Majors
EUR/USD: LONG AT 1.2370 FOR 1.2602; REVISE STOP AT 1.2335
USD/JPY: SELL AT 119.64 FOR INITIAL 117.24 OBJECTIVE, STOP 120.25
GBP/USD: LONG AT 1.5680 FOR 1.5826; STOP AT 1.5620
USD/CHF: SELL AT .9718 FOR .9530 OBJECTIVE, STOP .9779
AUD/USD: SHORT AT .8566 FOR .8083, REVISED STOP AT .8350
USD/CAD: LONG AT 1.1435 FOR 1.1680; REVISE STOP AT 1.1470
Crosses
EUR/JPY: LONG AT 147.30 FOR 149.39; STOP AT 146.28
EUR/GBP: SHORT AT .7919 FOR .7767; STOP AT .7989
EUR/CHF: SELL AT 1.2032 FOR 1.1971; STOP AT 1.2050
EUR/CAD: BUY AT 1.4325 FOR 1.4500; STOP AT 1.4265
GBP/JPY: LOOK TO RE-SELL
NZD/USD: POSSIBLY SELL
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Editors’ Picks
EUR/USD extends sideways grind below 1.0900
EUR/USD stays in a consolidation phase below 1.0900 following the previous week's rally. In the absence of high-tier data releases, the US Dollar stays resilient against its rivals as investors scrutinize comments from central bank officials.
Gold retreated from record highs, maintains the upward bias
Gold rose sharply at the beginning of the week on escalating geopolitical tensions and touched a new all-time high of $2,450. With market mood improving modestly, XAU/USD erases a majority of its daily gains but manages to hold above $2,400.
GBP/USD holds steady near 1.2700, in an uneventful US session
GBP/USD fluctuates in a narrow channel near 1.2700 on the first trading day of the week. The cautious market stance helps the US Dollar hold its ground while central bank officials fail to trigger some action ahead of this week's key events.
Ripple stays above $0.50 on Monday as firm backs research on blockchain and quantum computing
XRP price holds steady above the $0.50 key support level and edges higher on Monday, trading at 0.5130 and rising 0.70% in the day at the time of writing.
Week ahead: Nvidia results and UK CPI falling back to target
What a week for investors. The Dow Jones reached a record high and closed last week above 40,000, for the first time ever. This is a major bullish signal even though gains for global stocks were fairly modest on Friday, and European stocks closed lower.