Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.3785 -1.3800 on the upside, 1.3650-1.3665 on the downside.
AUDUSD: 0.9310-0.9325 on the upside, 0.9180-0.9195 on the downside.
USDJPY: 102.85-103.00 on the upside, 101.45-101.60 on the downside.
GBPUSD: 1.6695-1.6710 on the upside, 1.6455-1.6470 on the downside.
USDCAD: 1.1230-1.1245 on the upside, 1.0860-1.0875 on the downside.
NZDUSD: 0.8770-0.8785 on the upside, 0.8515 – 0.8530 on the downside.
EURJPY: 141.75-141.90 on the upside, 139.55-139.70 on the downside.
EURGBP: 0.8380-0.8395 on the upside, 0.8200-0.8215 on the downside.
XAUUSD: 1320.00-1330.00 on the upside, 1270.00-1280.00 on the downside.
BRENT: 109.00-110.00 on the upside, 105.00-106.00 on the downside.
SP500: 1890.00-1900.00 on the upside, 1810.00-1820.00 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 edges lower to near 1.0750 after hawkish remarks from a Fed official
EUR/USD extends its losses for the second successive session, trading around 1.0750 during the Asian session on Wednesday. The US Dollar gains ground due to the expectations of the Federal Reserve’s prolonging higher interest rates.
GBP/USD hovers around 1.2500 on the stronger US Dollar, focus on BoE rate decision
The GBP/USD pair trades on a softer note around 1.2500 on Wednesday during the Asian session. The USD Index recovers modestly to 105.40, which drags the major pair lower. Investors focus on the upcoming Bank of England's monetary policy meeting.
Gold price recovers its recent losses, despite a firmer US Dollar
Gold price attracts some buyers during the Asian trading hours on Wednesday. Safe-haven demand, fueled by geopolitical tensions and uncertainty, as well as ongoing central bank purchases, might contribute to a rally in gold.
Ethereum resume sideways move as Grayscale files to withdraw Ethereum futures ETF application with the SEC
Ethereum is hinting at a resumption of a sideways movement on Tuesday after seeing inflows for the first time in seven weeks. Grayscale withdrew its application for an Ethereum futures ETF, and the SEC’s Chair Gary Gensler has also called most crypto assets securities.
No obvious macro catalysts to steer the bus
The US data calendar remains relatively light, with initial jobless claims and the University of Michigan survey being the key focus. However, these releases may not provide a significant catalyst for the next directional move in the US Dollar.