Majors
EUR/USD: POSS SELL AT 1.0888 FOR 1.0763/49
USD/JPY: LONG AT 118.90 FOR REVISED 122.44; STOP RAISED TO 119.55
GBP/USD: REVISED SELL AT 1.5145 FOR 1.4952; STOP AT 1.5225
USD/CHF: LONG AT .8755 FOR REVISED 1.0000; REVISED STOP AT .9645
AUD/USD: SHORT AT .7828 FOR REVISED .7627, REVISED STOP .7805
USD/CAD: SHORT AT .7828 FOR REVISED .7627, REVISED STOP .7805
Crosses
EUR/JPY: SHORT AT 134.18 FOR REVISED 130.16, LOWER STOP TO 132.05
EUR/GBP: SHORT AT .7272 FOR .7114; REVISED STOP AT .7290
EUR/CHF: LONG AT 1.0685 FOR 1.0900; STOP 1.0605
EUR/CAD: SELL AT 1.3740 FOR [1.3505 STOP AT 1.3840
GBP/JPY: POSSIBLY LOOKING TO SELL ON BOUNCE
NZD/USD: SELL AT .7420 FOR .7215; STOP AT .7480
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EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
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Week ahead – US GDP and BoJ decision on top of next week’s agenda
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