Gold reached a low of $1,313 in today's early hours and is currently trading at $1,318. The precious metal is at support for a second time since last week and if this level holds we might see Gold going to $1,400. Milestones until then: $1,335; $1,350; 1,375.
Rosen's Daily
- Thread starter rosentray
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EUR/USD looks a bit uplifted in today's early hours of the European session. The pair reached a high of 1.1020 and is currently trading at 1.1011. Main trend on the short-term is bullish. Scheduled for later today is the US Consumer Confidence that may create volatility in the pair.
USD/JPY reached minor resistance in today's early hours at 106.54 and is now trading at 105.62. The pair is in a long-term downtrend with major bear target at 98. Before that milestones are seen at 103 and 100.50. On the other hand, major bull target is to break above 108.00.
Gold reached a high of $1,342 after the FED did not touch the rate. The precious metal found support at $1,311 and since then it has been trading to the upside. First and minor support is seen at $1,324, while first resistance is seen at $1,347.
The EUR/USD is trading somewhat unchanged compared to yesterday's level. The pair is now 1.1094. In a bit more than an hour we have scheduled the EU GDP (YoY). This may create volatility and if it's positive, we might see price going above 1.1130.
The EUR/USD is trading higher since Wednesday last week when the FED decided not to raise the interest rate. The pair went from 1.0961 to a high of 1.1197 in less than three days. today the pair is trading at 1.1175 as the trend is looking slightly exhausted.
The EUR/USD is holding steady for it's highest gains since Wednesday last week. The pair reached a high of 1.1197 last week and is now trading at 1.1185. Bulls are not ready to give up as they are facing a strong resistance at current market price. If we get a break and a close above 1.12 then we might be in for a good bull rally.
USD/JPY is trading at minor support at 102.20. The pair reacted from touching resistance at 107.50 and started falling till it made a low of 101.97. Earlier this morning, the price was 102 and bulls reacted quickly to the opportunity boosting price to the upside and reaching 102.28. Major support is 101.65.
The EUR/USD is trading somewhat lower in today's session after yesterday's high of 1.1233. The pair is now 1.1211. No fundamentals are expected today. On Friday, however, the NFP and unemployment will be the most anticipated event of the month.
Gold is trading at resistance at current market price of $1,364. The precious metal needs to close above $1,375 in order for a bull run to be confirmed. On the other hand, if bears are able to keep the price below $1,365, a change in trend is probable.
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