During the trading on Thursday, 26 September 2019, financial markets and investors in the forex market, will be on for an important date with statements by heads of global central banks. The beginning will be with a statement by the Governor of the Bank of Japan, Kuroda. Then the US economic data releases figures on GDP growth, jobless claims and pending home sales as well as comments from Federal Reserve Governor Jerome Powell. There will be statements by Mark Carney, Governor of the Bank of England and ECB Governor Mario Draghi.
As for the performance and movements of global currencies, the US dollar continues to make strong gains against other major currencies, supported by Trump's recent comments on a trade deal with China. The EUR may face 1.0900 support against the USD if pessimism towards the Eurozone economy continues. As for the pound, it lost all of its recent gains due to renewed fears of a hard Brexit, amid a tense political struggle between the prime minister and the opposition. As for the price of gold, it fell back to the $1500 level an ounce in light of the recent strength of the US dollar, as the yellow metal lost a total of 35 dollars from its value during Wednesday's session.
In the following lines we will review the most important trading opportunities to buy or sell the most important currency pairs and gold, which may occur during today's trading based on the expected events and economic data:
The most important levels of buying:
Buying gold from the 1500, target 1545, and stop at 1490.0.
Buy EUR/USD from 1.0900, target 1.1165 and stop at 1.0840.
Buy AUD/USD from 0.6715, target 0.6970 and stop at 0.6680.
Buy USD/JPY from 107.10, target 109.00 and stop at 106.60.
Buy EUR/AUD from 1.6155, target 1.6500 and stop at 1.6070.
Key selling levels:
Sell gold from the 1535 resistance level, target 1500 and stop at 1544.
Sell USD/CAD from 1.3330, target of 1.3100 and stop at 1.3400.
Sell EUR/AUD from 1.6330, target 1.6000 and stop at 1.6410.