Rosentray's Daily Commentary

[rosentray]

EUR/USD made a high of 1.1099 in the midst of market uncertainty. The US dollar appears to be losing strength over its competitors as December raise is becoming unlikely. Current market price: 1.1081.

 

[rosentray]

Gold is shining again as market uncertainty boosted prices to a high of $1,297. The precious metal has been consolidating for a month now and gained about $60 in a relatively short amount period of time. First resistance is $1,300.

 

[rosentray]

EUR/USD is trading lower today. It appears that the US dollar is losing ground, at least until tomorrow's NFP and Jobs report data. Current market price 1.1088 down from 1.1125.

 

[rosentray]

Gold lost some of yesterday's gains as the precious metal is now trading at $1,293, down from $1,307. It seems that Gold is backing up ahead of the US data scheduled for tomorrow. First support is seen at $1,275.

 

[rosentray]

EUR/USD is trading relatively unchanged today compared to yesterday's price. The pair has been caught in the range around 1.11. Market participants are anticipating the most important data of the month later today, namely the NFP's and Jobs report data.

 

[rosentray]

AUD/CAD is trading to the upside since mid September. The pair has been enjoying the bullish run backed by strong AU economy but it appears that looking at the short-term picture, the pair is overbought which might indicate a sell of with first support zone at 1.0230.

 

[rosentray]

EUR/USD is trading lower today ahead of the US Presidential Election. Gold and Silver lost some of their price as traders and investors are backing the Greenback. Current market price: 1.1041 EUR/USD.

 

[rosentray]

AUD/USD is trading at resistance. The pair made a high of 0.7708 and has depreciated since. Now price is 0.7691 and it appears that it would consolidate until the Election takes place tomorrow.

 

[rosentray]

EUR/USD is faced with a tough choice today as we just entered the US elections! The polls are now open and we will have a new President in less than 10 hours!

 

[rosentray]

Gold is trading lower this week ahead of the US election. The precious metal is now gravitating towards the $1,280 level as market participants are anticipating the results later today.