BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.3855 -1.3870 on the upside, 1.3735-1.3750 on the downside.
AUDUSD: 0.9440-0.9455 on the upside, 0.9200-0.9215 on the downside.
USDJPY: 102.85-103.00 on the upside, 101.60-101.75 on the downside.
GBPUSD: 1.6875-1.6890 on the upside, 1.6715-1.6730 on the downside.
USDCAD: 1.1055-1.1070 on the upside, 1.0920-1.0935 on the downside.
NZDUSD: 0.8640-0.8655 on the upside, 0.8535 – 0.8550 on the downside.
EURJPY: 141.95-142.10 on the upside, 140.20-140.35 on the downside.
EURGBP: 0.8260-0.8275 on the upside, 0.8140-0.8155 on the downside.
XAUUSD: 1295.00-1305.00 on the upside, 1265.00-1275.00 on the downside.
BRENT: 110.00-111.00 on the upside, 106.00-107.00 on the downside.
SP500: 1915.00-1925.00 on the upside, 1775.00-1785.00 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 crashes toward 156.00, Japanese intervention in play?
Having briefly recaptured 160.00, USD/JPY came under intense selling and sank toward 156.00 on what seems like a Japanese FX intervention underway. The Yen tumbled in early trades amid news that Japan's PM lost 3 key seats in the by-election. Holiday-thinned trading exaggerates the USD/JPY price action.
AUD/USD rallies toward 0.6600 on risk flows, hawkish RBA expectations
AUD/USD extends gains toward 0.6600 in the Asian session on Monday. The Aussie pair is underpinned by increased bets of an RBA rate hike at its May policy meeting after the previous week's hot Australian CPI data. Risk flows also power the pair's upside.
Gold stays weak below $2,350 amid risk-on mood, firmer USD
Gold price trades on a softer note below $2,350 early Monday. The recent US economic data showed that US inflationary pressures stayed firm, supporting the US Dollar at the expense of Gold price. The upbeat mood also adds to the weight on the bright metal.
Ethereum fees drops to lowest level since October, ETH sustains above $3,200
Ethereum’s high transaction fees has been a sticky issue for the blockchain in the past. This led to Layer 2 chains and scaling solutions developing alternatives for users looking to transact at a lower cost.
Week ahead: Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.