Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.3660 -1.3675 on the upside, 1.3540-1.35455 on the downside.
AUDUSD: 0.9440-0.9455 on the upside, 0.9325-0.9340 on the downside.
USDJPY: 101.75-101.90 on the upside, 100.65-100.80 on the downside.
GBPUSD: 1.7160-1.7175 on the upside, 1.7040-1.7055 on the downside.
USDCAD: 1.0810-1.0825 on the upside, 1.0615-1.0630 on the downside.
NZDUSD: 0.8835-0.8850 on the upside, 0.8690 – 0.8705 on the downside.
EURJPY: 138.55-138.70 on the upside, 137.15-137.30 on the downside.
EURGBP: 0.7990-0.8005 on the upside, 0.7815-0.7830 on the downside.
XAUUSD: 1345.00-1355.00 on the upside, 1300.00-1310.0 on the downside.
BRENT: 111.50-112.50 on the upside, 105.00-106.00 on the downside.
SP500: 1980.00-1990.00 on the upside, 1910.00-1920.00 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
GBP/USD stays below 1.2450 after UK employment data
GBP/USD trades marginally lower on the day below 1.2450 in the early European session on Tuesday. The data from the UK showed that the ILO Unemployment Rate in February rose to 4.2% from 4%, weighing on Pound Sterling.
EUR/USD steadies above 1.0600, awaits German ZEW and Powell speech
EUR/USD is holding above 1.0600 in the European morning on Tuesday, having hit fresh five-month lows. The pair draws support from sluggish US Treasury bond yields but the rebound appears capped amid a stronger US Dollar and risk-aversion. Germany's ZEW survey and Powell awaited.
Gold price holds steady below $2,400 mark, bullish potential seems intact
Gold price oscillates in a narrow band on Tuesday and remains close to the all-time peak. The worsening Middle East crisis weighs on investors’ sentiment and benefits the metal. Reduced Fed rate cut bets lift the USD to a fresh YTD top and cap gains for the XAU/USD.
SOL primed for a breakout as it completes a rounding bottom pattern
Solana price has conformed to the broader market crash, following in the steps of Bitcoin price that remains in the red below the $65,000 threshold. For SOL, however, the sensational altcoin could have a big move in store.
Key economic and earnings releases to watch
The market’s focus may be on geopolitical issues at the start of this week, but there is a large amount of economic data and more earnings releases to digest in the coming days.