Rosentray's Daily Commentary

[rosentray]

EUR/USD is trading lower in today's session after going steadily up for the last few days. The pair made a high of 1.1355 and then succumbed to a bottom of 1.1310. First support is seen at 1.13, while first resistance is the last high of 1.1355.

 

[rosentray]

Silver is currently trading at 18.90 after making a high of 19.11 in today's session. The metal has a lot to give still as it made a high of 21.13 and then started a correction with a bottom of 18.70.

 

[rosentray]

EUR/USD had a down day yesterday that transferred the momentum into today's session. The pair made a low of 1.1287 and has since slightly recovered to currently trade at 1.1301. First bull target is 1.1350.

 

[rosentray]

GBP/JPY is going steady on its way up after making a bottom at 129.24. The pair is now trading at 132.38. First resistance is seen at 132.55. First support is seen at 130.00.

 

[rosentray]

EUR/USD is trading steadily slightly above 1.13 in today's early european hours. The pair is anticipating the US data scheduled for later today: US GDP and Fed Chair Janet Yellen's speech.

 

[rosentray]

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.

 

[rosentray]

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.

 

[rosentray]

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.

 

[rosentray]

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.

 

[rosentray]

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.