Majors
EUR/USD: SHORT AT 1.3618 FOR REVISED 1.3477; REVISED STOP AT 1.3578
USD/JPY: SHORT AT 101.83 FOR 100.76; REVISED STOP AT 101.63
GBP/USD: LONG AT 1.7115 FOR 1.7230; STOP AT 1.7055
USD/CHF: LONG AT .8909 FOR .9064; REVISED STOP AT .8910
AUD/USD: SHORT AT .9355 FOR .9210; STOP AT .9400
USD/CAD: SHORT AT 1.0785 FOR 1.0620 REVISED STOP AT 1.0805
Crosses
EUR/JPY: SHORT AT 137.97 FOR REVISED 136.25 OBJ, REV STOP 137.58
EUR/GBP: SHORT AT .8015 FOR REVISED .7857; STOP AT .7950
EUR/CHF: SHORT AT 1.2190 FOR REVISED 1.2123; STOP AT 1.2166
EUR/CAD: SELL AT 1.4580 FOR 1.4410, STOP 1.4660
GBP/JPY: LONG AT 173.60 STOPPED AT 172.90, POSSIBLY SELL
NZD/USD: REVISE SELL AT .8700 FOR REVISED .8568; STOP AT .8755
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EUR/USD trades weak below 1.0800 amid Good Friday lull, ahead of US PCE
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair keenly awaits the US PCE inflation data and Fed Chair Powell's speech for fresh hints on next week's price action.
GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday
GBP/USD trades sideways above 1.2600 amid a typical Good Friday trading lull. A broadly firmer US Dollar could keep any upside attempts limited in the pair ahead of the US PCE inflation data and Fed Chair Powell's appearance.
Gold price sits at all-time highs above $2,230, US PCE eyed
Gold price hit all-time highs at $2,236 on Thursday to finish Q1 2024 with a bang. Most major world markets, including the US are closed due to Holy Friday, leaving volatility around Gold price highly subdued. US PCE inflation and Powell are awaited.
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.