Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.1250-1.1265 on the upside, 1.1045-1.1060 on the downside.
AUDUSD: 0.7220-0.7235 on the upside, 0.7030-0.7045 on the downside.
USDJPY: 115.40-115.55 on the upside, 111.15-111.30 on the downside.
GBPUSD: 1.4595-1.4610 on the upside, 1.4150-1.4165 on the downside.
USDCAD: 1.3975-1.3990 the upside, 1.3685-1.3700 on the downside.
NZDUSD: 0.6720-0.6735 on the upside, 0.6465 - 0.6480 on the downside.
EURJPY: 128.70 -128.85 on the upside, 125.75 -125.90 on the downside.
EURGBP: 0.7910-0.7925 on the upside, 0.7620-0.7635 on the downside.
XAUUSD: 1270.00-1280.00 on the upside, 1160.00-1170.00 on the downside.
BRENT: 36.50-37.50 on the upside, 27.00-28.00 on the downside.
SP500: 1970.00-1980.00 on the upside, 1790.00-1800.00 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 above 1.0700 amid expectations of Fed refraining from further rate hikes
EUR/USD continues to gain ground on Thursday as the prevailing positive sentiment in the market provides support for risk-sensitive currencies like the Euro. This improved risk appetite could be attributed to dovish remarks from Federal Reserve Chairman Jerome Powell on Wednesday.
GBP/USD gains traction above 1.2500, Fed keeps rates steady
GBP/USD gains traction near 1.2535 during the early Thursday. The uptick of the major pair is supported by the sharp decline of the US Dollar after the US Federal Reserve left its interest rate unchanged.
Gold price struggles for a firm intraday direction, hover above $2,300
Gold price fails to lure buyers amid a fresh leg up in the US bond yields, modest USD uptick. A positive risk tone also contributes to capping the upside for the safe-haven precious metal. Traders, however, might prefer to wait for the US NFP report before placing aggressive bets.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
Fed meeting: The hawkish pivot that never was, and the massive surge in the Yen
The Fed’s latest meeting is over, and the tone was more dovish than expected, but that is because the rate hike hype in the US was over-egged, and rate cut hopes had been pared back too far in recent weeks.