BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):

  • EURUSD: 1.0850 -1.0865 on the upside, 1.0555-1.0570 on the downside.

  • AUDUSD: 0.7855-0.7870 on the upside, 0.7660- 0.7675 on the downside.

  • USDJPY: 119.25-119.40 on the upside, 117.85-118.00 on the downside.

  • GBPUSD: 1.5010-1.5025 on the upside, 1.4720-1.4735 on the downside.

  • USDCAD: 1.2285-1.2300 on the upside, 1.2095-1.2110 on the downside.

  • NZDUSD: 0.7740-0.7755 on the upside, 0.7595 - 0.7610 on the downside.

  • EURJPY: 129.05-129.20 on the upside, 126.60-126.75 on the downside.

  • EURGBP: 0.7255-0.7270 on the upside, 0.7140-0.7155 on the downside.

  • XAUUSD: 1210.00-1220.00 on the upside, 1165.00-1175.0 on the downside.

  • BRENT: 65.00-66.00 on the upside, 56.50-57.50 on the downside.

  • SP500: 2125.00-2135.00 on the upside, 2070.00-2080.00 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.

Probabilities

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AUD/USD rises to two-day high ahead of Aussie CPI

The Aussie Dollar recorded back-to-back positive days against the US Dollar and climbed more than 0.59% on Tuesday, as the US April S&P PMIs were weaker than expected. That spurred speculations that the Federal Reserve could put rate cuts back on the table. The AUD/USD trades at 0.6488 as Wednesday’s Asian session begins.

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EUR/USD now refocuses on the 200-day SMA

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EUR/USD News

Gold price cautious despite weaker US Dollar and falling US yields

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Ethereum continues hinting at rally following reduced long liquidations

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Ethereum has continued showing signs of a potential rally on Tuesday as most coins in the crypto market are also posting gains. This comes amid speculation of a potential decline following FTX ETH sales and normalizing ETH risk reversals.

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Australia CPI Preview: Inflation set to remain above target as hopes of early interest-rate cuts fade

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An Australian inflation update takes the spotlight this week ahead of critical United States macroeconomic data. The Australian Bureau of Statistics will release two different inflation gauges on Wednesday.

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