Majors
EUR/USD: SHORT 1.2260 MET OBJ 1.2072, LOOK TO SELL
USD/JPY: LOOK TO BUY
GBP/USD: SELL AT 1.5610 FOR 1.5423; STOP AT 1.5685
USD/CHF: LONG AT .9880 FOR 1.0000; REVISED STOP AT .9840
AUD/USD: POSSIBLY SELL
USD/CAD: LONG AT 1.1435 FOR REVISED 1.1790; REVISE STOP AT 1.1545
Crosses
EUR/JPY: POSSIBLY SELL
EUR/GBP: SHORT AT .7850 FOR .7694; STOP AT .7820
EUR/CHF: LONG AT 1.2020 FOR 1.2098; STOP AT 1.2001
EUR/CAD: LOWER SELL TO 1.4170 FOR 1.3890 OBJ, STOP 1.4285
GBP/JPY: BUY AT 185.60 FOR 188.20 STOP AT 184.80
NZD/USD: SELL AT .7785 FOR .7609; STOP AT .7855
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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, awaits Fed Chair Powell's speech for fresh hints on next week's price action.
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.