The price for gold has managed to find support in 2,640.00 and the 200-hour simple moving average. The follow-up surge broke the 2,670.00 level, and it resulted in another test of the all-time high levels at 2,685.40. In the meantime, the range that surrounds the 2,670.00 mark has turned into support. Economic Calendar Analysis From the US Dollar's side, the markets could
The 150.00 mark has held, and a decline has occurred. The decline has passed below the 149.50 level and the combination of the 50 and 100-hour simple moving averages. However, it appears that the 149.00 level, despite being pierced, has provided support. Economic Calendar From the US Dollar's side, the markets could react on Thursday at 12:30 GMT to the publication of
The GBP/USD fluctuated sideways and even recovered on Tuesday to the 1.3100 mark. However, on Wednesday morning, the UK CPI was published. Inflation in the United Kingdom is even lower than expected. Monthly inflation measured year-on-year is just 1.7% instead of the expected 1.9%. Moreover, it is a decline from 2.2% in the prior month. Economic Calendar On Thursday, watch the US release
The support of the 1.0900 has failed. In the aftermath of the event, the rate is confirming the level as resistance. From a fundamental perspective, the EUR/USD is waiting for the ECB announcement that is set for Thursday afternoon. Economic Calendar Analysis This week, the top event will be the Thursday's European Central Bank interest rate announcement at 12:15 GMT. The Euro
During the US CPI volatility, the price of gold almost touched the 2,600.00 mark. However, the price recovered after the event and by Monday almost hit the 2,670.00 level. However, a decline occurred during midday as the surge appeared to be overextended. Economic Calendar Analysis From the US Dollar's side, the markets could react on Thursday at 12:30 GMT to the publication
The higher than expected US Consumer Price Index has initially created high volatility, but afterwards provided the needed push for the Dollar to surge. On the USD/JPY charts, the pair bounced between 148.50 and 149.50 just after the event. On Monday, the resistance of the 149.50 level was broken, and the rate was heading to 150.00. Economic Calendar From the US Dollar's
The GBP/USD was highly volatile after the publication of the US Consumer Price Index. By the end of the volatility, the rate attempted to recover, but failed near the 1.3080 mark and the 100-hour simple moving average. On Monday, it was observed that the pair could decline as low as 1.3000. Economic Calendar This week, the GBP/USD could react to a number
On Thursday, after the US CPI publication, the EUR/USD found support in the 1.0900 mark. Meanwhile, resistance was provided by the prior support range at 1.0950/1.0955. This week, the pair fluctuated between the two levels, as it consolidated, as indicated by rather flat trading and approaching hourly simple moving averages.In the meantime, it was observed that since Wednesday traders have
The price of gold has passed more support levels. On Wednesday, the metal fluctuated near the 2,600.00 mark. It appeared that the 2,605.00 and 2,610.00 levels were providing support, as the 2,625.00 mark acted as resistance. In the near term future, the commodity price will reveal its direction after the Thursday's US CPI release. As the Dollar picks a direction, so
The decline of the USD/JPY found support in the 147.20/147.50 range, before returning to once again test the 149.00 mark. In general, it is assumed that the publication of the US Consumer Price Index will reveal the future direction of the US Dollar, which will impact the currency exchange rate. Economic Calendar On Thursday, the top event of the week will take
Since Monday, the GBP/USD currency pair has been fluctuating between the support of the 1.3050 level and the resistance range near 1.3100. In the meantime, the pair has passed the upper trend line of the channel down pattern. In general, the pair is waiting for the publication of the US Consumer Price Index data. The CPI will show the direction of
Since Friday, the EUR/USD has fluctuated between the support of the 1.0950 level and the resistance of the 1.1000. Meanwhile, the currency pair was ignoring the 50 and 100-hour simple moving averages. Besides these developments, the situation has not changed. Economic Calendar Analysis On Thursday, the top event of the week will take place. At 12:30 GMT, the US Consumer Price Index
