Rosen's Daily

[rosentray]

Gold is trading some $13 higher since the opening of the trading session. The precious metal reached a high of $1,283 and is currently $1,282.

 

[rosentray]

Oil made a new high today at 47.11 and is currently trading at 47.05 Bulls were able to make an 8-month high which suggests that price may make a correction. First bull target 48.33.

 

[rosentray]

USD/JPY is trading in consolidation with current price 108.76. The pair reached a multi-year low a few days back and bulls took control over the situation pushing price to a high of 109.53. First bull target is to close above 110.

 

[rosentray]

EUR/USD is trading at 13.36, slightly changed from yesterday's levels. Traders and investors are expecting tomorrow's FOMC Meeting so low volatility can be expected.

 

[rosentray]

Gold is gravitating towards the $1,275 level currently being range bound between $1,270 and $1,280. Price is yet to pick a direction, so a break to either sides could indicate a potential trend on the short-term.

 

[rosentray]

EUR/USD is trading lower today after the release of the FOMC Minutes. Traders and investors boosted the US dollar, continuing the short-term bearish trend. Current market price 1.1200.

 

[rosentray]

Gold lost more than 2% since the release of the FOMC Minutes yesterday. The precious metal is currently trading at support and if we could get a break below $1,250 this would indicate that bears are ready to attempt to take price further down to $1,230.

 

[rosentray]

GBP/USD is trading higher due to upbeat UK data released this morning. Price reacted very positively to the latest data and went to 1.4657. However, it did not seem enough to keep the momentum and the pair is now trading a bit lower.

 

[rosentray]

USD/CAD made a new high today going above 1.31. The pair has been in an uptrend since the beginning of May and it looks like it will try to reach first resistance at 1.3150.

 

[rosentray]

The EUR/USD is trading close to the previous two days levels around 1.1210-1.1200. Main trend remains bearish on the short-term with immediate support at 1.1200 and first resistance at 1.1250.

 

[rosentray]

Gold is trading at $1,250. As it looks, it might attempt to break this level and go for $1,230. Watch for news that may cause volatility.

 

[rosentray]

The EUR/USD is trading lower today after a few days of consolidation around 1.12. Price is currently 1.1183 with a low of the day of 1.1168. First support is seen at 1.1150.

 

[rosentray]

GBP/AUD reacted strongly to the announcement of governor Glenn Stevens to cut rates. Price went from 2.0046 to 2.0396 in just a few hours. Currently it's around 2.0370 and first resistance is 2.0403.

 

[rosentray]

EUR/USD lost a bit more today due to continued selling pressure the Dollar bulls, who managed to push the price to 1.1130 but then the pair was able to climb to a current price of 1.1160.

 

[rosentray]

Gold went to $1,217 in today's session due to heavy bear pressure. The precious metal tried to go above $1,230 in the early trading hours but momentum came short and price retreated. Gold is currently trading at $1,224.

 

[rosentray]

EUR/USD rose despite somehow the positive US data announced earlier today. The pair reached 1.1216 and is currently trading at 1.1200 from a low of 1.1149. Main trend on the short-term remains bearish.

 

[rosentray]

Gold is trading relatively unchanged from yesterday's level gravitating towards $1,228. The precious metal made a high of $1,234 in the early hours and is now back to opening price. First support remains $1,220.

 

[rosentray]

EUR/USD is trading relatively unchanged from yesterday's level around 1.12. Price is now 1.1180 and it seems traders and investors are keeping low volume in anticipation of the latest US GDP data in less than four hours and then two hours later we have a speech from the FED Chair Janet Yellen.

 

[rosentray]

Gold is trading to the downside today going as low as $1,211 and currently priced at $1,1221. Have in mind that the latest US GDP data is scheduled for later today and that could create market volatility. Also, two hours after GDP data we have a speech from the FED Chair Janet Yellen.

 

[rosentray]

The EUR/USD fell below 1.11 in the early trading hours today and was quick to recover currently trading at 1.1137 close to the high of the day at 1.1143. After Yellen's statements that the FED is going to raise the interest rates gradually, market participants favored the US dollar causing a sell off in the pair.