BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.3640 -1.3655 on the upside, 1.3530-1.3545 on the downside.
AUDUSD: 0.9430-0.9445 on the upside, 0.9275-0.9290 on the downside.
USDJPY: 102.30-102.45 on the upside, 101.05-101.20 on the downside.
GBPUSD: 1.7155-1.7170 on the upside, 1.7025-1.7040 on the downside.
USDCAD: 1.0715-1.0730 on the upside, 1.0605-1.0620 on the downside.
NZDUSD: 0.8835-0.8850 on the upside, 0.8670 – 0.8685 on the downside.
EURJPY: 138.90-139.05 on the upside, 137.75-137.90 on the downside.
EURGBP: 0.7975-0.7990 on the upside, 0.7860-0.7875 on the downside.
XAUUSD: 1335.00-1345.00 on the upside, 1300.00-1310.00 on the downside.
BRENT: 111.00-112.00 on the upside, 106.00-107.00 on the downside.
SP500: 1985.00-1995.00 on the upside, 1925.00-1935.00 on the downside.
Warning! Propareos levels do not take into account fundamental developments. Their validity is reduced on days when the NFP is released and when Central Banks change their interest rate.
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Editors’ Picks
EUR/USD stays near 1.0800 after upbeat US data
EUR/USD stays under modest bearish pressure and trades near 1.0800 in the American session on Thursday. The data from the US showed that the real GDP growth for the fourth quarter got revised higher to 3.4% from 3.2%, supporting the USD and weighing on the pair.
GBP/USD stays in daily range above 1.2600
GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth helps the USD stay resilient against its rivals and limits the pair's upside.
Gold pulls away from daily highs, holds above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays above 4.2% after upbeat US data and makes it difficult for XAU/USD to preserve its bullish momentum.
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Portfolio rebalancing and reflation trades emerge into Q2
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