on Wednesday. The precious metal holds gains amid fears that Middle East tensions could worsen and spread beyond Gaza if Israel responds brutally to Iran.
Ripple faces significant correction as former SEC litigator says lawsuit could make it to Supreme Court
Ripple (XRP) price hovers below the key $0.50 level on Thursday after failing at another attempt to break and close above the resistance for the fourth day in a row.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.