Dzhafer Medzhakhed
Chifbaw LLC
BETA - Propareos levels (areas where probabilities of price action reversal or saturation reach 90%; valid till 15:00 GMT):
EURUSD: 1.1015-1.1030 on the upside, 1.0770-1.0785 on the downside.
AUDUSD: 0.7290-0.7305 on the upside, 0.7085-0.7100 on the downside.
USDJPY: 123.50-123.65 on the upside, 119.40-119.55 on the downside.
GBPUSD: 1.5050-1.5065 on the upside, 1.4790-1.4805 on the downside.
USDCAD: 1.4090-1.4105 the upside, 1.3720- 1.3735 on the downside.
NZDUSD: 0.6875-0.6890 on the upside, 0.6630 - 0.6645 on the downside.
EURJPY: 133.15 -133.30 on the upside, 130.75 -130.90 on the downside.
EURGBP: 0.7375-0.7390 on the upside, 0.7060-0.7075 on the downside.
XAUUSD: 1105.00-1115.00 on the upside, 1035.00-1045.00 on the downside.
BRENT: 39.50-40.50 on the upside, 33.50-34.50 on the downside.
SP500: 2105.00-2115.00 on the upside, 1965.00-1975.00 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
AUD/USD: The hunt for the 0.7000 hurdle
AUD/USD quickly left behind Wednesday’s strong pullback and rose markedly past the 0.6900 barrier on Thursday, boosted by news of fresh stimulus in China as well as renewed weakness in the US Dollar.
EUR/USD refocuses its attention to 1.1200 and above
Rising appetite for the risk-associated assets, the offered stance in the Greenback and Chinese stimulus all contributed to the resurgence of the upside momentum in EUR/USD, which managed to retest the 1.1190 zone on Thursday.
Gold holding at higher ground at around $2,670
Gold breaks to new high of $2,673 on Thursday. Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.
Bitcoin displays bullish signals amid supportive macroeconomic developments and growing institutional demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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