Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 09:00 GMT):
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EURUSD: 1.1330-1.1345 on the upside, 1.1165-1.1180 on the downside.
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AUDUSD: 0.7750 -0.7765 on the upside, 0.7510-0.7525 on the downside.
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USDJPY: 110.55-110.70 on the upside, 107.25 -107.40 on the downside.
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GBPUSD: 1.4245 -1.4260 on the upside, 1.4045-1.4060 on the downside.
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USDCAD: 1.3145-1.3160 on the upside, 1.2650 -1.2665 on the downside.
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NZDUSD: 0.6960-0.6975 on the upside, 0.6735 – 0.6750 on the downside.
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EURJPY: 124.40 -124.55 on the upside, 120.45-120.60 on the downside.
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EURGBP: 0.8035-0.8050 on the upside, 0.7865-0.7880 on the downside.
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XAUUSD:1275.00-1285.00 on the upside,1195.00-1205.00 on the downside.
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BRENT: 45.50- 46.50 on the upside, 37.00 -38.0 on the downside.
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SP500: 2100.00-2110.00 on the upside, 2010.00-2020.00 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
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Gold holds on to modest gains around $2,320
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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.