Majors
EUR/USD: SELL AT 1.0825 FOR 1.0571, STOP 1.0903
USD/JPY: BUY AT 122.75 FOR 124.16, STOP 121.95
GBP/USD: SELL AT 1.5080 FOR 1.4857; STOP AT 1.5155
USD/CHF: LONG AT .9820 FOR 1.0240 NEXT; REVISED STOP AT .9833
AUD/USD: SELL AT .7065 FOR .6896, STOP AT .7136
USD/CAD: LONG AT 1.3150 FOR 1.3457 OBJ, REVISED STOP 1.3080
Crosses
EUR/JPY: SHORT AT 133.35 FOR 129.62; REVISE STOP AT 133.45
EUR/GBP: SHORT AT .7220 FOR .7026; STOP AT .7205
EUR/CHF: SHORT AT 1.0825 FOR 1.0690; STOP AT 1.0845
EUR/CAD: SHORT AT 1.4355 FOR 1.4153; STOP AT 1.4455
GBP/JPY: BUY AT 184.25 FOR 190.00; STOP AT 183.65
NZD/USD: POSSIBLY SELL
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EUR/USD extends gains above 1.0700, focus on key US data
EUR/USD meets fresh demand and rises toward 1.0750 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.
USD/JPY keeps pushing higher, eyes 156.00 ahead of US GDP data
USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, recapturing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming intervention risks. The focus shifts to Thursday's US GDP report and the BoJ decision on Friday.
Gold closes below key $2,318 support, US GDP holds the key
Gold price is breathing a sigh of relief early Thursday after testing offers near $2,315 once again. Broad risk-aversion seems to be helping Gold find a floor, as traders refrain from placing any fresh directional bets on the bright metal ahead of the preliminary reading of the US first-quarter GDP due later on Thursday.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price.
US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4
The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing.