Rosen's Daily Commentary

[rosentray]

Gold is back below $1,350 in today's early trading hours. The precious metal reacted bullishly to the rise in EUR/USD and reached a high of $1,356. Currently, Gold is at $1,347.

 

[rosentray]

The EUR/USD is trading slightly higher in today's session. The pair reached a high of 1.1314 and is now 1.1308.

 

[rosentray]

Gold reached support at $1,331 and climbed back up to current market price of $1,337. The precious metal visited the $1,330 zone for a third time this month and was again unable to break below it. Range trading between #1,330 and $1,360 until one of the parties decides it's time to take over.

 

[rosentray]

EUR/USD is trading lower in today's session after going steadily up for the last few days. The pair made a high of 1.1355 and then succumbed to a bottom of 1.1310. First support is seen at 1.13, while first resistance is the last high of 1.1355.

 

[rosentray]

Silver is currently trading at 18.90 after making a high of 19.11 in today's session. The metal has a lot to give still as it made a high of 21.13 and then started a correction with a bottom of 18.70.

 

[rosentray]

EUR/USD had a down day yesterday that transferred the momentum into today's session. The pair made a low of 1.1287 and has since slightly recovered to currently trade at 1.1301. First bull target is 1.1350.

 

[rosentray]

GBP/JPY is going steady on its way up after making a bottom at 129.24. The pair is now trading at 132.38. First resistance is seen at 132.55. First support is seen at 130.00.

 

[rosentray]

The EUR/USD is trading close to unchanged since yesterday's session. Price is now 1.1272 which is slightly above first support at 1.1260 suggesting that a move to the upside is probable.

 

[rosentray]

GBP/JPY is trading slightly down in today's session. The pair went above 133 yesterday and is currently trading at 132.70. If this is the revival of the Sterling then we shall see more of the upside move until the end of the week.

 

[rosentray]

EUR/USD is trading steadily slightly above 1.13 in today's early european hours. The pair is anticipating the US data scheduled for later today: US GDP and Fed Chair Janet Yellen's speech.