Majors
EUR/USD: SHORT AT 1.2320 FOR 1.2134; STOP AT 1.2401
USD/JPY: SELL AT 120.65 FOR INITIAL 119.33 OBJECTIVE, STOP 121.65
GBP/USD: SHORT AT 1.5615 FOR 1.5427; STOP AT 1.5700
USD/CHF: LONG AT .9760 FOR .9898; STOP AT .9695
AUD/USD: SHORT AT .8566 FOR REVISED .8083, REVISE STOP AT .8451
USD/CAD: LONG AT 1.1435 FOR 1.1680; STOP AT 1.1379
Crosses
EUR/JPY: LONG 148.60 STPD147.94, POSS SELL
EUR/GBP: SHORT AT .7955 FOR .7799; STOP AT .7950
EUR/CHF: LONG AT 1.2029 FOR 1.2082; STOP AT 1.2007
EUR/CAD: LOOK TO SELL
GBP/JPY: LONG AT 185.50 FOR REVISED 191.75; REVISED STOP AT 187.20
NZD/USD: SHORT AT .7855 FOR REVISED .7599; STOP AT .7735
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EUR/USD stays near 1.0750 following Monday's indecisive action
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GBP/USD retreats below 1.2550 as USD recovers
GBP/USD stays under modest bearish pressure and trades below 1.2550 in the European session on Tuesday. The cautious market stance helps the USD hold its ground and doesn't allow the pair to regain its traction. The Bank of England will announce policy decisions on Thursday.
Gold price turns red below $2,320 amid renewed US dollar demand
Gold trades in negative territory below $2,320 as the souring mood allows the USD to find demand on Tuesday. Nevertheless, the benchmark 10-year US Treasury bond yield stays below 4.5% and helps XAU/USD limit its losses.
Ripple lawsuit develops with SEC reply under seal, XRP holders await public redacted versions
Ripple lawsuit’s latest development is Securities and Exchange Commission (SEC) filing, under seal. The regulator has filed its reply brief and supporting exhibits and the documents will be made public on Wednesday, May 8.
The impact of economic indicators and global dynamics on the US Dollar
Recent labor market data suggest a cooling economy. The disappointing job creation and rising unemployment hint at a slackening demand for labor, which, coupled with subdued wage growth, could signal a slower economic trajectory.