BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.1030 -1.1045 on the upside, 1.0740-1.0755 on the downside.
AUDUSD: 0.7935-0.7950 on the upside, 0.7585- 0.7600 on the downside.
USDJPY: 120.25-120.40 on the upside, 118.05-118.20 on the downside.
GBPUSD: 1.4960-1.4975 on the upside, 1.4705-1.4720 on the downside.
USDCAD: 1.2755-1.2770 on the upside, 1.2375-1.2390 on the downside.
NZDUSD: 0.7665-0.7680 on the upside, 0.7425 - 0.7440 on the downside.
EURJPY: 130.00-130.15 on the upside, 128.20-128.35 on the downside.
EURGBP: 0.7400.7415 on the upside, 0.7220-0.7235 on the downside.
XAUUSD: 1220.00-1230.00 on the upside, 1155.00-1165.0 on the downside.
BRENT: 60.50-61.50 on the upside, 51.50-52.5 0 on the downside.
SP500: 2085.00-2095.00 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 retreats toward 1.0850 on renewed USD strength
EUR/USD stays under modest bearish pressure and declined toward 1.0850 in the early European session on Tuesday, pressured by the renewed USD strength. ZEW sentiment survey will be featured in the European economic docket ahead of housing data from the US.
USD/JPY extends rally beyond 150.00 as markets assess BoJ decisions
USD/JPY preserves its bullish momentum after breaking above 150.00 with the 'sell the fact' reaction to the Bank of Japan's decision to end negative interest rates. In the post-meeting press conference, Governor Ueda said they will consider options for easing broadly, including ones used in the past if needed.
Gold price hangs near one-week low, looks to Fed decision on Wednesday for fresh impetus
Gold price struggles to capitalize on the previous day's bounce from the $2,145 region and oscillates in a range during the Asian session on Tuesday. Hawkish Fed expectations, elevated US bond yields and a bullish USD cap the upside.
Why is the crypto market crashing?
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Lots of tension ahead of this week's Fed decision
Last week, we got a strong round of US economic data accompanied by hotter US inflation reads. The takeaway of course is that there might be a lot more pressure on the Fed to be looking to scale back its rate cut outlook at this week’s meeting.