Rosen's Daily

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.

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.

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.

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.

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.

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.

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.