EUR/USD is slightly up since yesterday’s FOMC meeting when it became clear that the Fed is not raising rates this month. Market participants were not surprised by the decision so the market environment did not change much. CMP: 1.1234.
Gold is trading higher today after the Fed decided to leave rates unchanged. The precious metal reached a high of $1,337 and is currently trading at $1,334. First resistance is seen at $1,346.
EUR/USD is trading met resistance in the face of 1.1250 and then pulled back to lower levels. The pair is now 1.1212 and bulls need to try once more if they want to get to next target at 1.1310. On the other hand, bears need to stay in the descending channel if they want to continue being in the driver’s seat.
Gold continues to trade to the upside since the FED decision to leave rates unchanged. The precious metal is now $1,338 and it appears it will keep pushing higher.
GBP/USD is already trading lower since opening. The pair opened at 1.2986 and made a low of 1.2969. GBP/USD is not 1.2973 and is close to revisiting support at 1.2940.
EUR/USD is trading slightly lower today opening at 1.1241 and currently trading at 1.1229. The pair might attempt to visit the resistance level at 1.13 and if that happens bears will probably make a move to depreciate price to lower levels. If not, bulls need to go above 1.1340 to confirm a breakout from the descending trend channel.
EUR/USD is trading lower after the Presidential debate hosted yesterday. The pair went from 1.1280 to a low of 1.1239 on talks about rising incomes, bringing back jobs and economy growth. Current market price 1.1244.
Gold is consolidating around $1,335. The precious metal has been trading in the range between $1,332 and $1,340 for the past couple of weeks. It seems that a breakout in either directions would drive market participants to bet heavily toward the direction of the trend.
EUR/USD is trading in the red so far today with price making a low of 1.1182 only to quickly recover and go back above 1.12. Price is now 1.1210 and bulls need to go above 1.1280 in order for them to accumulate momentum and push higher.
Gold tumbled down today to a low of $1,322 and is now trading slightly higher at $1,325. The precious metal was trading at a high of $1,342 on Monday and has been depreciating since then. First support is seen at $1,316, while first resistance is $1,340.
USD/JPY is trading higher due to lower than expected Japan data. The pair went from a low of 100.10 to a high of 101.75. Main trend continues to remain bearish. Have in mind the JPY National Consumer Price Index for tomorrow.
EUR/USD is trading in the range of 1.1250 and 1.1200. The pair is caught in consolidation due to mixed signals from both parties. In less than 30 mins we have important EU data that may create volatility in the pair.
EUR/USD continues to gravitate towards the 1.1220 level. The pair made a high of 1.1285 in the beginning of the week and since then it has been caught in the range of 1.1250 and 1.1200.
Gold has been trading in a tightening range since it made a high of $1,374. The precious metal has been bearish since then forming a zigzag movement going to highs and lows creating a decent bearish channel. Current market price $1,323.
EUR/USD is trading in consolidation today as the pair seems to gravitate towards the 1.1230 level. Light volumes usually indicate that a move is either over or just accumulating new force to keep pushing in the same direction. First bull target 1.1280.
GBP/USD made a new low today at 1.2845. The pair is now trading at 1.2876 and seems close to reaching the 30-year low at 1.2795.
EUR/USD is trading lower today after yesterday’s loss. The pair continues its move down making a low of 1.1190. It appears that bears are regaining control over the pair. First bear target can be expected at 1.1152. First resistance can be expected at 1.1242.
Gold has traded down since last week when its price was near to $1,345. The precious metal continues to depreciate and it seems that Gold is losing momentum and fast. Gold has passed the support line on the long-term at $1,313. Current market price: $1,311.
Calm day so far for the EUR/USD. The pair has been trading in a range of 1.1220-1.1200 as there isn’t anything strong enough to motivate either of the camps. We have been gliding on the resistance level for a several days now and this might be an indicator that a move down is probable.
Gold witnessed a massive sell off yesterday going from $1,312 to $1,267. The precious metal is now very vulnerable to bearish attacks and if we break the $1,255 level today this would invalidate a potential bullish move this week.