News and Market Analysis

Todays Directional Views: Mixed results for currencies
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USD up. But sentiment is mixed

What currencies moving?

Mixed results for currencies. What currencies are expected to rise? Here are some of today’s directional views in currencies, crypto and Gold from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Subscribe to receive our daily newsletter.

On the U.S. economic data front, nonfarm payrolls rose by 431,000 in March, against 460,000 expected, while the jobless rate was recorded at 3.6%, lower than the initially estimated 3.7%. Also, March’s ISM manufacturing purchasing managers index was released at 58.8, above the 58.5 expected, while February construction spending increased by 0.5%, below the +0.8% forecasted

The U.S. dollar rose 0.24pt to 98.553.

EUR/USD dropped 15pips to 1.1052. In Europe, final readings of the March S&P Global manufacturing purchasing managers index was released at 56.5 vs 57.0 expected for the eurozone, at 54.7 vs 54.8 expected for France and at 56.9 vs 57.6 expected for Germany. The eurozone’s consumer price index grew 2.5% on month in March, vs 1.9% expected while on a yearly basis, inflation grew 7.5%, vs 6.9% expected and 5.9% the previous month.

GBP/USD fell 26pips to 1.3112. In the U.K., the March S&P Global manufacturing purchasing managers index was reported at 55.2, against 55.5 initially estimated.

AUD/USD dropped 17pips to 0.7499.

USD/JPY jumped 80pips to 122.5

USD/CHF climbed 24pips to 0.9249 and USD/CAD added 12pips to 1.2517.

Bitcoin traded higher to $46366 while Ethereum increased to $3462.

Bitcoin / Dollar intraday: the upside prevails as long as 45090 is support

Our pivot point stands at 45090.

Our preference:
The upside prevails as long as 45090 is support.
Alternative scenario:
Below 45090, expect 43720 and 42910.
Comment:
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 45860 and 45461).

Analyst Views Chart

Ether / Dollar intraday: the upside prevails as long as 3365 is support

Our pivot point is at 3365.

Our preference:
The upside prevails as long as 3365 is support.
Alternative scenario:
Below 3365, expect 3257 and 3193.
Comment:
The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3384 and 3318).

Analyst Views Chart
NZD/USD intraday: rebound towards 0.6965
Our pivot point stands at 0.6889.
Our preference:
Rebound towards 0.6965.
Alternative scenario:
The downside breakout of 0.6889 would call for 0.6862 and 0.6845.
Comment:
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6920 and 0.6924).

Analyst Views Chart

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