FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major Pair levels and bias summary 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro- Major Crypto levels and bias summary 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro- Major European Indices 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.10037
Kijun-Sen- 1.10290
EURUSD pared some of its gains after a minor pullback. Markets eye US Fed and ECB monetary policy for further direction. The pair hits an intraday low of 1.09947 and currently trading around 1.0998.
US PCE YoY March cools down to 4.6% from 4.7% in Feb. The core PCE surged by 0.30% in Mar, in line with the estimate
Major economic data
May 1st, 2023 US ISM manufacturing Index (2:00 pm GMT).
According to the CME Fed watch tool, the probability of a no-rate hike in May increased to 14.5% from 9.50% a week ago.
The US 10-year yield pared some of its gains and lost more than 3.5% after weak US PCE data. The US 10 and 2-year spread narrowed to -60% from -108%.
The pair trades above short-term 21 EMA, 55 EMA, and long-term (200-EMA) in the 4-hour chart. Any indicative break above 1.1070 confirms intraday bullishness; a jump to 1.110/1.1165 is possible. The near-term support is around 1.0990. The breach below targets 1.0960/1.0930/1.0900.
Indicator (4-hour chart)
CCI –Neutral
Directional movement index – neutral
It is good to buy on dips around 1.0990 with SL around 1.0950 for a TP of 1.1100.
