DIRECT FX Broker and Forex Daily Analysis

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Source: DIRECT FX Broker (Review and Forex Cashback)

EUR USD

This morning at 09:40 GMT, the EUR is trading at 1.0854 against the USD, 0.28% higher from the New York close. This morning, the pair traded at a high of 1.0864 and a low of 1.0812. The Euro traded 0.21% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 1.0824. The pair is expected to its find support at 1.0818 and its first resistance at 1.0880.

GBPUSD

At 09:40 GMT, the pair is trading at 1.5567, with the Pound trading 0.06% higher against US Dollar from the New York close.  In economic news, UK’s public sector net borrowings edged up in June. The pair witnessed a high of 1.5594 and a low of 1.5555 during the session. Yesterday, the Pound traded 0.01% lower against the US Dollar in the New York session and ended at 1.5558. Immediate downside, the first support level is seen at 1.5535, while on the upside, the first resistance level is situated at 1.5604.

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 124.27 against the Yen, marginally lower from the New York close. During the session, the pair traded at a high of 124.49 and a low of 124.26. Yesterday, the US Dollar traded 0.02% higher against the Yen in the New York session and ended at 124.31. The pair is expected to its find support at 124.13 and its first resistance at 124.45.

USDCHF

The US Dollar is trading at 0.9617 against the Swiss Franc at 09:40 GMT this morning, 0.35% lower from the New York close. In economic news, Switzerland’s trade surplus widened in June. The pair traded at a high of 0.9651 and a low of 0.9606 this morning. Yesterday, the USD traded 0.2% higher against the CHF in the New York session and ended at 0.9650. The pair is expected to its find support at 0.9598 and its first resistance at 0.9644.

USDCAD

The pair is trading at 1.2981 at 09:40 GMT this morning, with the USD trading 0.16% lower against CAD from the New York close. The pair traded at a high of 1.3014 and a low of 1.2972 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing 0.08% higher at 1.3001. On the macro front, Canada’s wholesale sales retreated on a monthly basis in May. The pair is expected to its find support at 1.2954 and its first resistance at 1.3017.

AUDUSD

The pair is trading at 0.7384 at 09:40 GMT this morning, with the Australian Dollar trading 0.2% higher against US Dollar from the New York close.  Going forward, market participants would closely monitor Australia’s consumer price inflation data, scheduled in the early hours tomorrow. This morning, the pair traded at a high of 0.7387 and a low of 0.7341. The Australian Dollar traded 0.12% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7369. The pair is expected to its find support at 0.7352 and its first resistance at 0.7404.

Gold

Gold is trading at $1107.20 per ounce at 09:40 GMT this morning, 0.87% higher from the New York close. This morning, the precious metal traded at a high of $1108.00 per ounce and a low of $1095.90 per ounce. Yesterday, gold traded 0.99% lower in the New York session and closed at $1097.70 per ounce, after last week’s speech from the Chairwoman, Janet Yellen, raised prospects of an interest rate hike in the US before the end of the year. Immediate downside, the first support level is seen at $1095.37 per ounce, while on the upside, the first resistance level is at $1116.97 per ounce.

Silver

The precious metal is trading at $14.82 per ounce at 09:40 GMT this morning, 1.13% higher from the New York close. During the session, silver traded at a high of $14.84 per ounce and a low of $14.62 per ounce. In the New York session yesterday, silver rose 0.21% and closed at $14.65 per ounce.Immediate downside, the first support level is seen at $14.62 per ounce, while on the upside, the first resistance level is at $15.00 per ounce.

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