The Canadian dollar

The Canadian dollar is little changed Tuesday as an absence of any economic data or other domestic drivers leaves it at the mercy of fluctuating trading flows in the market.
The U.S. dollar is at C$1.0908 Tuesday, from C$1.0905 late Monday, according to data provider CQG. A report from BMO Capital Markets in London said the U.S. was weaker against its Canadian counterpart and nearly touched support at C$1.0900 early during the London morning.
"But a material chunk of that weakness in the pair appeared to be in part driven by EUR/CAD downside, particularly with U.S. yields rather well supported," BMO said. "In other words, the extent of isolated USD weakness behind the move in USD/CAD appears to have been rather limited."
There was more activity in the euro/Canadian dollar cross, with the common currency down by about 0.4% against the loonie since late Monday.
BMO said that with very little on the North American data calendars, Canadian dollar players will stay focused on the euro's fluctuations against the Canadian unit. Softness in that pair does look like it is going to make it a struggle for the U.S. dollar to obtain C$1.0950 in the immediate future

AUD/USD

AUD/USD is steady on Monday, as the pair trades in the mid-0.93-range early in the North American session. It’s a quiet start to the week, with no US releases on Monday. RBA Governor Glenn Stevens will address a San Francisco Federal Reserve symposium. Early on Tuesday, we’ll get a look at Australian business confidence, employment and housing data.
In the US, employment numbers were solid late last week. Unemployment Claims and Nonfarm Payrolls, both key indicators, met market expectations and helped the dollar hold its own against the euro. Unemployment Claims came in at 312 thousand, slightly above the estimate of 309 thousand. Nonfarm Employment Change met modest expectations on Friday, adding 217 thousand new jobs. The estimate stood at 214 thousand. The Unemployment Rate stayed pegged at 6.3%, beating the estimate of 6.4%.

Japanese yen

The Japanese yen has edged higher on Monday, as the pair trades in the mid-102 range. On the release front, Japanese Final GDP jumped 1.6% in Q1. Current Account posted a surplus for the first time in eight months. Monday’s highlight is Tertiary Industrial Activity, with the markets bracing for a sharp decline in May. In the US, there are no releases on Monday.
Key Japanese releases continue to impress. Final GDP soared 1.6% in Q1, a huge improvement from the weak gain of 0.2% in Q4. The estimate stood at 1.4%. Current Account also looked sharp, posting a surplus for the first time since September. The indicator came in at 0.13 trillion yen, which was short of the estimate of 0.23 trillion. The strong numbers have reinforced the BOJ’s contention that the improving economy will be able to weather the sales tax hike which took effect in April.

Gold slumped EUR/USD sank

Gold slumped 28 percent last year on speculation the Federal Reserve would ease stimulus as the economy strengthens. Data due tomorrow may show the U.S. added 215,000 jobs in May, after a report yesterday found service industries grew at the fastest pace in nine months last month, sending the Standard & Poor 500 Index of equities to a record.
The cut was much needed and much anticipated, Andrey Kryuchenkov, an analyst at VTB Capital in London, said today .Bullion will continue trading against the dollar with the press conference ahead and the U.S. nonfarm payrolls tomorrow.
Gold for August delivery lost 0.1 percent to $1,243.30 an ounce by 7:56 a.m. on the Comex in New York. It reached $1,240.20 on June 3, the lowest since Jan. 31. Futures trading volumes were 30 percent below the average for the past 100 days for this time of day, according to data compiled by Bloomberg. Bullion for immediate delivery slipped 0.1 percent to $1,243.05 in London, according to Bloomberg generic pricing.
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EUR/USD sank to a fresh four-month low of 1.3503 after ECB President Draghi unloaded his bag of easing tricks onto the market. It has since stabilized above 1.3530, helped by Draghi's comment that he has now reached the lower bounds of interest rates. EUR/USD is now at 1.3563 and the breakout level on the downside was 1.3580, so any break back above here could see some weak shorts head for the exit.

Precious metals, commodities

Traders know the price will change in the different markets. Precious metals, commodities, and currencies are all subject to the same movements of supply and demand and news especially gold.  Many will often see prices drop or go up after a company meets expectations for news. The demand for the shares prior to the release overwhelmed the supply. Sellers will see this and move up prices they were asking for shares. Buyers in  an attempt to own shares, will raise the amount they are willing to pay for them.  The Stochastic Oscillator indicator indicates where prices are closing within a range. You can see the changes in price as this type of news happens.
If precious metals, commodities, and currencies are showing a bullish trend that traders expect to continue they would expect the share price to close at or near to the high of the day or the high from several days. If price closes away from that high, then the buying pressure has weakened, or selling pressure gained. Thus  it is not good for the traders holding the precious metals like gold, commodities, and currencies long. If there is a close that occurs far from the highs, it would show a sell signal on the oscillator.

Precious Metals Gold Investment