Rosen's Daily Commentary

Silver has been trading to the downside for the past couple of week. The metal went from a multi year high of 20.80 to a low of 18.50 and is currently trading at 18.65. Commodity traders are expecting the news later today which release might cause volatility.
 
The EUR/USD suffered some pull back on Friday but the pair has mildly recovered in today's early opening hours. 1.1175 was the lowest for today and price reached a high of 1.1207. We're at a support so bulls might try to push price higher.
 
USD/JPY is having a bull run starting from 99.54 up until now when price is 102.34. The pair might try to reach first resistance at 103.50 and then 105.40.
 
EUR/USD is trading slightly up in today's session after it lost some 200 pips on Friday going from 1.1360 to 1.1155. Price is now 1.1173 and may consolidate until Friday's NFP data.
 
Gold is trading in the range between $1,315 and $1,325. The precious metal has been consolidating since last week when price dropped from $1,350 to $1,318. Gold bugs are anticipating the US data on Friday, so price consolidation is expected to continue until then.
 
EUR/USD is trading to the downside in today's session after failing to break above the resistance on the short-term at 1.12. The pair is now 1.1141 and with the predominantly bullish expectations of the US dollar, the pair might be in for a steady ride South.
 
USD/JPY is in a bull run for the past couple of weeks going from 99.54 to a high of 103.30. The pair is now 103.18 and it appears that the strong bullish momentum will have to break resistance at 103.40 if bulls want to continue North.
 
EUR/USD is pressured by the USD bulls. At the same time, EUR bulls are trying to hold it above key support at 1.1120. The pair is now 1.11485 and might start to consolidate ahead of key report tomorrow. The NFP and jobs report will create volatility and probably give direction to where the pair might go.
 
NZD/CAD reached resistance for a sixth time today. The pair has been in an uptrend since April this year and as it looks we might get a break above 0.96 which would be an early indicator of the continuation of the bull run.
 
The EUR/USD is trading higher since yesterday evening, The pair reached a bit above 1.12 and is now 1.1196. The pair is consolidating before the key report scheduled for later today.
 
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