Majors
EUR/USD: SHORT AT 1.2972 FOR 1.2788 OBJECTIVE, REVISED STOP 1.2961
USD/JPY: BUY AT 105.75 FOR 107.03 OBJECTIVE, STOP 105.21
GBP/USD: SELL AT 1.6200 FOR 1.6003; STOP AT 1.6285
USD/CHF: BUY AT .9342 FOR .9403 OBJECTIVE, STOP .9304
AUD/USD: POSSIBLY BUY WHILE ABOVE .9235
USD/CAD: LOOK TO BUY
Crosses
EUR/JPY: SHORT AT 136.59 FOR 134.95 OBJECTIVE; STOP AT 137.16
EUR/GBP: POSSIBLY SELL
EUR/CHF: SHORT AT 1.2070 FOR 1.2006; STOP AT 1.2101
EUR/CAD: POSSIBLY SELL
GBP/JPY: POSSIBLY SELL HIGHER
NZD/USD: SHORT AT .8400 FOR REVISED .8187; STOP AT .8360
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AUD/USD buyers lack vigor above 0.6500 amid Good Friday trading lull
AUD/USD is trading listlessly above 0.6500 in the Asian session amid light trading on Good Friday. The Aussie pair shrugs off encouraging comments from China's FX regulator, as price action remains subdued ahead of the US PCE inflation data.
Gold flirts with record highs above $2,230, all eyes on US PCE data
Gold price flirts with record highs around $2,230 during the Asian session on Friday. The uptick of yellow metal is bolstered by the safe-haven flows amidst growing economic concerns and the prospect of interest rate cuts from the US Federal Reserve.
Optimism price could fall as nearly $90 million worth of OP tokens is due flood markets
Optimism volatility has shrunk in the ours leading to the network’s cliff unlock. It joins the likes of dYdX and Sui, which have similar events on their calendars. As token unlocks are often considered bearish catalysts, investors should brace for a reaction after the event.
Will they won’t they cut rates is the question of Q2?
There has been some significant push back from Fed and Bank of England members around the timing of rate cuts, and the Bank of Japan still haven’t physically intervened in the FX market to stem yen weakness although they are threatening to do so.