Overview
Read the updated key trading levels analysis for AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/CAD, USD/JPY, USD index, and S&P 500 below:
- AUDJPY continues to find resistance at the 90.29 monthly resistance level.
- AUDUSD has rallied back to the 0.7100 level.
- EURJPY has rallied back to the 136.00 level.
- EURUSD has declined back below the 1.0700 level.
- GBPJPY continues to find support at the 158.21 monthly support level.
- GBPUSD has rallied back to the 1.2600 level just short of the 1.2614 daily resistance level.
- NZDJPY continues to find resistance at the 82.49 monthly resistance level.
- NZDUSD has rallied back to the 0.6489 weekly resistance level.
- USDCAD continues to find support at the 1.2800 level.
- USDJPY continues to decline towards the 125.85 monthly support level.
- USD Index remains below the 103.81 monthly resistance level.
- S&P 500 is consolidating within last week’s trading range.
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Editors’ Picks
EUR/USD stays near 1.0800 after upbeat US data
EUR/USD stays under modest bearish pressure and trades near 1.0800 in the American session on Thursday. The data from the US showed that the real GDP growth for the fourth quarter got revised higher to 3.4% from 3.2%, supporting the USD and weighing on the pair.
GBP/USD stays in daily range above 1.2600
GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth helps the USD stay resilient against its rivals and limits the pair's upside.
Gold pulls away from daily highs, holds above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays above 4.2% after upbeat US data and makes it difficult for XAU/USD to preserve its bullish momentum.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
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Portfolio rebalancing and reflation trades emerge into Q2
Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.