BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.0655-1.0670 on the upside, 1.0525-1.0540 on the downside.
AUDUSD: 0.7370-0.7385 on the upside, 0.7155-0.7170 on the downside.
USDJPY: 123.85-124.00 on the upside, 121.90 -122.05 on the downside.
GBPUSD: 1.5215 -1.5230 on the upside, 1.4895-1.4810 on the downside.
USDCAD: 1.3415-1.3430 on the upside, 1.3230-1.3245 on the downside.
NZDUSD: 0.6700-0.6715 on the upside, 0.6475 - 0.6490 on the downside.
EURJPY: 131.35 -131.50 on the upside, 128.80-128.95 on the downside.
EURGBP: 0.7155-0.7170 on the upside, 0.6960-0.6975 on the downside.
XAUUSD: 1085.00-1095.00 on the upside, 1025.00-1035.00 on the downside.
BRENT: 46.00-47.00 on the upside, 40.50 -41.50 on the downside.
SP500: 2115.00-2125.00 on the upside, 2050.00-2060.00 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 under pressure from RBA rate decision
AUD/USD spiked lower by more than 20 pips following the RBA rate announcement to test the key psychological support at 0.6600. Losing this key level could see the currency pair trek lower towards the 100-hour EMA support near 0.6580.
EUR/USD edges lower to near 1.0750 due to the upward correction in the US Dollar
EUR/USD snaps its four-day winning streak, trading around 1.0760 during the Asian hours on Tuesday. However, the Euro found support from higher-than-expected Eurozone Purchasing Managers Index data released on Monday.
Gold price extends its upside as markets react to downbeat jobs data
Gold price extends its recovery on Tuesday. The uptick of the yellow metal is bolstered by the weaker US dollar after recent US Nonfarm Payrolls (NFP) data boosted bets that the Federal Reserve would cut interest rates later this year.
Bitcoin miner Marathon Digital stock gains ground after listing by S&P Global
Following Bitcoin miner Marathon Digital's inclusion as an upcoming member of the S&P SmallCap 600, the company's stock received an 18% boost, accompanied by an $800 million rise in market cap.
The impact of economic indicators and global dynamics on the US Dollar
Recent labor market data suggest a cooling economy. The disappointing job creation and rising unemployment hint at a slackening demand for labor, which, coupled with subdued wage growth, could signal a slower economic trajectory.