Dzhafer Medzhakhed
Chifbaw LLC
BETA – Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.2610 -1.2625 on the upside, 1.2420-1.2435 on the downside.
AUDUSD: 0.8755-0.8770 on the upside, 0.8465-0.8480 on the downside.
USDJPY: 119.15-119.30 on the upside, 115.05-115.20 on the downside.
GBPUSD: 1.5790-1.5805 on the upside, 1.5520-1.5535 on the downside.
USDCAD: 1.1380-1.1395 on the upside, 1.1230-1.1245 on the downside.
NZDUSD: 0.8015-0.8030 on the upside, 0.7730 – 0.7745 on the downside.
EURJPY: 151.50-151.65 on the upside, 142.70-142.85 on the downside.
EURGBP: 0.8085-0.8100 on the upside, 0.7785-0.7800 on the downside.
XAUUSD: 1210.00-1220.00 on the upside, 1150.00-1160.00 on the downside.
BRENT: 82.00-83.00 on the upside, 76.00-77.00 on the downside.
SP500: 2060.00-2070.00 on the upside, 2000.00-2010.00 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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EUR/USD retreats to 1.0750, eyes on Fedspeak
EUR/USD stays under modest bearish pressure and trades slightly near 1.0750 on Wednesday. Hawkish comments from Fed officials help the US Dollar stay resilient and don't allow the pair to stage a rebound.
GBP/USD struggles to hold above 1.2500 ahead of Thursday's BoE event
GBP/USD stays on the back foot and trades in negative territory below 1.2500 after losing nearly 0.5% on Tuesday. The renewed US Dollar strength on hawkish Fed comments weighs on the pair as market focus shifts to the BoE's policy announcements on Thursday.
Gold fluctuates in narrow range below $2,320
After retreating to the $2,310 area early Wednesday, Gold regained its traction and rose toward $2,320. Hawkish tone of Fed policymakers help the US Treasury bond yields edge higher and make it difficult for XAU/USD to gather bullish momentum.
SEC vs. Ripple lawsuit sees redacted filing go public, XRP dips to $0.51
Ripple (XRP) dipped to $0.51 low on Wednesday, erasing its gains from earlier this week. The Securities and Exchange Commission (SEC) filing is now public, in its redacted version.
Softer growth, cooler inflation and rate cuts remain on the horizon
Economic growth in the US appears to be in solid shape. Although real GDP growth came in well below consensus expectations, the headline miss was mostly the result of larger-than-anticipated drags from trade and inventories.