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Forex: EUR/USD glued around 1.3050

FXstreet.com (Barcelona) - The bloc currency is trading unmolested in the vicinity of 1.3050 on Thursday, still sedated by the effects of Weidmann’s comments on Wednesday, and with growth concerns yet weighting on sentiment.

The G20 Meeting kicks in today, with the recent announcements and the new QQE programme in Japan to be in the limelight.

The cross is up 0.15% at 1.3051 with the next resistance at 1.3068 (MA10d) followed by 1.3108 (MA55d) and finally 1.3202 (high Apr.16).
On the flip side, a violation of 1.3001 (low Apr.17) would open the door to 1.2963 (low Apr.8) en route to 1.2959 (MA21d).

Commodities Brief – Gold edges higher to test 1385, crude records lows of 86.00

Gold prices have faced tremendous headwinds lately, hampered by demand, panicking selling, and fierce bearish pressure this week. Following an otherwise earlier ugly weekly segment for commodity trading, the yesterdays session in conjunction with today seems to have steadied the nerves of investors – though the largest plunge in 30 years clearly weighs fresh on investors’ psyches. Thursday has seen a modest recovery for the yellow metal, as prices have now risen to trade at USD $1385.05 per oz. in these moments. However, despite the initial path upwards, gold faces tremendous bearish pressure in the near-term and strong resistance at the 1400 level.
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