Gold has consolidated this morning after being taken lower yesterday and straddles important support levels. Should the precious metal break through this support it could find itself tumbling rapidly. Next support area is around 1227.00 USD.

FX markets have been fairly consolidated. EUR and GBP are maintaining their values as trading has taken a cautious tone. Single Currency is in the midst of its range with support near 1.3520 and resistance near 1.3585.