The price for gold has been highly volatile in the range between 2,640.00 and 2,670.00, as various US data sets were being published. In general, the commodity price appears to be consolidating. Economic Calendar Analysis This week, the markets could react to the publication of the US Federal Reserve Meting Minutes on Wednesday at 18:00 GMT. On Thursday, the top event of the
A string of fundamental events has caused a surge of the US Dollar against the Japanese Yen. This week, the rate was declining after hitting resistance at 149.00. Economic Calendar This week, the markets could react to the publication of the US Federal Reserve Meting Minutes on Wednesday at 18:00 GMT. On Thursday, the top event of the week will take place. At
The 1.3300 mark held, and a decline occurred throughout the week. In general, one event after another has strengthened the US Dollar, which has resulted in a decline of the GBP/USD as low as the 1.3050 level. Meanwhile, it was observed that the pair faced the resistance of the 50-hour simple moving average. Economic Calendar This week, the markets could react to
On Friday, the EUR/USD plummeted due to the US Dollar strengthening that was caused by the much better than expected US monthly employment data. On the EUR/USD charts, it coincided with the pair bouncing off the resistance zone at 1.1040/1.1065 and the 50-hour simple moving average. Afterwards, the pair found support in the 1.0950 level. Economic Calendar Analysis This week, the markets
The decline of the price of Gold found support in the combination of the 2,630.00 level and the 200-hour simple moving average. These levels were enough to cause a surge of the metal to the 2,670.00 level, where it encountered resistance. On Wednesday, the pair had declined to look for support in the moving averages. Economic Calendar Analysis On Thursday, the Institute
The support of the 141.70 level was enough to cause a broader recovery. By mid-Wednesday, despite various resistance levels, the rate managed to break above 145.00 and was heading to the 146.50 level. Economic Calendar On Thursday, the Institute for Supply Management will publish the Seervices sector Purchasing Managers Index at 14:00 GMT. Large deviation from the forecast could cause a USD
All the previously described support levels eventually failed, despite holding for a couple of hours. Eventually, by mid-Wednesday it was observed that the pair had found support in the 1.3250 level. The level had caused a recovery that was testing the resistance of the 1.3300 mark. Economic Calendar On Thursday, the Institute for Supply Management will publish the Seervices sector Purchasing Managers
The EUR/USD has failed to pass the resistance zone above 1.1200. The rate has declined and passed below one support range after another. On Wednesday, it looked like the currency pair had found support in the 1.1050 range. Meanwhile, resistance was provided by the 1.1075/1.1085 zone. Economic Calendar Analysis On Thursday, the Institute for Supply Management will publish the Seervices sector Purchasing
On Friday, the price of gold revealed a resistance zone at 2,680.00/2,685.00. The reveal coincided with the release of US fundamental data that caused a decline down to the support of the 2,650.00/2,655.00 range. The rate fluctuated between these two levels until US PCE data provided future direction. Further direction is downwards. Moreover, a channel down pattern has been spotted. Economic
The announced stimulus by the Chinese government caused a surge of assets and currencies across all of Asia. The Japanese yen also surged on Friday. The event resulted in the pair dropping from 146.50 level down to 143.00. Moreover, the decline continued on Monday, as the pair reached the support range at 141.70/142.00. Economic Calendar This week, the market could move due
The decline of the GBP/USD eventually broke the channel up pattern, but found support in the 1.3300/1.3315 range. Since then, the pair has been testing the resistance of the high level range at 1.3425/1.3435. In the meantime, support has been provided by the 50 and 100-hour simple moving averages. Economic Calendar This week, the market could move due to a couple of
Since Wednesday, the EUR/USD is finding support near the 1.1120 level. Meanwhile, resistance is encountered at 1.1200/1.1215. In addition, the pair is impacted by the combination of the 50, 100 and 200-hour simple moving averages near 1.1150. Economic Calendar Analysis This week, the market could move due to a couple of scheduled macroeconomic data releases. On Tuesday, note the release of the