Majors
EUR/USD: LONG AT 1.1320 FOR 1.1561; STOP AT 1.1230
USD/JPY: LONG AT 120.10 FOR INITIAL 121.33; STOP AT 119.55
GBP/USD: BUY AT 1.5275 FOR 1.5449; STOP AT 1.5210
USD/CHF: SELL AT .9660 FOR .9482; STOP AT .9741
AUD/USD: BUY AT .7218 FOR .7497, STOP AT .7140
USD/CAD: SHORT AT 1.3030 FOR 1.2862; REVISED STOP AT 1.3081
Crosses
EUR/JPY: LONG AT 136.05 FOR 137.61, STOP AT 135.03
EUR/GBP: LONG AT .7375 FOR REVISED .7501 OBJECTIVE; STOP AT .7300
EUR/CHF: LONG AT 1.0910 FOR 1.1186; STOP AT 1.0865
EUR/CAD: SHORT STOPPED, POSS SELL
GBP/JPY: LONG AT 183.10 FOR 187.37; STOP AT 182.95
NZD/USD: LONG AT .6480 FOR REVISED .6815; STOP AT .6530
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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.