Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
EURUSD: 1.0910-1.09255 on the upside, 1.0715-1.0730 on the downside.
AUDUSD: 0.7070 -0.7085 on the upside, 0.6870-0.6885 on the downside.
USDJPY: 119.25-119.40 on the upside, 116.90 -117.05 on the downside.
GBPUSD: 1.4330 -1.4345 on the upside, 1.4015-1.4030 on the downside.
USDCAD: 1.4375-1.4390 on the upside, 1.4020-1.4035 on the downside.
NZDUSD: 0.6565-0.6580 on the upside, 0.63205 - 0.6335 on the downside.
EURJPY: 129.25 -129.40 on the upside, 126.40 -126.55 on the downside.
EURGBP: 0.7755-0.7770 on the upside, 0.7475-0.7490 on the downside.
XAUUSD: 1120.00-1130.00 on the upside, 1070.00-1080.00 on the downside.
BRENT: 33.50-34.50 on the upside, 26.50 -27.50 on the downside.
SP500: 1930.00-1940.00 on the upside, 1830.00-1840.00 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 at around 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
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Gold fluctuates in narrow range above $2,300
Gold struggles to make a decisive move in either direction and moves sideways in a narrow channel above $2,300. The benchmark 10-year US Treasury bond yield clings to modest gains near 4.5% and limits XAU/USD's upside.
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Softer growth, cooler inflation and rate cuts remain on the horizon
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