EUR/USD, “Euro vs US Dollar”
The currency pair has completed a wave of decline to 1.0837. Today the market is correcting to 1.0883. After the correction is over, a decline to 1.0810 will become possible. Then a consolidation range should form around this level, from which the price should escape to 1.0795. The goal is local.
GBP/USD, “Great Britain Pound vs US Dollar”
The currency pair has completed an impulse of decline to 1.2344. Today a correction to 1.2415 might follow. After the correction is over, the pair may drop to 1.2340. With a breakaway of this level downwards, the wave might extend to 1.2262. The goal is local.
USD/JPY, “US Dollar vs Japanese Yen”
The currency pair continues forming a consolidation range around 130.00. Today a decline to 128.50 should happen. Then growth to 129.50 and a decline to 128.30 should follow.
USD/CHF, “US Dollar vs Swiss Franc”
The currency pair is forming a consolidation range around 0.9219. A link of decline to 0.9191 is not excluded. Then the pair should grow to 0.9250, from where the growth might continue to 0.9277.
AUD/USD, “Australian Dollar vs US Dollar”
The currency pair continues developing a structure of decline to 0.7070. With a breakaway of this level downwards, a pathway for a wave to 0.7000 will open. The goal is local.
Brent
Brent continues correcting to 85.00. Today this wave of decline might end and a new wave of growth to 90.30 might start, from where it might extend to 93.00. Then a correction to 88.98 should follow.
XAU/USD, “Gold vs US Dollar”
Gold has completed a structure of decline to 1916.58 and a link of growth to 1934.40. Today the market might develop one more structure of decline to 1918.00. And with a breakaway of this level downwards, a pathway down to 1900.00 will open. The goal is local.
S&P 500
The stock index has formed a link of growth to 4095.0. Today it might decline to 3999.0. After this level is reached, a correction to 4030.0 might start, followed by a decline to 3800.0. The goal is local.
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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.