Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.1060-1.1075 on the upside, 1.0760-1.0775 on the downside.
AUDUSD: 0.7230-0.7245 on the upside, 0.7035-0.7050 on the downside.
USDJPY: 114.45-114.60 on the upside, 111.55 -111.70 on the downside.
GBPUSD: 1.4050-1.4065 on the upside, 1.3760-1.3775 on the downside.
USDCAD: 1.3785-1.3800 the upside, 1.3385-1.3400 on the downside.
NZDUSD: 0.6815-0.6830 on the upside, 0.6450 - 0.6465 on the downside.
EURJPY: 125.80 -125.95 on the upside, 120.85 -121.00 on the downside.
EURGBP: 0.7955-0.7970 on the upside, 0.7665-0.7680 on the downside.
XAUUSD: 1255.00-1265.00 on the upside, 1195.00-1205.00 on the downside.
BRENT: 38.50-39.50 on the upside, 31.50-32.50 on the downside.
SP500: 1980.00-1990.00 on the upside, 1890.00-1900.00 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 to 1.0750 area as USD recovers
EUR/USD stays under modest bearish pressure and trades slightly below 1.0750 in the European session on Wednesday. Hawkish comments from Fed officials help the US Dollar stay resilient and don't allow the pair to stage a rebound.
GBP/USD drops below 1.2500 ahead of Thursday's BoE event
GBP/USD stays on the back foot and trades in negative territory below 1.2500 after losing nearly 0.5% on Tuesday. The renewed US Dollar strength on hawkish Fed comments weighs on the pair as market focus shifts to the BoE's policy announcements on Thursday.
Gold stays near $2,310 as US yields edge higher
Following a quiet Asian session, Gold retreated slightly to the $2,310 area. Hawkish tone of Fed policymakers help the US Treasury bond yields edge higher and make it difficult for XAU/USD to gather bullish momentum.
SEC vs. Ripple lawsuit sees redacted filing go public, XRP dips to $0.51
Ripple (XRP) dipped to $0.51 low on Wednesday, erasing its gains from earlier this week. The Securities and Exchange Commission (SEC) filing is now public, in its redacted version.
Softer growth, cooler inflation and rate cuts remain on the horizon
Economic growth in the US appears to be in solid shape. Although real GDP growth came in well below consensus expectations, the headline miss was mostly the result of larger-than-anticipated drags from trade and inventories.