Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.3820 -1.3835 on the upside, 1.3660-1.3675 on the downside.
AUDUSD: 0.9140-0.9155 on the upside, 0.8915-0.8930 on the downside.
USDJPY: 102.85-103.00 on the upside, 101.55-101.70 on the downside.
GBPUSD: 1.6535-1.6550 on the upside, 1.6435-1.6450 on the downside.
USDCAD: 1.1280-1.1295 on the upside, 1.1080-1.1095 on the downside.
NZDUSD: 0.8565-0.8580 on the upside, 0.8435 – 0.8450 on the downside.
EURJPY: 141.75-141.90 on the upside, 140.10-140.25 on the downside.
EURGBP: 0.8385-0.8400 on the upside, 0.8230-0.8245 on the downside.
XAUUSD: 1350.00-1360.00 on the upside, 1305.00-1315.00 on the downside.
BRENT: 108.00-109.00 on the upside, 104.00-105.00 on the downside.
SP500: 1885.00-1895.00 on the upside, 1830.00-1840.00 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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AUD/USD regains the constructive outlook above the 200-day SMA
AUD/USD advanced strongly for the second session in a row, this time extending the recovery to the upper 0.6500s and shifting its focus to the weekly highs in the 0.6580-0.6585 band, an area coincident with the 100-day SMA.
EUR/USD keeps the bullish performance above 1.0700
The continuation of the sell-off in the Greenback in the wake of the FOMC gathering helped EUR/USD extend its bounce off Wednesday’s lows near 1.0650, advancing past the 1.0700 hurdle ahead of the crucial release of US NFP on Friday.
Gold stuck around $2,300 as market players lack directional conviction
Gold extended its daily slide and dropped below $2,290 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield erased its daily losses after US data, causing XAU/USD to stretch lower ahead of Friday's US jobs data.
Bitcoin price rises 5% as BlackRock anticipates a new wave of capital inflows into BTC ETFs from investors
Bitcoin (BTC) price slid to the depths of $56,552 on Wednesday as the cryptocurrency market tried to front run the Federal Open Market Committee (FOMC) meeting. The flash crash saw millions in positions get liquidated.
FOMC in the rear-view mirror – NFP eyed
The update from May’s FOMC rate announcement proved more dovish than expected, which naturally weighed on the US dollar (sending the DXY to lows of 105.44) and US yields, as well as, initially at least, underpinning major US equity indices.