Rosen's Daily

[rosentray]

GBP/CHF has been trading at support since the flash crash in the Sterling took place. The pair has been gravitating towards 1.20 level. If we get a break above 1.22 or below 1.18 this would indicate the future direction of the trend.

 

[rosentray]

EUR/USD is trading relatively unchanged from yesterday's levels gravitating towards 1.0970. Important news are scheduled for today that may impact the pair. First resistance is seen at 1.10, while first support is seen at 1.0940.

 

[rosentray]

Gold is trading higher in today's early hours making a high of $1,280. The precious metal has been in an uptrend for more than two weeks now and it appears that Gold bugs are ready to take it higher. First resistance is the $1,300 level.

 

[rosentray]

EUR/USD made a high of 1.1099 in the midst of market uncertainty. The US dollar appears to be losing strength over its competitors as December raise is becoming unlikely. Current market price: 1.1081.

 

[rosentray]

Gold is shining again as market uncertainty boosted prices to a high of $1,297. The precious metal has been consolidating for a month now and gained about $60 in a relatively short amount period of time. First resistance is $1,300.

 

[rosentray]

EUR/USD is trading lower today. It appears that the US dollar is losing ground, at least until tomorrow's NFP and Jobs report data. Current market price 1.1088 down from 1.1125.

 

[rosentray]

Gold lost some of yesterday's gains as the precious metal is now trading at $1,293, down from $1,307. It seems that Gold is backing up ahead of the US data scheduled for tomorrow. First support is seen at $1,275.

 

[rosentray]

EUR/USD is trading relatively unchanged today compared to yesterday's price. The pair has been caught in the range around 1.11. Market participants are anticipating the most important data of the month later today, namely the NFP's and Jobs report data.

 

[rosentray]

AUD/CAD is trading to the upside since mid September. The pair has been enjoying the bullish run backed by strong AU economy but it appears that looking at the short-term picture, the pair is overbought which might indicate a sell of with first support zone at 1.0230.

 

[rosentray]

EUR/USD is trading lower today ahead of the US Presidential Election. Gold and Silver lost some of their price as traders and investors are backing the Greenback. Current market price: 1.1041 EUR/USD.

 

[rosentray]

AUD/USD is trading at resistance. The pair made a high of 0.7708 and has depreciated since. Now price is 0.7691 and it appears that it would consolidate until the Election takes place tomorrow.

 

[rosentray]

EUR/USD is faced with a tough choice today as we just entered the US elections! The polls are now open and we will have a new President in less than 10 hours!

 

[rosentray]

Gold is trading lower this week ahead of the US election. The precious metal is now gravitating towards the $1,280 level as market participants are anticipating the results later today.

 

[rosentray]

EUR/USD is trading unchanged at the moment at 1.1112. The price skyrocketed to a high of 1.13 when the initial results predicted a Trump victory. Now that he is President-elect markets have digested the news and price is back to normal. A classic buy the rumor, sell the fact scenario.

 

[rosentray]

Gold went as high as $1,337 during the Election day and is now close to where it was pre-results time at around $1,300. It appears that markets are not surprised by the outcome of the US Election. Donald Trump is President-elect of the United States.

 

[rosentray]

EUR/USD kept depreciating today after yesterday's Election took the price below 1.10. The pair is now trading at 1.0894 as the USD is getting stronger by the day.

 

[rosentray]

Gold depreciated a lot today after yesterday's election boosted prices up to $1,337. Today gold is trading at $1,266. The precious metal does not have anything to support it as traders and investors are drawn to the Greenback.

 

[rosentray]

EUR/USD is keeping a steady pace today in anticipation of the Michigan Conference later today. Price is now 1.0885 and it appears that the USD is getting momentum.

 

[rosentray]

Gold kept depreciating today as investors keep fleeing to the US currency. The precious metal is now $1,257. Gold is now very weak and would need strong bullish news to get it back on track.

 

[rosentray]

EUR/USD is trading lower today after a major blow to the pair last week. The US bulls are confident in Trump's policy regarding economic growth and they are having a rally in the equity and currency market. CMP 1.0757.