Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.1230-1.1245 on the upside, 1.0855-1.0870 on the downside.
AUDUSD: 0.7515-0.7530 on the upside, 0.7350-0.7365 on the downside.
USDJPY: 125.10-125.25 on the upside, 120.50-120.65 on the downside.
GBPUSD: 1.5830-1.5845 on the upside, 1.5330-1.5345 on the downside.
USDCAD: 1.2820-1.2835 on the upside, 1.2665-1.2680 on the downside.
NZDUSD: 0.6740-0.6755 on the upside, 0.6535 - 0.6550 on the downside.
EURJPY: 138.55 -138.70 on the upside, 133.40-133.55 on the downside.
EURGBP: 0.7180-0.7195 on the upside, 0.6920-0.6935 on the downside.
XAUUSD: 1170.00-1180.00 on the upside, 1135.00-1145.0 on the downside.
BRENT: 60.00-61.00 on the upside, 53.50-54.50 on the downside.
SP500: 2145.00-2155.00 on the upside, 2035.00-2045.00 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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EUR/USD consolidates gains below 1.0700 amid upbeat mood
EUR/USD is consolidating its recovery below 1.0700 in the European session on Thursday. The US Dollar holds its corrective decline amid improving market mood, despite looming Middle East geopolitical risks. Speeches from ECB and Fed officials remain on tap.
GBP/USD clings to moderate gains above 1.2450 on US Dollar weakness
GBP/USD is clinging to recovery gains above 1.2450 in European trading on Thursday. The pair stays supported by a sustained US Dollar weakness alongside the US Treasury bond yields. Risk appetite also underpins the higher-yielding currency pair. ahead of mid-tier US data and Fedspeak.
Gold price shines amid fears of fresh escalation in Middle East tensions
Gold price rebounds to $2,380 in Thursday’s European session after posting losses on Wednesday. The precious metal holds gains amid fears that Middle East tensions could worsen and spread beyond Gaza if Israel responds brutally to Iran.
Ripple faces significant correction as former SEC litigator says lawsuit could make it to Supreme Court
Ripple (XRP) price hovers below the key $0.50 level on Thursday after failing at another attempt to break and close above the resistance for the fourth day in a row.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.