Gold & WTI Crude Trade Levels – Stronger Dollar Keeping Commodities In Check!
The U.S. dollar is expected to continue to price in the U.S. labor market figures. Today on Monday, the greenback stayed near its 2018...
What’s up, traders?
The U.S. dollar is expected to continue on its’ price in the U.S. labor market figures. Today, Monday, the greenback stayed near its 2018 high after U.S. jobs and wages data remain mixed.
The U.S. economy added fewer jobs than expected. The average hourly earning also disappoints as they rose less-than-expected 0.1% in April, leaving the annual increase at 2.6%.
The unemployment rate sank to 3.9%. Although it’s an incredible improvement, the worse than expected nonfarm payroll and pricing of the market kept the dollar in check.
This week, we don’t have much from the United States, but the BOE and RBNZ will remain in our highlights. In fact, you should check FX Leaders weekly economic outlook for handy information. Let’s take a look at the new trading levels for gold and crude oil.
Gold – XAU/USD – Trading Levels
Support Resistance
1306 1313.94
1303.54 1316.4
1299.57 1320.37
Key Trading Level: 1309.97
WTI – Crude Oil – Trading Levels
Support Resistance
67.66 70.04
66.92 70.78
65.73 71.97
Key Trading Level: 68.85
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals