Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.3855-1.3870 on the upside, 1.3635-1.3650 on the downside.
AUDUSD: 0.9465-0.9480 on the upside, 0.9155-0.9170 on the downside.
USDJPY: 104.25-104.40 on the upside, 101.00-101.15 on the downside.
GBPUSD: 1.6850-1.6865 on the upside, 1.6415-1.6430 on the downside.
USDCAD: 1.1030-1.1045 on the upside, 1.0865-1.0880 on the downside.
NZDUSD: 0.8740-0.8755 on the upside, 0.8510-0.8525 on the downside.
EURJPY: 142.55-142.70 on the upside, 139.65-139.80 on the downside.
EURGBP: 0.8305-0.8320 on the upside, 0.8175-0.8190 on the downside.
XAUUSD: 1325.00-1335.00 on the upside, 1270.00-1280.00 on the downside.
BRENT: 109.00-110.00 on the upside, 103.00-104.00 on the downside.
SP500: 1915.00-1925.00 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.
Recommended Content
Editors’ Picks
AUD/USD weakens further as US Treasury yields boost US Dollar
The Australian Dollar extended its losses against the US Dollar for the second straight day, as higher US Treasury bond yields underpinned the Greenback. On Wednesday, the AUD/USD lost 0.26% as market participants turned risk-averse. As the Asian session begins, the pair trades around 0.6577.
EUR/USD stuck near midrange ahead of thin Thursday session
EUR/USD is reverting to the near-term mean, stuck near 1.0750 and stuck firmly in the week’s opening trading range. Markets will be on the lookout for speeches from ECB policymakers, but officials are broadly expected to avoid rocking the boat amidst holiday-constrained market flows.
Gold price drops amid higher US yields awaiting next week's US inflation
Gold remained at familiar levels on Wednesday, trading near $2,312 amid rising US Treasury yields and a strong US dollar. Traders await unemployment claims on Thursday, followed by Friday's University of Michigan Consumer Sentiment survey.
President Biden threatens crypto with possible veto of Bitcoin custody among trusted custodians
Joe Biden could veto legislation that would allow regulated financial institutions to custody Bitcoin and crypto. Biden administration’s stance would disrupt US SEC’s work to protect crypto market investors and efforts to safeguard broader financial system.
US inflation data in the market purview
With next week's pivotal US inflation data looming, we're witnessing a stall in stock market momentum and an uptick in US Treasury yields. This shift comes amid murmurs of hawkish sentiment from Fed speak. Indeed the mind games intensify even further as investors cling to their rate cut hopes.