Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.1670 -1.1685 on the upside, 1.1135-1.1150 on the downside.
AUDUSD: 0.7430-0.7445 on the upside, 0.7080-0.7095 on the downside.
USDJPY: 125.30-125.45 on the upside, 115.75 -115.90 on the downside.
GBPUSD: 1.5855-1.5870 on the upside, 1.5595-1.5610 on the downside.
USDCAD: 1.3380-1.3395 on the upside, 1.2980-1.2995 on the downside.
NZDUSD: 0.6735-0.6750 on the upside, 0.6355 - 0.6370 on the downside.
EURJPY: 139.70 -139.85 on the upside, 137.05-137.20 on the downside.
EURGBP: 0.7465-0.7480 on the upside, 0.7005-0.7020 on the downside.
XAUUSD: 1180.00-1190.00 on the upside, 1080.00-1090.00 on the downside.
BRENT: 52.00-53.00 on the upside, 39.50-40.50 on the downside.
SP500: 2250.00-2260.00 on the upside, 1890.00-1900.00 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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Editors’ Picks
EUR/USD remains on the defensive near 1.0680 on Dollar strength
The solid performance of the Greenback keeps the price action in the risk-associated universe depressed so far on turnaround Tuesday, sending EUR/USD to multi-day lows in the 1.0680 region.
GBP/USD declines toward 1.2500 on renewed USD strength
GBP/USD turned south and dropped toward 1.2500 in the second half of the day. The US Dollar stays resilient against its rivals following the strong wage inflation data and doesn't allow the pair to gain traction.
Gold stable below $2,300 despite mounting fears
Gold stays under selling pressure and confronts the $2,300 region on Tuesday against the backdrop of the resumption of the bullish trend in the Greenback and the decent bounce in US yields prior to the interest rate decision by the Fed on Wednesday.
XRP hovers above $0.51 as Ripple motion to strike new expert materials receives SEC response
Ripple (XRP) trades broadly sideways on Tuesday after closing above $0.51 on Monday as the payment firm’s legal battle against the US Securities and Exchange Commission (SEC) persists.
Eurozone inflation stable as the outlook on prices gets increasingly muddied
Eurozone headline inflation remains stable at 2.4%. With higher energy prices and improving domestic demand, questions about the direction of inflation become louder.