Market Updates

EUR/USD

With the US dollar increased strength, we have seen it continue the downward trend passing through the 1.1700 price level. This is mainly due to US Dollar strength. The 1.1900 figure remains as our strong resistance, although the question is when will the next time, we will see it tested? Our strong support level can be found around the 1.1660 - 1.1670 range which was last visited on the 19th – 20th of August, could we now possibly see a double bottom forming before the pair bounces back?

 

 

5 Hour Currency Heatmap

The 5-hour currency Heatmap illustrates the continued strength of the New Zealand Dollar all other major currencies. The Japanese Yen and the Swiss Franc showing the most weakness against the other pairs in the recent days.

 

 

Gold

After failing to break out to the upside from the range, Gold has once again fallen to test the support at the $1742 level twice a break of this level could see the value of the precious metal continue to fall. The key psychological resistance level for Gold, is still around the $1800-$1795 area. The $1740 price level serves as our new short-term support. The key level of resistance continues to be at the $1832 level; a break of this may see gold rise in the longer term back to the previous highs.

 

 

 

*Source Investing.com Calculator

 

This downward trend in the volatility has finally been broken with the increase in the volatility of the precious metal towards the end of the last trading week. The uptrend now continues.

 

Stocks to Watch

 

Earnings: Below are the stocks to monitor for the rest of the week will announce their earnings.

 

Dividends: The following stocks will be paying dividends over this week.

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