Majors
EUR/USD: SHORT AT 1.2472 FOR REVISED 1.2321; STOP AT 1.2511
USD/JPY: LONG AT 115.13 FOR REVISED 116.45 OBJECTIVE, STOP 114.61
GBP/USD: SELL AT 1.5765 FOR 1.5522; STOP AT 1.5840
USD/CHF: LONG AT .9555 FOR .9839, STOP AT .9616
AUD/USD: SHORT AT .8725 FOR .8540; STOP AT .8775
USD/CAD: LONG AT 1.1300 FOR 1.1403; REVISED STOP AT 1.1295
Crosses
EUR/JPY: BUY AT 143.75 FOR 145.68; STOP AT 142.98
EUR/GBP: SELL HIGHER
EUR/CHF: SHORT AT 1.2080 FOR REVISED 1.2006; STOP AT 1.2075
EUR/CAD: SELL AT 1.4215 FOR 1.4010 OBJ, STOP 1.4305
GBP/JPY: BUY LOWER
NZD/USD: LONG AT .7845 FOR .7997; STOP AT .7790
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Editors’ Picks
EUR/USD holds above 1.0700 after US data
EUR/USD struggles to build on Wednesday's gains and fluctuates in a tight channel near 1.0700 on Thursday. The data from the US showed that weekly Jobless Claims held steady at 208,000, helping the USD hold its ground and limiting the pair's upside.
GBP/USD fluctuates above 1.2500 following Wednesday's rebound
GBP/USD stays in a consolidation phase slightly above 1.2500 on Thursday after closing in the green on Wednesday. A mixed market mood caps the GBP/USD upside after Unit Labor Costs and weekly Jobless Claims data from the US.
Gold retreats to $2,300 despite falling US yields
Gold stays under bearish pressure and trades deep in negative territory at around $2,300 on Thursday. The benchmark 10-year US Treasury bond edges lower following the Fed's policy decisions but XAU/USD struggles to find a foothold.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
Happy Apple day
Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple.