Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.2780 -1.2795 on the upside, 1.2505-1.2520 on the downside.
AUDUSD: 0.8820-0.8835 on the upside, 0.8690-0.8705 on the downside.
USDJPY: 107.95-108.10 on the upside, 106.00-106.15 on the downside.
GBPUSD: 1.6240-1.6255 on the upside, 1.5975-1.5990 on the downside.
USDCAD: 1.1295-1.1310 on the upside, 1.1125-1.1140 on the downside.
NZDUSD: 0.8010-0.8025 on the upside, 0.7715 – 0.7730 on the downside.
EURJPY: 137.00-137.15 on the upside, 134.55-134.70 on the downside.
EURGBP: 0.7940-0.7955 on the upside, 0.7795-0.7810 on the downside.
XAUUSD: 1265.00-1275.00 on the upside, 1210.00-1220.00 on the downside.
BRENT: 87.50-88.50 on the upside, 81.00-82.00 on the downside.
SP500: 1975.00-1985.00 on the upside, 1865.00-1875.00 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 rises toward 1.0700 after Germany PMI data
EUR/USD gains traction and rises toward 1.0700 in the early European session on Monday. HCOB Composite PMI in Germany improved to 50.5 in April from 47.7 in March, providing a boost to the Euro. Focus shifts Eurozone and US PMI readings.
GBP/USD regains 1.2350 ahead of UK PMIs
GBP/USD is recovering ground above 1.2350 in the European session, as the US Dollar comes under fresh selling pressure on improving risk sentiment. The further upside in the pair could be capped, as traders await the UK PMI reports for fresh trading impetus.
Gold price flirts with $2,300 amid receding safe-haven demand, reduced Fed rate cut bets
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PENDLE price soars 10% after Arthur Hayes’ optimism on Pendle derivative exchange
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Focus on April PMIs today
In the euro area, focus today will be on the euro area PMIs for April. The previous months' PMIs have shown a return of the two-speed economy with the service sector in expansionary territory and manufacturing sector stuck in contraction.