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.
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.
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 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.
EUR/USD is trading higher today due to lack of fresh news and the reaction of the latest jobs report. Price is currently 1.1371 and market sentiment on the short term is bullish.
USD/CAD posts new losses today and is about to end another session in the red. First support zone remains 1.27. Below 1.2650 we might see further sell off. If 1.27 holds the price, then we are in for another bull run.
The EUR/USD lost around 100 pips in today's session. Traders and investors were drawn again in the US dollar and the pair marked a low of 1.1306. Main trend on the short-term is yet to be determined.
Gold climbed to above $1,265 in today's session after giving back some $5. Traders and investors saw this as an opportunity to buy the dip and Gold keeps getting higher and higher.
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