EUR/USD Rises on German GDP Data
The EUR/USD is trading higher towards daily resistance after the release of positive German GDP data.
The EUR/USD is trading higher towards daily resistance after the release of positive German GDP data.
Despite an initial price decline on inventory data, crude oil prices are rebounding on a weaker US Dollar.
The AUD/USD has broken out to new 2017 highs, but price has quickly been rejected at key daily resistance values.
DJIA finishes the first week of January near the visible 20,000 mark. A break above exposes 20,600 and 21,300.
After Declining Initially on Fridays Payroll Figures, Gold Prices Rally to Begin Todays Trading
NFP and Canadian employment figures leave Crude Oil prices in a holding pattern beneath the weekly high.
Silver prices continue to rally into tomorrow’s NFP release. Expectations for the event are set at +178k.
Crude traders are looking to the US Dollar to provide direction for commodities markets.
Gold prices have started the 2017 trading year flat, and are looking to US ISM Manufacturing data for direction.
Yesterday, DJIA dipped into the previously cited 19,750-19,840 support zone. The potential for a reaction higher is elevated today and tomorrow.