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, 1.0835-1.0850 on the downside
AUDUSD: 0.7495-0.7510 on the upside, 0.7350-0.7365 on the downside.
USDJPY: 124.25-124.40 on the upside, 118.95-119.10 on the downside
GBPUSD: 1.5645-1.5660 on the upside, 1.5255-1.5270 on the downside..
USDCAD: 1.2865-1.2880 on the upside, 1.2660-1.2675 on the downside.
NZDUSD: 0.6770-0.6785 on the upside, 0.6555 - 0.6570 on the downside.
EURJPY: 137.80 -137.95 on the upside, 134.55-134.70 on the downside.
EURGBP: 0.7275-0.7290 on the upside, 0.6980-0.6995 on the downside.
XAUUSD: 1170.00-1180.00 on the upside, 1130.00-1140.0 on the downside.
BRENT: 59.50-60.50 on the upside, 53.50-54.50 on the downside.
SP500: 2115.00-2125.00 on the upside, 2040.00-2050.00 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 remains firm above 0.6600 ahead of RBA
AUD/USD maintains its bullish bias well and sound on Monday, extending the multi-session recovery past the 0.6600 barrier ahead of the key interest rate decision by the RBA.
EUR/USD keeps the constructive tone near 1.0800
EUR/USD started the week in a positive note amidst the Dollar’s inconclusive price action, altogether motivating the pair to attempt a move to the proximity of the 1.0800 region, where the 200-day SMA also converges.
Gold holds on to modest gains around $2,320
Gold trades decisively higher on the day above $2,320 in the American session. Retreating US Treasury bond yields after weaker-than-expected US employment data and escalating geopolitical tensions help XAU/USD stretch higher.
Bitcoin price holds above $63K as MicroStrategy tops BTC ownership list
Bitcoin (BTC) price recorded a rather bold two days this past weekend in a surge that saw millions in positions liquidated. However, the week is off to a calm start with altcoins sucking liquidity from the BTC market.
Stagflation warning: Service economy contracts as prices rise
In another stagflation warning sign, the U.S. service sector contracted in April even as service prices rose. The Institute for Supply Management's non-manufacturing PMI dropped to 49.4 in April, dipping from 51.4 in March.