Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
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EURUSD: 1.1455-1.1470 on the upside, 1.1265-1.1280 on the downside.
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AUDUSD: 0.7715 -0.7730 on the upside, 0.7555-0.7570 on the downside.
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USDJPY: 113.50-11365 on the upside, 110.35 -110.50 on the downside.
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GBPUSD: 1.4515 -1.4530 on the upside, 1.4060-1.4075 on the downside.
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USDCAD: 1.3150-1.3165 on the upside, 1.2870 -1.2885 on the downside.
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NZDUSD: 0.6970-0.6985 on the upside, 0.6585 – 0.6600 on the downside.
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EURJPY: 128.75 -128.90 on the upside, 126.15-126.30 on the downside.
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EURGBP: 0.8080-0.8095 on the upside, 0.7825-0.7840 on the downside.
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XAUUSD:1250.00-1260.00 on the upside,1195.00-1205.00 on the downside.
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BRENT: 41.50- 42.50 on the upside, 36.00 -37.00 on the downside.
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SP500: 2095.00-2105.00 on the upside, 2015.00-2025.00 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 consolidates weekly gains above 1.1150
EUR/USD moves up and down in a narrow channel slightly above 1.1150 on Friday. In the absence of high-tier macroeconomic data releases, comments from central bank officials and the risk mood could drive the pair's action heading into the weekend.
GBP/USD stabilizes near 1.3300, looks to post strong weekly gains
GBP/USD trades modestly higher on the day near 1.3300, supported by the upbeat UK Retail Sales data for August. The pair remains on track to end the week, which featured Fed and BoE policy decisions, with strong gains.
Gold extends rally to new record-high above $2,610
Gold (XAU/USD) preserves its bullish momentum and trades at a new all-time high above $2,610 on Friday. Heightened expectations that global central banks will follow the Fed in easing policy and slashing rates lift XAU/USD.
Week ahead – SNB to cut again, RBA to stand pat, PCE inflation also on tap
SNB is expected to ease for third time; might cut by 50bps. RBA to hold rates but could turn less hawkish as CPI falls. After inaugural Fed cut, attention turns to PCE inflation.
Bank of Japan set to keep rates on hold after July’s hike shocked markets
The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session.
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