Major Currencies Are Waiting Central Banks Decisions.

On Thursday, State of calm controlled trading of major currencies. It is like this because markets are waiting decisions of Central Banks in Europe and UK with regard to monetary policy amid expectations to keep the same policies unchanged.

This follows the movements of important sessions yesterday which saw decline in the U.S. dollar, and in turn the rise of both Euro and Pound Sterling and the Japanese Yen came under variation data released yesterday by the largest economy in the world.

The gold price traded slightly positive and tries to test the 1270.00 level which constitutes an obstacle to the proposed positive scenario on the intraday basis, where the breach of this level will confirm the trend towards 1300.00 and 1340.00 Stochastic continues its upward trend, to support our positive expectations, which remain as it is if it is is not broken 1213.00 level and stabilize above it.. The trading range expected for today is between: Support 1230.00 and Resistance 1300.00 General tendency expected for today: UP