The economic calendar did not differ much from yesterday and was not filled with important economic data or events except from a few speeches from members of the FED and the BOE.
US stocks opened higher today on ahead of testimony of Yellen before the Senate on the semi-annual monetary policy report on Wednesday & Thursday, before retreating after Donald Trump Jr. tweeted on Twitter as a series of emails from a prosecution official Russian presents information to the Trump campaign condemns Hillary Clinton on her dealings with the Russian side.
The markets today witnessed some notable movements, which we review the most important in the following lines
• The EURUSD rose after stabilizing higher than a strong support level at 1.1380 to reach the resistance level at 1.1443.
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• GBPUSD declined after failing to break the resistance level at 1.2926 to reach the 1.2830 support level.
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• The USDJPY after reaching the resistance level at 114.36 fell strongly to the levels of 113.90.
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• Oil prices rebounded above the resistance level at 44.82$, which represents the neckline of the inverted head and shoulders pattern on the 1-hour timeframe targeting the 46$ level.
• gold is currently trying to stabilize above the neckline of the inverted head and shoulders pattern to target levels of 1225$.
