BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.1130 -1.1145 on the upside, 1.0935-1.0950 on the downside
AUDUSD: 0.7710-0.7725 on the upside, 0.7395-0.7410 on the downside.
USDJPY: 123.65-123.80 on the upside, 121.35-121.50 on the downside
GBPUSD: 1.5650-1.5665 on the upside, 1.5350-1.5365 on the downside..
USDCAD: 1.2720-1.2735 on the upside, 1.2355-1.2370 on the downside.
NZDUSD: 0.6835-0.6850 on the upside, 0.6585 - 0.6600 on the downside.
EURJPY: 137.00 -137.15 on the upside, 134.40-134.55 on the downside.
EURGBP: 0.7145-0.7160 on the upside, 0.6975-0.6990 on the downside.
XAUUSD: 1175.00-1185.00 on the upside, 1140.00-1150.0 on the downside.
BRENT: 65.50-66.50 on the upside, 55.00-56.00 on the downside.
SP500: 2090.00-2100.00 on the upside, 2030.00-2040.00 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 stabilizes near 1.0800 as trading action turns subdued
EUR/USD holds steady near 1.0800 on Thursday and remains on track to end the day in negative territory following upbeat macroeconomic data releases from the US. The action in financial markets turn subdued as trading volumes thin out heading into Easter holiday.
GBP/USD extends sideways grind 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 help 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 near 4.2% after upbeat US data and makes it difficult for XAU/USD to gather further bullish momentum.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
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Portfolio rebalancing and reflation trades emerge into Q2
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