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The price for gold reached the 1,870.00 level during Tuesday's trading hours. Afterwards, a decline started. During the early hours of Wednesday's US trading, the price was looking for support in the 1,850.00 level. Meanwhile, Dukascopy Analytics marked on the chart the channel up pattern, which has guided the commodity price from the May 16 low level. Economic Calendar Analysis On Wednesday, the
On Tuesday, the decline of the USD/JPY pair found support in the 126.50 level. Namely, support was provided by the 126.37/126.50 zone. By the start of Wednesday's US trading hours, the pair had reached the 50-hour simple moving average, which acted as resistance. However, at 14:30 GMT, the pair broke the resistance and started a surge. Economic Calendar On Wednesday, the rate
The markets appear to have taken in the information about the UK market, which was given by the UK PMIs and caused the drop on Tuesday. It is assumed because the GBP/USD has revealed support and resistance zones. Support zone is located at 1.2472/1.2480. Meanwhile, resistance is at 1.2555/1.2560. Economic Calendar On Wednesday, the rate is bound to move due to the
The EUR/USD eventually bounced off the resistance of the 1.0750 mark and by the middle of the day's trading, the pair had reached below the support line of the channel up pattern, which had guided the surge since mid-May. However, support was almost immediately found in the 1.0625/1.0640 range, the 100-hour simple moving average and the weekly R1 simple pivot
The price for gold reached the 1,870.00 level during Tuesday's trading hours. Afterwards, a decline started. During the early hours of Wednesday's US trading, the price was looking for support in the 1,850.00 level. Meanwhile, Dukascopy Analytics marked on the chart the channel up pattern, which has guided the commodity price from the May 16 low level. If the commodity price
On Tuesday, the decline of the USD/JPY pair found support in the 126.50 level. Namely, support was provided by the 126.37/126.50 zone. By the start of Wednesday's US trading hours, the pair had reached the 50-hour simple moving average, which acted as resistance. However, at 14:30 GMT, the pair broke the resistance and started a surge. If the pair continues to
The markets appear to have taken in the information about the UK market, which was given by the UK PMIs and caused the drop on Tuesday. It is assumed because the GBP/USD has revealed support and resistance zones. Support zone is located at 1.2472/1.2480. Meanwhile, resistance is at 1.2555/1.2560. If the Pound recovers against the US Dollar, the currency pair would
The EUR/USD eventually bounced off the resistance of the 1.0750 mark and by the middle of the day's trading, the pair had reached below the support line of the channel up pattern, which had guided the surge since mid-May. However, support was almost immediately found in the 1.0625/1.0640 range, the 100-hour simple moving average and the weekly R1 simple
On Tuesday, the Finance Minister of France Bruno Le Maire stated that the EU would sign the agreement for a global minimum corporate tax on June 17 despite current opposition from Poland.
Since the previous review of the USD/SGD technical chart, the pair had broken the resistance zone at 1.3690/1.3750 and the upper trend line of the channel up pattern. Afterwards, a surge occurred to the 1.3990 level on May 12. By May 25, the rate had declined from the 1.3990 level and retraced to the 1.3690/1.3750 range. If the US Dollar resumes
Since plummeting in early May, the price for BTC/USD has been trading above a support zone at 28,900.00/29.550.00. If the price for the cryptocurrency recovers, it would face the resistance of the February 2022 low level zone at 33,170.00/34,470.00. Higher above, note the resistance of the 50-day simple moving average near 36,450.00 and the upper trend line of the
Airbnb announced this week that the company would shut down its domestic business in China on July 30.
On Tuesday, the USD/CAD jumped and reached the 1.2875 level. Afterwards, a decline back to the 1.2800 mark and the 50-hour simple moving average occurred. On Wednesday, the currency pair recovered and approached the 200-hour simple moving average near 1.2845. If the US Dollar recovers against the Canadian Dollar, the rate would have to pass the resistance of the weekly simple
The decline, which was caused by the UK PMI data release, found support in the 158.00 mark. The event was followed by a recovery up tot he resistance of the weekly simple pivot point at 159.65. During Wednesday's early European trading hours, the pair bounced off the resistance zone and appeared to be heading lower. The decline of the GBP/JPY could
The 0.7060 provided the AUD/USD with support, which was enough to cause a surge and additional testing of the resistance of the weekly R1 simple pivot point at 0.7117. On Wednesday morning, the pair bounced off the resistance level and declined to the 100-hour simple moving average near 0.7070. A move below the 0.7070 and 0.7060 levels could result in a
On Wednesday morning, the EUR/JPY currency exchange rate declined below the support of the 50 and 100-hour simple moving averages and reached the 135.50 level. A move below the 135.50 level could look for support in the 200-hour simple moving average near 135.30 and the weekly simple pivot point at 135.14. Further below, take into account the late May
On May 25, the Reserve Bank of New Zealand hiked its Official Cash Rate from 1.50% up to 2.00%. The hike was already expected by the markets. The announcement strengthened the New Zealand Dollar. Meanwhile, the bank revealed that inflation is above the bank's targets, despite its recent efforts and rate hikes, some of which were higher than expected. Quoting the statement:
This week, the European Central Bank announced that the crypto markets pose a risk to global financial stability.
On Tuesday, European Purchasing Managers Index survey results revealed that business growth in the Euro Zone had declined in May.
India's top cryptocurrency app CoinSwitch announced on Monday that financial regulators should create certainty for the future pf cryptocurrencies to boost investment.
The stock price for Snap Inc plummeted at the start of the day's trading, as the company announced abysmal quarterly results prior to the market opening. During the first five minutes of trading, the stock price had lost 37.92%
This week, Meta Platforms announced that the company would share its data about political and social-issue ad campaigns, which are run on its Facebook platform.
The price for gold has found support in the 50-hour simple moving average. By the middle of Tuesday's trading hours, the SMA had stopped three declines of the metal's price. Economic Calendar Analysis On Wednesday, the rate is bound to move due to the release of the Federal Open Market Committee Meeting Minutes at 18:00 GMT. On Thursday, the US quarterly Preliminary GDP
The USD/JPY encountered resistance in the 100-hour simple moving average and the 128.00 mark at midnight to Tuesday. During the first half of Tuesday's trading hours, the pair had declined and approached the support of the 127.00 level. Economic Calendar On Wednesday, the rate is bound to move due to the release of the Federal Open Market Committee Meeting Minutes at 18:00