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.
Gold fell below $1,200 for the first time since April and is now trading above the psychological level at $1,1207. High of the day is $1,210. First support is seen at $1,200 while first resistance is seen at $1,212.
The EUR/USD is having a tough time today consolidating towards the level of 1.1150. Low volumes are a sign of tension building so you might want to be careful in the coming days as a sharp move might be coming.
The USD/JPY is faced with resistance as bulls have to take over the 111.40 level in order for the bullish trend to continue. Until then, bears might attempt to bring price down below 110 and then even lower.
Gold is slightly to unchanged in today’s session after going below $1,199 yesterday morning. Market sentiment continues to be bearish with improving US economy that might boost the US dollar further.
GBP/USD is in a high volatility situation today after making a high of 1.4729 and a low of 1.4568. GBP/USD is currently trading at 1.4643 as bears and bulls are having a fight who is going to bid more. Until one of the two levels is broken, it is best to stay neutral.
The EUR/USD marks a somewhat positive day today up about 30 pips to currently trade at 1.1160. Market sentiment remains to be bearish with the latest commentary from FED Chair Janet Yellen to raise rates gradually. First resistance is seen at 1.12, first support is seen at 1.11.
The USD/CAD is trading slightly to the upside in today’s session. The pair reached a high of 1.3130 and now bulls are faced with the challenge to beat the last high of 1.3195.
Gold is seeing low volume trading gravitating around $1,213. Bulls need to break the lofty target of $1,230 in order for market participants to begin changing their sentiment.
GBP/JPY made a high of 164 yesterday and in two days only it lost about 600 pips. The pair is currently trading at 157.80 and it seems the downfall has more potential.
USD/CAD made a new low today going to 1.2805. Only in a matter of two days the price went down 400 pips from 1.3198 to current low. Below 1.28 further downside trading could be expected.
EUR/USD is trading relatively stable in today’s session even after Yellen’s speech about the latest jobs report and current economy state. Price is now 1.1370 with first resistance at 1.14.
EUR/USD is trading lower today after the speech of FED’s Yellen. Key remarks highlighted in her talk were the strengths of the US economy and the reason for such a low jobs report. She emphasized how traders and investors should not overreact to a single report. This appers to have worked, as the US dollar is stronger today.
USD/JPY recovered quickly after a low of 106.50 made on Friday. The pair reached 107.90 earlier today and is not trading at 107.53. Should we see a break above 108 we can expect further continuation of the uptrend movement.
EUR/USD is trading higher today due to lack of fresh news and the reaction of the latest jobs report. Price is currently 1.1371 and market sentiment on the short term is bullish.
USD/CAD posts new losses today and is about to end another session in the red. First support zone remains 1.27. Below 1.2650 we might see further sell off. If 1.27 holds the price, then we are in for another bull run.
The EUR/USD lost around 100 pips in today’s session. Traders and investors were drawn again in the US dollar and the pair marked a low of 1.1306. Main trend on the short-term is yet to be determined.
Gold climbed to above $1,265 in today’s session after giving back some $5. Traders and investors saw this as an opportunity to buy the dip and Gold keeps getting higher and higher.
USD/CAD marks a somehow positive day after yesterday’s low of 1.2654. Price is now 1.2734 with a high of 1.2766. Good support zone is 1.27.
USD/JPY kept depreciating today after the effect of technicals. Bears saw an opportunity to sell the market close to 111 and price is now 106.55. There is a chance of a double bottom at 105.54.