Majors
EUR/USD: SHORT AT 1.1570 FOR 1.1376, REVISED STOP AT 1.1669
USD/JPY: SHORT AT 117.45 FOR REVISED 116.83; REVISED STOP 117.81
GBP/USD: SELL AT 1.5185 FOR INITIAL 1.5034 OBJECTIVE; STOP AT 1.5240
USD/CHF: LOOK TO SELL RALLY TOWARDS .9134
AUD/USD: BUY AT .8155 FOR .8378, STOP AT .8063
USD/CAD: LOOK TO BUY
Crosses
EUR/JPY: POSSIBLY SELL
EUR/GBP: SHORT AT .7658 FOR .7553; STOP AT .7708
EUR/CHF: SHORT AT 1.0165 FOR .9322; STOP AT 1.0305
EUR/CAD: SELL AT 1.3885 FOR 1.3650 STOP AT 1.3970
GBP/JPY: SELL AT 178.85 FOR 174.70 STOP AT 179.65
NZD/USD: LONG AT .7785 FOR .7947; REVISE STOP AT .7720
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EUR/USD hold comfortably above 1.0750 as USD recovery loses steam
EUR/USD clings to small daily gains above 1.0750 in the early American session on Monday. In the absence of high-tier data releases, the US Dollar finds it difficult to gather recovery momentum and helps the pair hold its ground.
GBP/USD struggles to find direction, holds near 1.2550
GBP/USD stays under modest bearish pressure and trades near 1.2550 on Tuesday. The neutral risk mood, as reflected by the mixed action seen in US stocks, doesn't allow the pair to make a decisive move in either direction. The Bank of England will announce policy decisions on Thursday.
Gold eases toward $2,310 amid a better market mood
After falling to $2,310 in the early European session, Gold recovered to the $2,310 area in the second half of the day. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.5% and helps XAU/USD find support.
Ripple lawsuit develops with SEC reply under seal, XRP holders await public redacted versions
Ripple lawsuit’s latest development is 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.