Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.1560 -1.1575 on the upside, 1.1130-1.-1.1145 on the downside
AUDUSD: 0.7425-0.7440 on the upside, 0.7145- 0.7160 on the downside.
USDJPY: 125.40-125.55 on the upside, 118.20-118.35 on the downside
GBPUSD: 1.5755-1.5770 on the upside, 1.5610-1.5625 on the downside..
USDCAD: 1.3360-1.3375 on the upside, 1.2920-1.2935 on the downside.
NZDUSD: 0.6740 -0.6755 on the upside, 0.6450 - 0.6465 on the downside.
EURJPY: 139.70 -139.85 on the upside, 136.55-136.70 on the downside.
EURGBP: 0.7465-0.7480 on the upside, 0.6825-0.6840 on the downside.
XAUUSD: 1185.00-1195.00 on the upside, 1080.00-1090.0 on the downside.
BRENT: 51.00-52.00 on the upside, 41.00-42.00 on the downside.
SP500: 2130.00-2140.00 on the upside, 1850.00-1860.00 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
AUD/USD remained bid above 0.6500
AUD/USD extended further its bullish performance, advancing for the fourth session in a row on Thursday, although a sustainable breakout of the key 200-day SMA at 0.6526 still remain elusive.
EUR/USD faces a minor resistance near at 1.0750
EUR/USD quickly left behind Wednesday’s small downtick and resumed its uptrend north of 1.0700 the figure, always on the back of the persistent sell-off in the US Dollar ahead of key PCE data on Friday.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options
Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
US economy: slower growth with stronger inflation
The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.