Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.1260-1.1275 on the upside, 1.1010-1.1025 on the downside.
AUDUSD: 0.7235 -0.7250 on the upside, 0.6925-0.6940 on the downside.
USDJPY: 118.80-118.95 on the upside, 112.55 -112.70 on the downside.
GBPUSD: 1.4600 -1.4615 on the upside, 1.4285-1.4300 on the downside.
USDCAD: 1.4120-1.4135 on the upside, 1.3630-1.3645 on the downside.
NZDUSD: 0.6745-0.6760 on the upside, 0.6390 – 0.6405 on the downside.
EURJPY: 132.00 -132.15 on the upside, 127.25-127.40 on the downside.
EURGBP: 0.7850-0.7865 on the upside, 0.7550-0.7565 on the downside.
XAUUSD:1220.00-1230.00 on the upside,1110.00-1120.00 on the downside.
BRENT: 35.50- 36.50 on the upside, 30.50 -31.50 on the downside.
SP500: 1960.00-1970.00 on the upside, 1795.00-1805.00 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.
Recommended Content
Editors’ Picks
AUD/USD recovers further toward 0.6800 on risk-recovery
AUD/USD extends recovery toward 0.6800 in Asian trading on Thursday, despite mixed Australian employment data. The Aussie cheers a return of risk appetite, which weighs on the post-Fed US Dollar recovery. All eyes now remain on US economic data for fresh impetus.
USD.JPY reverses sharply from 144.00, as US Dollar recovery fizzles
USD/JPY is attacking 143.00 in Thursday's Asian session, reversing sharply from 144.00. The pair pares back gains in tandem with the US Dollar, as the latter's post-Fed recovery falters due to a rebound in risk sentiment. The focus is next on the US data due later today and Friday's BoJ decision.
Gold price regains positive traction amid a modest USD pullback from one-week high
Gold price attracts some dip-buying during the Asian session on Thursday and seems to have stalled its retracement slide from the $2,600 mark, or a fresh all-time peak touched the previous day. The US dollar trims a part of its intraday gains to a one-week high, which turns out to be a key factor lending support to the commodity.
Bitcoin surges to $62,000 mark after 50 bps Fed rate cut
Bitcoin and Ripple eye for a rally as they break and find support around their resistance barrier. Meanwhile, Ethereum demonstrates signs of recovery as it approaches a critical resistance level, indicating that an upward rally could be on the horizon if it successfully breaks through.
Australian Unemployment Rate expected to hold steady at 4.2% in August
The Australian Bureau of Statistics will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.