Majors
EUR/USD: LONG AT 1.1320 FOR 1.1561; STOP AT 1.1230
USD/JPY: LONG AT 120.10 FOR INITIAL 121.33; STOP AT 119.55
GBP/USD: BUY AT 1.5275 FOR 1.5449; STOP AT 1.5210
USD/CHF: SELL AT .9660 FOR .9482; STOP AT .9741
AUD/USD: BUY AT .7218 FOR .7497, STOP AT .7140
USD/CAD: SHORT AT 1.3030 FOR 1.2862; REVISED STOP AT 1.3081
Crosses
EUR/JPY: LONG AT 136.05 FOR 137.61, STOP AT 135.03
EUR/GBP: LONG AT .7375 FOR REVISED .7501 OBJECTIVE; STOP AT .7300
EUR/CHF: LONG AT 1.0910 FOR 1.1186; STOP AT 1.0865
EUR/CAD: SHORT STOPPED, POSS SELL
GBP/JPY: LONG AT 183.10 FOR 187.37; STOP AT 182.95
NZD/USD: LONG AT .6480 FOR REVISED .6815; STOP AT .6530
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AUD/USD holds above 0.6500 in thin trading
The Australian Dollar managed to recover ground against its American rival after AUD/USD fell to 0.6484. The upbeat tone of Wall Street underpinned the Aussie despite broad US Dollar strength and tepid Australian data.
EUR/USD comfortable below 1.0800 lower lows at sight
The EUR/USD pair lost ground on Thursday and settled near a fresh March low of 1.0774. Strong US data and hawkish Fed speakers comments lead the way ahead of the release of the US PCE Price Index on Friday.
Gold price finishes Thursday’s session set to reach new all-time highs
Gold price rallied during the North American session on Thursday and hit a new all-time high of $2,225 in the mid-North American session. Precious metal prices are trending higher even though US Treasury yields are advancing, underpinning the Greenback.
Bitcoin price extends retreat from $69K as old whales shift their holdings to new whales
Bitcoin price continues to move further away from the $69,000 threshold, gaining ground as BTC bulls hope for a retest of the $73,777 peak. This is because of the general assumption that clearing this blockade would set the tone for a reach higher, marking a new all-time high.
Bears have been standing before a steamroller so far this year
Despite a pushback on rate cuts from Christopher Waller, and what was supposed to be cautious trading sentiment ahead of critical US inflation data released later on Friday, the S&P 500 rose on Thursday, marking its best first-quarter performance in five years.