Trade ideas thread - European session 26 April 2023

The dollar was pushed to the brink but it continues to hold on, as the push and pull in markets continue since last week. Here are some technical developments to be wary of at the moment:

• EUR/USD holds at weekly resistance around 1.1033, held back below 1.1000 for now
• GBP/USD stutters after testing resistance at the 1.2500 mark again
• EUR/JPY retreats after running up against October high of 148.40
• Gold trades in and around $2,000 mark, daily support at $1,981 still holding
• WTI crude hangs on at the 100-day moving average, seen at $76.75 currently
• 10-year Treasury yields retreat further from 100-day moving average Moving average A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot Read this Term, key floor still seen near 3.30%

It's still mostly about the risk mood and the bond market for now, as the big picture focus stays on the Fed next week.

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