BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):

  • EURUSD: 1.1410-1.1425 on the upside, 1.1015-1.1030 on the downside.

  • AUDUSD: 0.7195-0.7210 on the upside, 0.6925-0.6940 on the downside.

  • USDJPY: 117.25-117.40 on the upside, 113.30-113.45 on the downside.

  • GBPUSD: 1.4565-1.4580 on the upside, 1.4330-1.4345 on the downside.

  • USDCAD: 1.4050-1.4065 the upside, 1.3715-1.3730 on the downside.

  • NZDUSD: 0.6770-0.6785 on the upside, 0.6500 - 0.6515 on the downside.

  • EURJPY: 132.70 -132.85 on the upside, 127.20 -127.35 on the downside.

  • EURGBP: 0.7910-0.7925 on the upside, 0.7515-0.7530 on the downside.

  • XAUUSD: 1225.00-1235.00 on the upside, 1110.00-1120.00 on the downside.

  • BRENT: 36.00-37.00 on the upside, 28.50-29.50 on the downside.

  • SP500: 1970.00-1980.00 on the upside, 1775.00-1785.00 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.

Probabilities

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GBP/USD is catching a fresh bid wave, rising above 1.2500 in European trading on Thursday. The US Dollar resumes its corrective downside, as traders resort to repositioning ahead of the high-impact US advance GDP data for the first quarter. 

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XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger

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Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP. 

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US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4

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The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing. 

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