Majors
EUR/USD: SHORT AT 1.1055 FOR 1.0848, STOP AT 1.1102
USD/JPY: LONG AT 120.35 FOR 122.13; REVISED STOP AT 119.98
GBP/USD: LONG AT 1.5465 FOR 1.5659; STOP AT 1.5398
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; REVISE STOP AT 133.45
EUR/GBP: SHORT AT .7220 FOR .7026; STOP AT .7253
EUR/CHF: LONG AT 1.0890 FOR 1.1012; STOP AT 1.0825
EUR/CAD: SHORT AT 1.4595 FOR 1.4292; REVISED STOP AT 1.4560
GBP/JPY: BUY DIPS
NZD/USD: POSSIBLY SELL
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Editors’ Picks
EUR/USD steady below 1.0800 after US PCE meets expectations
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, with the Greenback shedding some pips. Fed Chair Jerome Powell set to speak ahead of the weekly close.
GBP/USD hovers around 1.2620 in dull trading
GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.
Gold price sits at all-time highs above $2,230
Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.
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.