EUR Trading At 1.3761 Against The USD

EURUSD
This morning at 09:40 GMT, the EUR is trading at 1.3761 against the USD, 0.15% lower from the New York close, after the ECB indicated that it will begin a thorough review of the balance sheets of 130 financial institutions in the Euro-zone in November, to unearth potential risks before moving closer to a banking union for the region. In the economic news, business conditions in France improved marginally in October, while the Spanish trade deficit widened to level of € 1.8 billion in September. During the session, the pair traded at a high of 1.3794 and a low of 1.3745. The pair is expected to find its first support at 1.3688 and first resistance at 1.3814.

GBPUSD
At 09:40 GMT, the GBP is trading at 1.6148 against the USD, 0.54% lower from the New York close. The minutes of the Bank of England’s latest meeting revealed that the policymakers unanimously voted to keep the interest rates and the size of the monetary stimulus unchanged. During the session, the pair traded at a high of 1.6259 and a low of 1.6136. Yesterday, the British Pound traded 0.39% higher versus the Dollar in the New York session, and closed at 1.6236, as decline in the UK’s net borrowing supported the Sterling, while dismal US jobs data weighed on the performance of the greenback. The pair is expected to find its first support at 1.6094 and first resistance at 1.6230.

USDJPY
The USD is trading at 97.32 against the JPY at 09:40 GMT this morning, 0.82% lower from the New York close, following the release of discouraging US jobs report. During the session, the pair traded at a high of 98.21 and a low of 97.16. In the New York session yesterday, the USD traded 0.10% lower against the JPY, and closed at 98.12.The pair is expected to find its first support at 96.82 and first resistance at 98.16.

Gold
At 09:40 GMT, Gold is trading at $1333.18 per ounce, 0.52% lower from the New York close, as investors booked profits from the recent rally in the yellow metal. This morning, Gold traded at a high of $1342.33 and a low of $1330.00 per ounce. In the New York session yesterday, the yellow metal traded 0.89% higher, and closed at $1340.13, as investors gained confidence that the US Fed would mostly keep its monetary stance intact, following the release of September’s jobs report. Gold has its first support at $1314.77 and first resistance at $1348.22.