Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.3475 -1.3490 on the upside, 1.3340-1.3355 on the downside.
AUDUSD: 0.9450-0.9465 on the upside, 0.9300-0.9315 on the downside.
USDJPY: 102.55-102.70 on the upside, 101.05-101.20 on the downside.
GBPUSD: 1.7030-1.7045 on the upside, 1.6875-1.6890 on the downside.
USDCAD: 1.0895-1.0910 on the upside, 1.0660-1.0675 on the downside.
NZDUSD: 0.8625-0.8640 on the upside, 0.8450 – 0.8465 on the downside.
EURJPY: 137.35-137.50 on the upside, 135.90-136.05 on the downside.
EURGBP: 0.7950-0.7965 on the upside, 0.7840-0.7855 on the downside.
XAUUSD: 1315.00-1325.00 on the upside, 1265.00-1275.0 on the downside.
BRENT: 109.00-110.00 on the upside, 105.00-106.00 on the downside.
SP500: 2000.00-2010.00 on the upside, 1945.00-1955.00 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 rebounds to 1.0650 on renewed USD weakness
EUR/USD gained traction and rose to the 1.0650 area in the early American session on Tuesday. Disappointing housing data from the US seem to be weighing on the US Dollar, helping the pair stretch higher.
GBP/USD climbs above 1.2450 after US data
GBP/USD extended its recovery from the multi-month low it touched near 1.2400 and turned positive on the day above 1.2450. The modest selling pressure surrounding the US Dollar after dismal housing data supports the pair's rebound.
Gold retreats to $2,370 as US yields push higher
Gold stages a correction on Tuesday and fluctuates in negative territory near $2,370 following Monday's upsurge. The benchmark 10-year US Treasury bond yield continues to push higher above 4.6% and makes it difficult for XAU/USD to gain traction.
XRP struggles below $0.50 resistance as SEC vs. Ripple lawsuit likely to enter final pretrial conference
XRP is struggling with resistance at $0.50 as Ripple and the US Securities and Exchange Commission (SEC) are gearing up for the final pretrial conference on Tuesday at a New York court.
US outperformance continues
The economic divergence between the US and the rest of the world has become increasingly pronounced. The latest US inflation prints highlight that underlying inflation pressures seemingly remain stickier than in most other parts of the world supported by a strong US labour market.