Rosen's Daily

[rosentray]

The EUR/USD reached 1.1188 due to the blasts at Brussels airport and metro. The euro is still feeling the impact of the event as Europe is trying to stand strong and continue normal everyday life. My prayers and support is with the people of Belgium.

 

[rosentray]

Gold was boosted by the events in Belgium and went up $16 to $1,260 from $1,244. It's now trading around $1,255 as traders and investors are trying to figure out how serious this attack actually is. Stay strong, Brussels!

 

[rosentray]

The EUR/USD is trading lower today going as low as 1.1180. Main trend remains bearish, a consolidation around this level might be expected due to lack of fresh news to stir the market.

 

[rosentray]

The GBP/USD declined sharply going from 1.4512 to 1.4160 in less than a week. Short-term a continuation of the downfall might be expected as bears were able to put the Sterling back into the descending trading channel.

 

[rosentray]

The EUR/USD is trading at support around the level of 1.1160. This is best seen on the daily chart. Price will either try to bounce off this level or break it and reach 1.1100. This week no major news are expected so we could see calm markets today and tomorrow.

 

[rosentray]

Gold pulled up slightly to go back above $1,220 recovering mildly from the losses yesterday. This morning the precious metal went to $1,212 and is currently trading at $1,221. We can expect price to go to $1,200 and then find the support to start climbing again.

 

[rosentray]

The EUR/USD is trading in consolidation due to lack of fresh news. With holiday time today, the low volatility is driving away market participants to something more beneficial. Bulls need to push prices above 1.1180 as bears will try to bring them down to 1.1080.

 

[rosentray]

GBP/USD is also consolidating as no major news are expected today. First support is seen at 1.4055 as bears must take this level down if they want to go below 1.40. On the other hand, bulls need to close above 1.4190 so that a bull trend could be established.

 

[rosentray]

The EUR/USD is trading at support at 1.1170. Price has managed to stay in the ascending trading channel and if this level holds then we might see the pair reach 1.1450 next month. First support 1.1170, first resistance 1.1230.

 

[rosentray]

Gold made a new low in the early trading hours going as low as $1,208. While bulls still have some hopes of price going up, bears are expecting $1,200 to be taken out. First support $1,208, first resistance $1,220. Major target $1,195.

 

[rosentray]

The EUR/USD is trading higher today due to support level reached yesterday. The pair made a high of 1.1225 and is currently trading at 1.1215. Please be aware that we have important statement from FED's Chairman Janet Yellen in less than a couple of hours.

 

[rosentray]

Gold saw some safe-haven buying in the past hours partly impacted by the expectations that a rate hike might be postponed. The press conference of FED's Chairman Janet Yellen will impact the Gold market so staying away might be the best some people could do.

 

[rosentray]

The EUR/USD is trading higher in today's session after it became clear that Janet Yellen is not going to raise rates next month. Traders and investors read her commentaries as bearish for the dollar and the pair surged to 1.1250 mid-event. Early this morning the EUR/USD made a high of 1.1330, first resistance and is now trading at 1.1312.

 

[rosentray]

Gold is shining again today as the weak US dollar boosted investors' interest in the safe-haven asset. Gold reached its resistance at $1,243 and is now trading at $1,237. Main trend remains bearish for the short-term with first target $1,220.

 

[rosentray]

The EUR/USD made a high today at 1.1411, exactly where resistance is. The pair is now trading around 1.1380. If 1.1410 is not taken out by tomorrow there is a chance that bears might be able to bring the Euro down and go below 1.13.

 

[rosentray]

Gold recovered some $8 in today's session due to profit taking and bargain hunting. The precious metal is now trading around $1,233 with first resistance at $1,243. First support zone is $1,220.

 

[rosentray]

EUR/USD is trading lower after stronger than expected US monthly report. The pair was in buy mode for the week until the latest NFP data was announced and the dollar surged going back below 1.14, making a low of 1.1334. Be aware that 1.1410 is resistance and dollar bulls will try to keep price under this level.

 

[rosentray]

Gold lost more than $20 or about 2% today only after upbeat US data attracted traders and investors to buy the Greenback. Safe haven was not necessary today and the precious metal made a low of $1,208 and is currently trading around $1,215. Psychological level of $1,200 is on the radar.

 

[rosentray]

EUR/USD is trading lower today after upbeat US data depreciated the pair going as low as 1.1334. Currently, the EUR/USD is trading at 1.1365. Major target for bears is 1.1230. Price has hit resistance and a correction is expected.

 

[rosentray]

Silver is trading below $15. The commodity reached support at 14.82 which is also the 200SMA level and is not trading slightly below $15. First support is 14.83, second is 14.50. First resistance is 15.08, second is 15.53.