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The USD/JPY currency pair has extended its surge above 140.00. During the first half of Friday's trading, the pair was finding support in the weekly R3 simple pivot point at 140.35. Economic Calendar The top event of the week is scheduled for Friday, at 12:30 GMT. At that time, the US Unemployment Rate, Non-farm Employment Change and the Average Hourly Earnings are
NVidia has announced that US authorities have ordered the company to stop its sales of top AI chips to China. The news caused a drop of the company's stock.
The Pound has continued to decline against the US Dollar. On Thursday, the pair hit the 1.1500 mark, which acted as support. Since mid-Thursday, the rate has retraced and been trading around the 1.1550 level. Economic Calendar The top event of the week is scheduled for Friday, at 12:30 GMT. At that time, the US Unemployment Rate, Non-farm Employment Change and the
The EUR/USD Thursday's drop found support in the August low level zone at 0.9900/0.9915. The support zone was enough to cause a recovery of the pair. During the early hours of Friday's trading, the pair had approached the 1.0000 mark. Economic Calendar Analysis The top event of the week is scheduled for Friday, at 12:30 GMT. At that time, the US Unemployment
On Thursday, the price for gold reached below the 1,700.00 mark and hit the 1,690.00 level, which acted as support. By 09:30 GMT, the price had recovered and broken the upper trend line of the channel down pattern and the 50-hour simple moving average. A continuation of the surge of the commodity was expected to encounter resistance in the 1.710.00/1,715.00
The USD/JPY currency pair has extended its surge above 140.00. During the first half of Friday's trading, the pair was finding support in the weekly R3 simple pivot point at 140.35. A move above the weekly R3 pivot point at 140.35 might encounter resistance in the 140.50 and 141.00 levels, before the USD/JPY reaches the upper trend line of
The Pound has continued to decline against the US Dollar. On Thursday, the pair hit the 1.1500 mark, which acted as support. Since mid-Thursday, the rate has retraced and been trading around the 1.1550 level. In the case of a decline, the pair would once again look for support in the 1.1500 mark. Further below, the weekly S3 simple pivot
The EUR/USD Thursday's drop found support in the August low level zone at 0.9900/0.9915. The support zone was enough to cause a recovery of the pair. During the early hours of Friday's trading, the pair had approached the 1.0000 mark. A move above the 1.0000 mark and the 50 and 100-hour simple moving averages might encounter resistance in the
Bloomberg has revealed that Russia intends to buy up to $70 billion worth of friendly currencies, among which dominates the Yuan.
This week, the Yen reached a 24-year low level, as the Bank of Japan, contrary to other central banks, has continued its easy monetary policy.
At 14:00 GMT, the US Dollar strengthened against peer currencies and other assets. The surge occurred due to the better than expected US Institute for Supply Management Purchasing Managers Index survey results
European stock indices ended August trading at lower levels than at the start of the month, as inflation in the EU and UK had increased beyond market expectations and monetary tightening was set to increase.
At 14:00 GMT, the US Dollar strengthened against peer currencies and other assets. The surge occurred due to the better than expected US Institute for Supply Management Purchasing Managers Index survey results. The index beat the market expectations of 52.1 by being revealed to be 52.8. The better results indicate that the US Federal Reserve can continue to tighten
With the start of a new month, the USD/CAD broke the resistance of the 1.3150 mark. By the middle of Thursday's trading, the pair appeared to be finding support in the exchange rate level. An extension of the ongoing USD surge against the Canadian Dollar might encounter resistance in the 1.3200 mark, the July high level at 1.3222, the 1.3250
Russia has announced that it would not ship any natural gas through the Nord Stream 1 pipeline to Germany from August 31 01:00 GMT up to 01:00 GMT on September 3.
Since the start of Wednesday's trading, the GBP/JPY currency pair has been trading between the support of the 161.00 level and resistance at 161.70. In the case of a Pound's decline compared to the Japanese Yen, the pair would have to pass the support of the 161.00 and 160.50 levels, and the weekly S1 simple pivot point at 160.73. Further
The AUD/USD rate eventually reached below the support zone near 0.6840 and the weekly S1 simple pivot point at 0.6828. The following decline found support on Thursday morning in the 0.6800 level. The round exchange rate caused a retracement back up. By the middle of the day's trading, the 0.6840 level was confirmed as resistance. A resumption of the Australian Dollar's
The EUR/JPY currency pair has broken resistance levels and reached the 140.00 mark, where the surge appears to have paused. At mid-day on Thursday, the pair had retraced back below the 139.50 level and was approaching the combination of the 139.00 level and the 50-hour simple moving average. A resumption of the Euro's surge against the Japanese Yen would have
The descending channel's resistance line held and the price for gold has declined below the 1,710.00/1,715.00 zone. By the middle of Thursday's European trading hours, the commodity had reached the 1,700.00 mark. The round price level provided support, as it was expected. Economic Calendar Analysis On Thursday, at 14:00 GMT, the US ISM Manufacturing Purchasing Managers Index could cause a market adjustment. The
With the start of a new month, the USD/JPY broke the resistance of the 138.86/139.08 zone. During the early hours of Thursday's trading, the pair shortly reached above 139.50, prior to retracing and confirming the previous resistance zone as support. Economic Calendar On Thursday, at 14:00 GMT, the US ISM Manufacturing Purchasing Managers Index could cause a market adjustment. The top event of
The weekly S2 simple point's and the 1.1600 level's support held for half a day, before September started and the rate declined further. By the middle of Thursday's trading, the pair was heading to the 1.1550 level. Economic Calendar On Thursday, at 14:00 GMT, the US ISM Manufacturing Purchasing Managers Index could cause a market adjustment. The top event of the week is
The fundamental recovery of the EUR/USD eventually found resistance in the 1.0080 level. The 1.0080 level and the Friday's high level have been marked as a resistance zone. Meanwhile, the recent low levels have been charted to show a support zone. At mid-day on Thursday, the pair traded between the two zones at 1.0080/1.0090 and 0.9970/0.9980. Economic Calendar Analysis On Thursday, at
The descending channel's resistance line held and the price for gold has declined below the 1,710.00/1,715.00 zone. By the middle of Thursday's European trading hours, the commodity had reached the 1,700.00 mark. The round price level provided support, as it was expected. If the price passes below 1,700.00, round price levels could act as support, before the metal reaches the lower
With the start of a new month, the USD/JPY broke the resistance of the 138.86/139.08 zone. During the early hours of Thursday's trading, the pair shortly reached above 139.50, prior to retracing and confirming the previous resistance zone as support. An extension of the surge would have to clearly pass the 139.50 level, before approaching the 140.00 mark and the weekly