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The bounce off from the resistance zone at 1.0740/1.0760 found support in the 50-hour simple moving average close above the 1.0700 level. During the first half of Monday's trading, the rate continued to fluctuate in the 1.0710/1.0750 range. In general, previous forecasts remain intact. If the Euro recovers against the US Dollar, the pair would have to pass the 1.0740/1.0760
The Bank of Japan Governor Haruhiko Kuroda has revealed that inflation poses risks to the Japanese economy.
In April, despite decreased trade with Russia, German exports increased by 4.4%, which beat the market forecast increase of 3.1%.
Walmart has announced that it would add new 4,000 jobs via the creation of four new fulfillment centers.
On Friday, the CEO of Tesla Elon Musk sent out an email in which a wish for a 10% cut of non-vital Tesla jobs had been suggested.
On Thursday, the price for gold managed to reach above the 1,865.00/1,870.00 resistance zone. However, even before reaching the 1,875.00 level, the price started to decline. On Friday, the price had found support in the 50-hour simple moving average near 1,857.00. Economic Calendar Analysis On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets
On Friday morning, the USD/JPY found enough support in the 129.50/129.80 zone to start a surge. By the middle of the day's trading, the pair had already passed above the 130.50 mark. Economic Calendar On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of the USD. Hourly Chart If the US
The GBP/USD found enough support in the 1.2460/1.2480 zone on Thursday to sharply surge up to the weekly simple pivot point at 1.2588. The pivot point acted as resistance and caused a decline to the 1.2520 level. At mid-day on Friday, the pair was highly volatile between the support of the 50-hour simple moving average near 1.2540 and the resistance
On Friday morning, the EUR/USD bounced off the resistance of the 1.0740/1.0760 zone. The following decline eventually reached the support of the 50-hour simple moving average at 1.0705. The touching of the 50-hour SMA was consistent with the dip, which was caused by the release of the monthly US employment data at 12:30 GMT. Economic Calendar Analysis On Thursday, the ECB Main
On Thursday, the price for gold managed to reach above the 1,865.00/1,870.00 resistance zone. However, even before reaching the 1,875.00 level, the price started to decline. On Friday, the price had found support in the 50-hour simple moving average near 1,857.00. A potential resumption of the surge of the yellow metal's price would have to once again pass the 1,865.00/1,870.00 zone,
On Friday morning, the USD/JPY found enough support in the 129.50/129.80 zone to start a surge. By the middle of the day's trading, the pair had already passed above the 130.50 mark. If the US Dollar continues to surge against the Japanese Yen, resistance is most likely going to be provided by the 131.00/131.40 zone, which captures the April high levels. Meanwhile,
Reuters recently revealed that various traders and analysts expect food price in China to rise due to record global wheat prices.
The GBP/USD found enough support in the 1.2460/1.2480 zone on Thursday to sharply surge up to the weekly simple pivot point at 1.2588. The pivot point acted as resistance and caused a decline to the 1.2520 level. At mid-day on Friday, the pair was highly volatile between the support of the 50-hour simple moving average near 1.2540 and the resistance
On Friday morning, the EUR/USD bounced off the resistance of the 1.0740/1.0760 zone. The following decline eventually reached the support of the 50-hour simple moving average at 1.0705. The touching of the 50-hour SMA was consistent with the dip, which was caused by the release of the monthly US employment data at 12:30 GMT. If the Euro recovers against the
The release of the monthly US employment data at 12:30 GMT caused a surge of the US Dollar's value. The EUR/USD reacted to the news with a 30 base point decline over a span of 15 minutes.
The release of the monthly US employment data at 12:30 GMT caused a surge of the US Dollar's value. The EUR/USD reacted to the news with a 30 base point decline over a span of 15 minutes. The US Average Hourly Earnings increased by 0.3%, compared to the expected 0.4%. Non-farm Employment Change was revealed to be at 390,000 and
This week, the German top court ruled that Google and YouTube would be liable for copyright damages caused by third party uploads on the video platform.
The April and May descending channel pattern was broken on May 20. The German stock index afterwards confirmed the previous resistance line as support, before starting a surge. By the start of June, the stocks were approaching the March high level zone at 14,825.00/14,940.00. Meanwhile, the resistance zone was being approached by the 200-day simple moving average near 15,000.00. If
Various consumer advocate groups have combined their influence to request US regulators to investigate Electronic Arts use of loot boxes and aggressive pressure on players to spend more.
The USD/CHF pair reached parity shortly after the May 10 publication signaled that it is set to occur. Afterwards, the rate shortly touched the early 2018 high levels at 1.0060, before starting a steep decline. During the second part of May, support to the decline was found in the 0.9700 mark, the 50-day simple moving average near 0.9600 and
At mid-day on Thursday, the US ADP Non-farm Employment data release caused a sell off of the US Dollar. On the USD/CAD the event resulted in a decline below the 1.2600 mark. On Friday morning, the rate fluctuated almost flat near the 1.2570 level. If the pair resumes its decline, the USD/CAD could look for support in the 1.2550 mark.
During the night between Thursday and Friday, the GBP/JPY currency pair reached above the 162.95/163.30 zone. However, it was spotted that the 163.50 level had immediately acted as resistance. If the rate passes above 163.50, the GBP/JPY currency exchange rate might encounter additional resistance in the 164.00 and 164.50 levels, before reaching the weekly R3 simple pivot point at 164.69. On
The support of the 0.7140 level was enough to cause a major surge of the AUD/USD rate. the surge shortly paused at 0.7200 and 0.7224/0.7230. During the midnight hour to Friday, the pair touched the 0.7280 level, before retracing down to look for support. Support appeared to be found in the 0.7250 mark and the weekly R2 simple pivot point
At the start of Thursday's US trading hours, Microsoft stock plummeted 3.88% or 10.55 USD, as the company lowered its 2022 profit forecast. In general, the company revealed that it is suffering majorly due to the high value of the US Dollar. Namely, its services export unit is charging outside the US its clients in other currencies, which are