Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.3055 -1.3070 on the upside, 1.2790-1.2805 on the downside.
AUDUSD: 0.9175-0.9190 on the upside, 0.8855- 0.8870 on the downside.
USDJPY: 109.35-109.50 on the upside, 105.50-105.65 on the downside.
GBPUSD: 1.6395-1.6410 on the upside, 1.6125-1.6140 on the downside.
USDCAD: 1.1065-1.1080 on the upside, 1.0875-1.0890 on the downside.
NZDUSD: 0.8265-0.8280 on the upside, 0.8025 – 0.8040 on the downside.
EURJPY: 140.75-140.90 on the upside, 137.70-137.85 on the downside.
EURGBP: 0.8050-0.8065 on the upside, 0.7835-0.7850 on the downside.
XAUUSD: 1250.00-1260.00 on the upside, 1195.00-1205.0 on the downside.
BRENT: 100.50-101.50 on the upside, 96.00-97.0 on the downside.
SP500: 2015.00-2025.00 on the upside, 1960.00-1970.00 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.
Recommended Content
Editors’ Picks
USD/JPY trades below two-week top set on Thursday; looks to BoJ for fresh impetus
USD/JPY trades with a positive bias below the 143.00 mark as traders await the BoJ policy update before placing fresh directional bets. In the meantime, data published this Friday showed that Japan's Core CPI rose to a 10-month high in August and reaffirmed bets that the BoJ will hike interest rates again in 2024.
AUD/USD strengthens above 0.6800 on RBA-Fed policy divergence, eyes on PBoC rate decision
The AUD/USD pair trades on a stronger note near 0.6810 during the early Asian session on Friday. The uptick of the pair is bolstered by the softer US Dollar amid the prospects of further rate cuts by the US Federal Reserve this year. Later on Friday, the Fed’s Patrick Harker is set to speak.
Gold price holds steady near record peak amid bets for more Fed rate cuts
Gold price hovers near the all-time peak touched earlier this week amid a bearish USD and rising bets for more upcoming rate cuts by the Fed. Moreover, concerns about an economic downturn in the US and China further underpin the safe-haven XAU/USD.
Bank of Japan set to keep rates on hold after July’s hike shocked markets
The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session.
XRP eyes gains as Ripple gears up for stablecoin launch, Grayscale XRP Trust notes rising NAV
Ripple (XRP) gained 2.3% since the start of the week. The altcoin’s gains are likely powered by key market movers that include Ripple USD (RUSD) stablecoin, Grayscale XRP Trust performance and the demand for the altcoin among institutional investors.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.