BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.0995-1.1010 on the upside, 1.0790-1.0805 on the downside.
AUDUSD: 0.7140 -0.7155 on the upside, 0.6965-0.6980 on the downside.
USDJPY: 121.25-121.40 on the upside, 117.50 -117.65 on the downside.
GBPUSD: 1.4455 -1.4470 on the upside, 1.4150-1.4165 on the downside.
USDCAD: 1.4190-1.4205 on the upside, 1.3935-1.3950 on the downside.
NZDUSD: 0.6565-0.6570 on the upside, 0.6350 - 065 on the downside.
EURJPY: 132.30 -132.45 on the upside, 127.30-127.45 on the downside.
EURGBP: 0.7680-0.7690 on the upside, 0.7525-0.75400 on the downside.
XAUUSD: 1135.00-1145.00 on the upside, 1080.00-1090.00 on the downside.
BRENT: 38.00-39.00 on the upside, 28.00 -29.00 on the downside.
SP500: 1940.00-1950.00 on the upside, 1855.00-1865.00 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
USD/JPY rebounds firmly to 150.00 on the expected BoJ rate hike
USD/JPY rallied to test 150.00, as the Japanese Yen tumbled amid a classic 'sell the fact' trading on the hawkish BoJ decision. The BoJ lifted the interest rate by 10 basis points (bps) from -0.1% to 0% for the first time since 2007 and abandoned the YCC framework.
AUD/USD drops toward 0.6500 after RBA's steady policy
AUD/USD is extending losses toward 0.6500 in Asian trading on Tuesday. The Aussie Dollar remains offered after the Reserve Bank of Australia extended the pause while markets digest the less hawkish policy statement ahead of Governor Bullock's press conference.
Gold price flat-lines above one-week low, awaits the crucial Fed decision on Wednesday
Gold price oscillates in a range and is influenced by a combination of diverging forces. Hawkish Fed expectations, elevated US bond yields and a bullish USD cap the upside. Geopolitical risks lend some support to the XAU/USD ahead of the key FOMC meeting.
Bitcoin price shows weakness, but new BTC whales have created solid support at $56,400
Bitcoin price downside momentum continues to gain strength, giving sidelined and late bulls a chance to buy the dip. The market remains focussed on the oncoming halving, expected to kick off the next bull cycle. For the meantime, however, spot BTC ETFs remain the main play in the market.
Lots of tension ahead of this week's Fed decision
Last week, we got a strong round of US economic data accompanied by hotter US inflation reads. The takeaway of course is that there might be a lot more pressure on the Fed to be looking to scale back its rate cut outlook at this week’s meeting.