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First of all, the surge of the USD/JPY has respected the upper trend line of the channel up pattern. However, the trend line might have been strengthened by the 147.00 level. Since the event, the rate retraced to the combined support of the weekly R2 simple pivot point at 146.64 and the 146.65 level. Up to mid-Thursday, the rate was
Prior to the US Consumer Price Index release, the GBP/USD approached the resistance zone at 1.1175/1.1180. Future direction depends on the US CPI at 12:30 GMT. Economic Calendar On Thursday, the top event of the week will take place. The United States Consumer Price Index is scheduled to be published at 12:30 GMT. On Friday, at 12:30 GMT, the US Retail Sales
As the EUR/USD waited for the US CPI release on Thursday at 12:30 GMT, the pair remained in previous range. The future direction will be set by the macroeconomic data release. High inflation will beat the rate down and low inflation will cause a surge. Economic Calendar Analysis On Thursday, the top event of the week will take place. The United States
Since October 11, the price for gold was almost flat, as the markets expected the US Consumer Price Inflation data at 12:30 GMT. The news are set to massively impact the US Dollar's value. Subsequently, the price for gold is set to adjust. A recovery is expected to find resistance in the 1.675.00 and 1,680.00 levels, before the Tuesday's high is
First of all, the surge of the USD/JPY has respected the upper trend line of the channel up pattern. However, the trend line might have been strengthened by the 147.00 level. Since the event, the rate retraced to the combined support of the weekly R2 simple pivot point at 146.64 and the 146.65 level. Up to mid-Thursday, the rate was
Prior to the US Consumer Price Index release, the GBP/USD approached the resistance zone at 1.1175/1.1180. Future direction depends on the US CPI at 12:30 GMT. A lower than expected inflation reading would result in a surge above 1.1175/1.1180, the 200-hour simple moving average, the 1.1200 mark and the weekly simple pivot point at 1.1215. Higher above, note the 1.1250, 1.1300
As the EUR/USD waited for the US CPI release on Thursday at 12:30 GMT, the pair remained in previous range. The future direction will be set by the macroeconomic data release. High inflation will beat the rate down and low inflation will cause a surge. A move down by the Euro against the USD lower would look for support first
The International Monetary Fund has warned that geopolitical events and inflation are bound to increase financial stability risks.
This week, the USD/JPY currency exchange rate reached above the Bank of Japan intervention level, as the pair clearly broke above 146.00.
Nissan Motor Company has revealed that it would incur a loss of $687 million due to the sale of its shares in Nissan Manufacturing Russia LLC to the Russian state owned NAMI for 1 Euro.
The official UK unemployment rate has declined to 3.5%, which is the lowest since 1974. However, the decline has occurred due to people failing to find work after a prolonged period and being removed from the official pool of economically active part of population.
The 1,657.50/1,662.50 zone has acted as support and held the price for gold up. Meanwhile, note that a surge up to the 1,685.00 was caused by fundamental news from the Bank of England. However, on Wednesday morning, the pair was once again at the support zone. Economic Calendar Analysis This week, the markets are looking forward for the monthly United States inflation
The USD/JPY trades above the levels, where the Bank of Japan intervened with a 20 billion USD purchase of the Japanese Yen. The central bank appears to have failed at its attempt to stop the rate from reaching new highs. On Wednesday morning, the currency rate was clearly heading to the 146.50 level. In the meantime, it has been spotted that
Two members of the Monetary Policy Council of the Polish Central Bank have revealed that the Governor Adam Glapinski and four other members intend to seek legal action against policymakers over statements made about policy to the public.
Announcements made by the Bank of England to pension funds and the broader markets increased the Pounds volatility. On the GBP/USD charts the result was a surge up to 1.1175/1.1180 and a follow up decline down to 1.0920/1.0935. On Wednesday morning, the currency pair had recovered to the combined resistance of the 1.1050 level and the 50-hour simple moving average. Economic Calendar This
Despite shortly reaching above 0.9750, the EUR/USD still trades near 0.9700. Namely, the pair attempted to surge and encountered resistance in the 100-hour simple moving average. On Wednesday morning, the SMA had approached the 0.9750 level. Economic Calendar Analysis This week, the markets are looking forward for the monthly United States inflation and retail sales data. In addition, on Wednesday, the FOMC
The 1,657.50/1,662.50 zone has acted as support and held the price for gold up. Meanwhile, note that a surge up to the 1,685.00 was caused by fundamental news from the Bank of England. However, on Wednesday morning, the pair was once again at the support zone. A recovery from the support zone is expected to find resistance in the 1.675.00
The USD/JPY trades above the levels, where the Bank of Japan intervened with a 20 billion USD purchase of the Japanese Yen. The central bank appears to have failed at its attempt to stop the rate from reaching new highs. On Wednesday morning, the currency rate was clearly heading to the 146.50 level. In the meantime, it has been spotted
Announcements made by the Bank of England to pension funds and the broader markets increased the Pounds volatility. On the GBP/USD charts the result was a surge up to 1.1175/1.1180 and a follow up decline down to 1.0920/1.0935. On Wednesday morning, the currency pair had recovered to the combined resistance of the 1.1050 level and the 50-hour simple moving average. A
Despite shortly reaching above 0.9750, the EUR/USD still trades near 0.9700. Namely, the pair attempted to surge and encountered resistance in the 100-hour simple moving average. On Wednesday morning, the SMA had approached the 0.9750 level. A move of the Euro against the USD lower would look for support first in this week's low level zone at 0.9670/0.9680. An
In September, Chinese auto sales growth in China declined, as signs of a decrease in demand had been observed.
The Chinese government has increased its testing and anti-infection measures in major Chinese cities, as the numbers of cases in the country have increased.
Survey results have revealed that in August European investor morale had reached a new low level, which had not been observed since May 2020.
In August of 2022, compared to August of 2021, natural gas imports to Spain have reportedly increased by 3.3%