Oil made a new high today at 47.11 and is currently trading at 47.05 Bulls were able to make an 8-month high which suggests that price may make a correction. First bull target 48.33.
USD/JPY is trading in consolidation with current price 108.76. The pair reached a multi-year low a few days back and bulls took control over the situation pushing price to a high of 109.53. First bull target is to close above 110.
EUR/USD is trading at 13.36, slightly changed from yesterday's levels. Traders and investors are expecting tomorrow's FOMC Meeting so low volatility can be expected.
Gold is gravitating towards the $1,275 level currently being range bound between $1,270 and $1,280. Price is yet to pick a direction, so a break to either sides could indicate a potential trend on the short-term.
EUR/USD is trading lower today after the release of the FOMC Minutes. Traders and investors boosted the US dollar, continuing the short-term bearish trend. Current market price 1.1200.
Gold lost more than 2% since the release of the FOMC Minutes yesterday. The precious metal is currently trading at support and if we could get a break below $1,250 this would indicate that bears are ready to attempt to take price further down to $1,230.
GBP/USD is trading higher due to upbeat UK data released this morning. Price reacted very positively to the latest data and went to 1.4657. However, it did not seem enough to keep the momentum and the pair is now trading a bit lower.
USD/CAD made a new high today going above 1.31. The pair has been in an uptrend since the beginning of May and it looks like it will try to reach first resistance at 1.3150.
The EUR/USD is trading close to the previous two days levels around 1.1210-1.1200. Main trend remains bearish on the short-term with immediate support at 1.1200 and first resistance at 1.1250.
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