Rosentray's Daily Commentary

[rosentray]

EUR/USD is trading unchanged at the moment at 1.1112. The price skyrocketed to a high of 1.13 when the initial results predicted a Trump victory. Now that he is President-elect markets have digested the news and price is back to normal. A classic buy the rumor, sell the fact scenario.

 

[rosentray]

Gold went as high as $1,337 during the Election day and is now close to where it was pre-results time at around $1,300. It appears that markets are not surprised by the outcome of the US Election. Donald Trump is President-elect of the United States.

 

[rosentray]

EUR/USD kept depreciating today after yesterday's Election took the price below 1.10. The pair is now trading at 1.0894 as the USD is getting stronger by the day.

 

[rosentray]

Gold depreciated a lot today after yesterday's election boosted prices up to $1,337. Today gold is trading at $1,266. The precious metal does not have anything to support it as traders and investors are drawn to the Greenback.

 

[rosentray]

EUR/USD is keeping a steady pace today in anticipation of the Michigan Conference later today. Price is now 1.0885 and it appears that the USD is getting momentum.

 

[rosentray]

Gold kept depreciating today as investors keep fleeing to the US currency. The precious metal is now $1,257. Gold is now very weak and would need strong bullish news to get it back on track.

 

[rosentray]

EUR/USD is trading lower today after a major blow to the pair last week. The US bulls are confident in Trump's policy regarding economic growth and they are having a rally in the equity and currency market. CMP 1.0757.

 

[rosentray]

Gold is at multi-month low at $1,212. Current market price is $1,224 and major volatility continues to be the main element in current market environment as market participants are overwhelmed by current US situation.

 

[rosentray]

EUR/USD is showing some strength after yesterday's low of 1.0709. The pair is now 1.0772 as market participants are expecting the latest Advance Retail Sales later today.

 

[rosentray]

Gold is trading higher today at current price og $1,226. Gold bulls were able to sustain the bearish rally that started with Trump's victory. Gold prices are now witnessing some support that is also felt across the Silver market where Silver is trading at 17.02.