Majors
EUR/USD: POSS BUY 1.2715/00 FOR 1.2810/15
USD/JPY: LONG AT 107.30 FOR 109.25; STOP 107.35
GBP/USD: LONG AT 1.6140 FOR 1.6287; STOP AT 1.6080
USD/CHF: LOOK TO BUY .9440/35
AUD/USD: LONG AT .8820 FOR .8970; STOP AT .8780
USD/CAD: LONG AT 1.1205 FOR 1.1418 STOP AT 1.1145
Crosses
EUR/JPY: LONG AT 136.80 FOR REVISED 138.54; STOP AT 136.48
EUR/GBP: SHORT AT .7920 FOR .7851 OBJECTIVE; STOP AT .7950
EUR/CHF: SHORT AT 1.2080 FOR 1.2021; STOP AT 1.2099
EUR/CAD: POSSIBLY SELL
GBP/JPY: LONG AT 173.50 FOR 175.90; STOP AT 173.65
NZD/USD: BUY AT .7905 FOR .8036; STOP AT .7840
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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.