FXEMPIRE
All
Ad
Advertisement
Advertisement
Yaron Mazor
Add to Bookmarks
forecast

Gold has also lost some value but does remain within the higher boundaries of its mid-term range.

EUR/USD: Euro Enters the Week Steady

The Euro starts the week above the 1.24 level against the U.S Dollar. Before going into the weekend the European currency was steady. Inflation data will come from the European Union mid-week. Short-term speculators may be tempted to look for upside value based on the Euro’s strength last week, but they should practice caution.

Advertisement
Know where Gold is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Advertisement

Gold: Market Comfortable at these Values?

Gold has traded slightly lower this morning and is near 1348.00 U.S Dollars an ounce. The precious metal has come off highs achieved early last week, but it remains within relatively strong mid-term values. Gold has not seen a violent reversal, which may be a sign the market is comfortable at these levels and may continue to trend higher near term.

GBP/USD: Pound Remains Pressured

The Pound has remained under pressure and is trading near 1.4140 versus the U.S Dollar. The British currency put in large gains early last week but has come off highs. Traders may believe the Pound gained too swiftly against the U.S Dollar last week, and they may look for additional downside with speculative positions.

Crude Oil: More Gains for Crude Oil

Crude Oil gained on Friday as it was able to build on its rather strong mid-term trend. The commodity is above 66.00 U.S Dollars a barrel and is challenging high water marks. U.S Crude Oil continues to incrementally add value and traders may continue to look for higher values, but they should have risk management in place.

USD/JPY: Yen Testing September Support

The Yen remains strong against the U.S Dollar and is near 108.75 against the U.S Dollar. The Japanese currency is near September 2017 support levels. The Nikkei Index has been slightly stronger this morning. Yen traders may continue to sell the U.S Dollar against the Japanese currency near term.

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker