BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.1275 -1.1290 on the upside, 1.1085-1.1100 on the downside.
AUDUSD: 0.7885-0.7900 on the upside, 0.7710- 0.7725 on the downside.
USDJPY: 120.45-120.60 on the upside, 118.10-118.25 on the downside.
GBPUSD: 1.5505-1.5520 on the upside, 1.5220-1.5235 on the downside.
USDCAD: 1.2660-1.2675 on the upside, 1.2345-1.2360 on the downside.
NZDUSD: 0.7620-0.7635 on the upside, 0.7420 - 0.7435 on the downside.
EURJPY: 135.20-135.35 on the upside, 132.35-132.50 on the downside.
EURGBP: 0.7315-0.7330 on the upside, 0.7180-0.7195 on the downside.
XAUUSD: 1220.00-1230.00 on the upside, 1170.00-1180.0 on the downside.
BRENT: 63.00-64.00 on the upside, 57.00-58.000 on the downside.
SP500: 2120.00-2130.00 on the upside, 2075.00-2085.00 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 gains momentum above 0.6500 ahead of Australian Retail Sales data
AUD/USD trades in positive territory for six consecutive days around 0.6535 during the early Asian session on Monday. The upward momentum of the pair is bolstered by the hawkish stance from the Reserve Bank of Australia after the recent release of Consumer Price Index inflation data last week.
EUR/USD: Federal Reserve and Nonfarm Payrolls spell action this week
The EUR/USD pair temporarily reconquered the 1.0700 threshold last week, settling at around that round level. The US Dollar lost its appeal following discouraging United States macroeconomic data indicating tepid growth and persistent inflationary pressures.
Gold trades on a softer note below $2,350 on hotter-than-expected US inflation data
Gold price trades on a softer note near $2,335 on Monday during the early Asian session. The recent US economic data showed that US inflationary pressures staying firm, which has added further to market doubts about near-term US Federal Reserve rate cuts.
These cryptocurrencies could face selling pressure according to an analyst: STRK, ENA, OMNI, JUP, ONDO
Thor Hartvigsen, investor at Heartcore Capital and a crypto analyst has identified a list of cryptocurrencies that are expected to see a massive increase in their supply. Typically, an increase in selling pressure negatively impacts an asset’s price.
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.