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The release of US inflation data caused a drop of the USD. On the USD/JPY charts it resulted in the pair passing below the support range at 134.60/134.70. Economic Calendar On Thursday, watch out for the US Producer Price Index publication at 12:30 GMT. In addition, at the same time the US weekly Unemployment Claims numbers will be out. Hourly Chart The ongoing
The release of the US Consumer Price Index revealed that inflation has acted almost as expected. Due to this reason the US Dollar lost value and the GBP/USD moved higher. The rate managed to beat the resistance zone at 1.2650/1.2670. Economic Calendar On Thursday morning, GBP traders will all watch the Bank of England Official Bank Rate hike at 11:00 GMT. In
The EUR/USD was looking for support in the weekly S1 simple pivot point, as the US CPI data release caused a surge of the rate. Following the release, the pair was heading to the 1.1000 mark and the technical levels above it. Economic Calendar Analysis On Thursday, watch out for the US Producer Price Index publication at 12:30 GMT. In addition, at
The United States Bureau of Labor Statistics has just published the monthly inflation data sets. The release consists of US Consumer Price index m/m, Consumer Price Index y/y and Core Consumer Price Index m/m changes in percent. The markets had already priced in inflation and market consensus forecasts were compiled. Due to this reason, the US Dollar value adjusts
The price for gold was looking for support, as the US Consumer Price Index release caused a sudden drop of the USD. However, it appears that the surge of the commodity price has been already stopped by the 2,050.00 mark and the upper trend line of a channel up pattern. A breaking of the channel and the 2,050.00 mark would most
The release of US inflation data caused a drop of the USD. On the USD/JPY charts it resulted in the pair passing below the support range at 134.60/134.70. The ongoing decline might look for support in the 134.00 and 133.50 levels, before approaching the cluster of support levels near 132.00. Meanwhile, a potential recovery of the US Dollar could encounter resistance in
The release of the US Consumer Price Index revealed that inflation has acted almost as expected. Due to this reason the US Dollar lost value and the GBP/USD moved higher. The rate managed to beat the resistance zone at 1.2650/1.2670. The ongoing surge of the pair might encounter resistance in the 1.2700 mark and the weekly R1 simple pivot point
The EUR/USD was looking for support in the weekly S1 simple pivot point, as the US CPI data release caused a surge of the rate. Following the release, the pair was heading to the 1.1000 mark and the technical levels above it. The pair might encounter resistance in the 1.1000 mark. Higher above, note the combination of the 50,
The United States Bureau of Labor Statistics has just published the monthly inflation data sets. US Consumer Price index m/m was forecast to have increased 0.4%. The actual number hit the forecast. Consumer Price Index y/y was forecast to have increased 5.0%. The actual number is 4.9%. Core Consumer Price Index m/m was forecast to have increased 0.3%. Core inflation
Amazon is offering its customers $10 for picking up their purchases on their own instead of delivery. The company intends to cut costs by moving them onto their customer.
LinkedIn has announced that it would fire more than 700 of employees, as the company phases out its Chinese app.
Today, the US Consumer Price Index data release at 12:30 GMT is set to impact the financial markets. Market participants are about to look at whether the inflation data sets will show a decline in the pace of price increases in the United States or a decrease. In general, higher than expected inflation is expected to pressure the US Federal Reserve
In the aftermath of the SEC accusing Bittrex of running an unregistered exchange, the company has filed for bankruptcy. However, the company would not close its business outside the United States.
US Treasury Secretary Janet Yellen has been reported by Reuters to have been calling various US company Chief Executive Officers to personally warn about the possible catastrophic impact of a United States sovereign default.
German industrial production has decreased more than forecast in March. The decline has occurred due to weak performance of the automotive sector.
43 Republicans of the US Senate have formed a group which would oppose a bill that would increase US debt ceiling without dealing with other issues like the US economy being in a "free fall."
Prior to the US CPI release, the price for gold steadily continued to gain. By mid-Tuesday, the pair had reached above 2,030.00. Economic Calendar Analysis This week, the US Consumer Price Index data release on Wednesday at 12:30 GMT is set to impact the financial markets. On Thursday, watch out for the US Producer Price Index publication at 12:30 GMT. In addition, at
The USD/JPY has been fluctuating around the 135.00 mark since late Friday. The rate has revealed resistance zones at 135.10/135.35 and support at 134.60/134.70. Meanwhile, the rate has been ignoring the 50, 100 and 200-hour simple moving averages. In general, the sideways trading is explained with the markets waiting for Wednesday's US Consumer Price Index data. Economic Calendar This week, the US
The GBP/USD has bounced off the 1.2650/1.2670 range. Note that this range marks a 2022 high level zone for the pair. Economic Calendar This week, the US Consumer Price Index data release on Wednesday at 12:30 GMT is set to impact the financial markets. On Thursday morning, GBP traders will all watch the Bank of England Official Bank Rate hike at 11:00 GMT.
The EUR/USD was heading to the support of the 1.0965 level on Tuesday morning. Economic Calendar Analysis This week, the US Consumer Price Index data release on Wednesday at 12:30 GMT is set to impact the financial markets. On Thursday, watch out for the US Producer Price Index publication at 12:30 GMT. In addition, at the same time the US weekly Unemployment Claims
Prior to the US CPI release, the price for gold steadily continued to gain. By mid-Tuesday, the pair had reached above 2,030.00. The ongoing surge of the metal's price could encounter resistance in the 2,050.00, 2,060.00 and 2,080.00 levels that have acted as resistance during the second part of past week's trading. On the other hand, a decline is almost certainly
The USD/JPY has been fluctuating around the 135.00 mark since late Friday. The rate has revealed resistance zones at 135.10/135.35 and support at 134.60/134.70. Meanwhile, the rate has been ignoring the 50, 100 and 200-hour simple moving averages. In general, the sideways trading is explained with the markets waiting for Wednesday's US Consumer Price Index data. A move below 134.60 would
The GBP/USD has bounced off the 1.2650/1.2670 range. Note that this range marks a 2022 high level zone for the pair. By mid-Tuesday the pair had declined to the 1.2600 mark and the 100-hour simple moving average. A move below this level could look for support in the weekly simple pivot point at 1.2571 and the 200-hour simple moving average
The EUR/USD was heading to the support of the 1.0965 level on Tuesday morning. A move below this level could look for support in the weekly S1 simple pivot point at 1.0942. In the case of the pair declining below the pivot point, note the 1.0900 mark. However, a recovery of the Euro against the US Dollar might encounter