Majors
EUR/USD: SHORT AT 1.3618 FOR 1.3503 OBJECTIVE, STOP 1.3667
USD/JPY: SHORT AT 101.83 FOR 100.76; STOP AT 102.30
GBP/USD: LONG AT 1.7120 FOR 1.7230; REVISE STOP AT 1.7080
USD/CHF: LONG AT .8909 FOR .9036; STOP AT .8855
AUD/USD: SHORT AT .9385 STOPPED AT .9445, STAND ASIDE FOR NOW
USD/CAD: SHORT AT 1.0677 FOR 1.0589 REVISED STOP AT 1.0705
Crosses
EUR/JPY: SELL AT 138.80 FOR 137.70 OBJECTIVE, STOP 139.35
EUR/GBP: SHORT AT .8015 FOR .7887; STOP AT .7985
EUR/CHF: SHORT AT 1.2190 FOR REVISED 1.2123; STOP AT 1.2166
EUR/CAD: SHORT AT 1.4750 FOR 1.4410 OBJ, REVISED STOP 1.4580
GBP/JPY: LONG AT 174.15 FOR 179.20; STOP AT 173.30
NZD/USD: BUY AT .8795 FOR .8860; STOP AT .8763
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Editors’ Picks
EUR/USD clings to recovery gains near 1.0850 ahead of Fedspeak
EUR/USD trades in positive territory near 1.0850 on Friday following a four-day slide. China's stimulus optimism and a broad US Dollar correction help the pair retrace the dovish ECB decision-induced decline. All eyes remain on the Fedspeak.
GBP/USD pares UK data-led gains at around 1.3050
GBP/USD is trading at around 1.3050 in the second half of the day on Friday, supported by upbeat UK Retail Sales data and a pullback seen in the US Dollar. Later in the day, comments from Federal Reserve officials will be scrutinized by market participants.
Gold at new record peaks above $2,700 on increased prospects of global easing
Gold (XAU/USD) establishes a foothold above the $2,700 psychological level on Friday after piercing through above this level on the previous day, setting yet another fresh all-time high. Growing prospects of a globally low interest rate environment boost the yellow metal.
Crypto ETF adoption should pick up pace despite slow start, analysts say
Big institutional investors are still wary of allocating funds in Bitcoin spot ETFs, delaying adoption by traditional investors. Demand is expected to increase in the mid-term once institutions open the gates to the crypto asset class.
Canada debates whether to supersize rate cuts
A fourth consecutive Bank of Canada rate cut is expected, but the market senses it will accelerate the move towards neutral policy rates with a 50bp step change. Inflation is finally below target and unemployment is trending higher, but the economy is still growing.
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