Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
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EURUSD: 1.1350-1.1365 on the upside, 1.1185-1.1200 on the downside.
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AUDUSD: 0.78300.7845 on the upside, 0.7505-0.7520 on the downside.
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USDJPY: 111.95-112.10 on the upside, 108.70 -108.85 on the downside.
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GBPUSD: 1.4675-1.4690 on the upside, 1.4295-1.4310 on the downside.
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USDCAD: 1.2745-1.2760 the upside, 1.2475-1.2490 on the downside.
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NZDUSD: 0.6920-0.6935 on the upside, 0.6690 - 0.6705 on the downside.
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EURJPY: 126.75 -126.90 on the upside, 122.85 -123.00 on the downside.
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EURGBP: 0.7860-0.7875 on the upside, 0.7620-0.7635 on the downside.
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XAUUSD: 1270.00-1280.00 on the upside, 1205.00-1215.00 on the downside.
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BRENT: 47.50-48.50 on the upside, 40.50-41.50 on the downside.
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SP500: 2110-2120.00 on the upside, 2040.00-2050.00 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 clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.