Majors
EUR/USD: SHORT AT 1.3615 FOR REVISED 1.3477; STOP AT 1.3695
USD/JPY: LONG AT 101.88 STOPPED AT 101.42
GBP/USD: LONG AT 1.6960 FOR 1.7105; REVISE STOP AT 1.6945
USD/CHF: LONG AT .8940 FOR .9064 OBJECTIVE, STOP .8882
AUD/USD: LOOK TO BUY
USD/CAD: SELL AT 1.0747 FOR 1.0589 STOP AT 1.0817
Crosses
EUR/JPY: POSSIBLY SELL
EUR/GBP: SHORT AT .8015 FOR .7887; STOP AT .8065
EUR/CHF: SHORT AT 1.2190 FOR 1.2141; STOP AT 1.2205
EUR/CAD: SHORT AT 1.4750 FOR 1.4410 OBJ, REVISED STOP 1.4650
GBP/JPY: LONG AT 171.10 FOR 174.85 INITIALLY; STOP AT 172.40
NZD/USD: LONG AT .8705 FOR REVISED .8842; REVISE STOP AT .8660
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Editors’ Picks
EUR/USD holds above 1.0750 to start the week
EUR/USD trades in positive territory above 1.0750 in the European session on Monday. The US Dollar struggles to find demand following Friday's disappointing labor market data and helps the pair hold its ground.
GBP/USD clings to small gains above 1.2550
Following Friday's volatile action, GBP/USD edges highs and trades in the green above 1.2550. Soft April jobs report from the US and the modest improvement seen in risk mood make it difficult for the US Dollar to gather strength.
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Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.