Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.3420-1.3435 on the upside, 1.3290-1.3305 on the downside.
AUDUSD: 0.9115-0.9130 on the upside, 0.8850-0.8865 on the downside.
USDJPY: 99.40-99.55 on the upside, 97.00-97.15 on the downside.
GBPUSD: 1.5630-1.5645 on the upside, 1.5445-1.5460 on the downside.
USDCAD: 1.0560-1.0575 on the upside, 1.0430-1.0445 on the downside.
NZDUSD: 0.7930-0.7945 on the upside, 0.7700- 0.7715 on the downside.
EURJPY: 132.65-132.80 on the upside, 129.25-129.40 on the downside.
EURGBP: 0.8625-0.8640 on the upside, 0.8550-0.8565 on the downside.
USDCHF: 0.9260-0.9275 on the upside, 0.9170-0.9185 on the downside.
AUDJPY: 90.60-90.75 on the upside, 86.80-86.95 on the downside.
EURAUD: 1.4980-1.4995 on the upside, 1.4710-1.4725 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 heavy below 1.0550 as focus shifts to US ISM PMI
EUR/USD remians under heavy selling pressure below 1.0550 in early European session on Monday. The pair is dragged down by dovish ECB-speak and a firmer US Dollar following Trump tariffs threat on BRICS-fuelled flight to safety. Investors now look forward to US ISM Manufacturing PMI data due later in the day.
GBP/USD holds losses near 1.2700 on stronger US Dollar
GBP/USD consolidates losses near 1.2700 early Monday, reversing a major part of Friday's positive move. The slide is sponsored by a goodish pickup in the haven demand for the US Dollar, as traders remain wary over the latest Trump tariffs threat on BRICS nations. US ISM PMI is next in focus.
Gold price remains heavily offered amid renewed USD buying interest
Gold price meets with heavy supply on Monday and snaps a four-day winning streak. Rebounding US bond yields help revive the USD demand and weigh on the commodity. Trade war concerns and geopolitical risks do little to lend support to the XAU/USD.
Bitcoin consolidates while ETH, XRP rallies
Bitcoin consolidated on Monday following its recovery from last week's pullback. At the same time, Ethereum and Ripple extended their rallies, driven by investors reallocating capital from BTC to altcoins, signaling the potential for continued upward momentum.
Eurozone PMI sounds the alarm about growth once more
The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the eurozone. Hard data has actually come in better than expected recently – so ahead of the December meeting, the ECB has to figure out whether this is the PMI crying wolf or whether it should take this signal seriously. We think it’s the latter.
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