Majors
EUR/USD: BUY AT 1.3458 FOR 1.3597 OBJECTIVE, STOP 1.3369
USD/JPY: SELL AT 98.53 FOR 97.45 OBJECTIVE, STOP 99.12
GBP/USD: BUY AT 1.6040 FOR A 1.6257 OBJECTIVE; STOP AT 1.5990
USD/CHF: SHORT AT .9359 FOR .9147/.9345 REVISED OBJECTIVE/STOP
AUD/USD: LOOK TO BUY ON DIPS
USD/CAD: LOOK TO SELL
Crosses
EUR/JPY: LONG AT 132.10 FOR 134.37; REVISED STOP AT 131.59
EUR/GBP: SHORT AT .8426 FOR A .8326 OBJECTIVE; STOP AT .8412
EUR/CHF: LONG AT 1.2355 FOR A 1.2466 OBJECTIVE; STOP AT 1.2310
EUR/CAD: LONG AT 1.3710 FOR 1.3935; REVISED STOP AT 1.3710
GBP/JPY: LONG AT 157.50 FOR 160.40, REVISED STOP AT 157.30
NZD/USD: BUY AT .8265 FOR A .8485 OBJECTIVE; STOP AT .8200
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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.