During the Monday session, the EUR/GBP pair fell significantly as we finally broke below the bottom of the consolidation area that we have been in for some time.
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Gold started the week drifting lower, testing the support around the $1132 level, as traders took profits from a recent rally to the highest level in almost three weeks.
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Get the NZD/USD Forex signal for September 21, 2015 here.
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Get the AUD/USD Forex signal for September 21, 2015 here.
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Get the USD/CHF Forex signal for September 21, 2015 here.
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Get the GBP/USD Forex signal for September 21, 2015 here.
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Get the EUR/USD Forex signal for September 21, 2015 here.
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The USD/JPY pair initially fell during the course of the session on Friday, but found enough support near the 119 level to turn things back around and form a hammer.
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During the session on Friday, the US dollar dropped against the Singapore dollar significantly, testing the 1.39 handle.
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The USD/MXN pair fell initially during the session on Friday, but turned back around to form a hammer again. We had formed a hammer on Thursday as well, so I would like to look at this chart.
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The EUR/USD pair initially tried to rally during the course of the day on Friday, but as you can see we really struggled near the 1.15 handle.
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Gold prices rose $7.52 an ounce on Friday, up for the third straight session to $1138.66, as a softer dollar, sagging risk appetite and intensifying worries over the impact of China's slowing economy on global economies lured some investors back into the market.
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Get the Forex forecast for major currency pairs like EUR/USD, USD/CAD, USD/JPY and AUD/USD for the week of September 21, 2015 here.
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Gold prices rose $12.05 an ounce yesterday, benefiting from a weaker dollar and falling U.S. Treasury yields after policymakers at the Federal Reserve decided to keep interest rates on hold in September.
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During the session today, we should see quite a bit of volatility in this pair. After all, the EUR/USD pair is essentially the gauge at which most people measure dollar strength.
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