Skip to content
Tags

, , , ,

FX & GOLD Commentary – Aug 8

August 8, 2013

GMT 5:44 – GOLD @ $ 1296.50 = We are somewhere near top. Sell around $ 1297-00, as break of $ 1306-8 level is required for more gains, which is not a favoured move. Fall below $ 1288-90 will see a push towards $ 1280-82 zones Or else $ 1312.
GMT 5:53 – EURO @ 1.3346 = At current levels keep a close watch as break of 1.3355 will see a move towards 1.3370-90 zones and the rally should exhaust or else will see a final push towards 1.3415-20 zones. Suspect beyond that Euro has enough legs. On the down side break of 1.3310 will encourage for 1test of 1.3270-80 zones.
GMT 6:04 – GBP @ 1.5504 = The corrective rally in Cable could extend and still looks a buy around 1.5470-90 levels. Support is around 1.5430-40. Break of 1.5525-30 levels will encourage for a test of 1.5560-70 zones
GMT 6:17 – JPY @ 96.38 = Choppy trading is possible, but Japanese currency could make some more gains and hold around 96.70-80 levels for a dip and test of 96.10 levels, break will encourage for 95.80. Move beyond 98.30-40 zones could mean more losses for JPY.
GMT 6:21 – AUD @ 0.9077 = Saw a perfect up move, now 0.91 is the resistance levels, if breaks 0.9120-40 will be tough to crack, as fall below 0.9010 would mean ,ore losses for Aussie or else 0.9180

Advertisements
Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: