Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.1010-1.1025 on the upside, 1.0725-1.0740 on the downside.
AUDUSD: 0.7145 -0.7160 on the upside, 0.6970-0.6985 on the downside.
USDJPY: 123.75-123.90 on the upside, 116.45 -116.60 on the downside.
GBPUSD: 1.4485 -1.4500 on the upside, 1.4140-1.4155 on the downside.
USDCAD: 1.4170-1.4185 on the upside, 1.3885-1.3900 on the downside.
NZDUSD: 0.6545-0.6560 on the upside, 0.6365 – 0.6580 on the downside.
EURJPY: 133.15 -133.30 on the upside, 127.35-127.50 on the downside.
EURGBP: 0.7670-0.7685 on the upside, 0.7490-0.7505 on the downside.
XAUUSD: 1135.00-1145.00 on the upside, 1085.00-1095.00 on the downside.
BRENT: 40.50- 41.50 on the upside, 30.00 -31.00 on the downside.
SP500: 1955.00-1965.00 on the upside, 1820.00-1830.00 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 stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation
The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up. The pair traded at 0.6518.
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 soars as US economic woes and inflation fears grip investors
Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States. GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the US Fed could lower borrowing costs.
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.