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The USD//JPY has been broadly trading between the support of the 145.00 mark and the 146.50 level since August 14. In general, both of these levels are surrounded by support and resistance zones. Namely, support is found at 144.90/145.15 and resistance is provided by the 146.30/146.55 range. On Tuesday, the pair bounced off the resistance zone and declined to find support
On Tuesday morning, the GBP/USD pierced the resistance of the 1.2782/1.2792 range. However, the 1.2800 stopped the rate and forced it back down to the 1.2760 level. Economic Calendar On Wednesday, watch the UK Manufacturing and Services sector Purchasing Managers Index results. Survey results for are set to be released at 08:30 GMT. Later on, at 13:45 GMT, the US PMIs are scheduled
The EUR/USD has bounced off the resistance zone at 1.0930/1.0950. The event was followed by a sharp decline on Tuesday morning. By mid-day, the rate had passed below the support of the 1.0900 mark and the combination of the 50 and 100-hour simple moving averages and the weekly simple pivot point at 1.0890. Economic Calendar Analysis On Wednesday, watch the European
The price for gold found support in the 1,885.00 level and started a recovery. On Tuesday, the recovery reached above 1,900.00. However, resistance was encountered in the combination of the 1,902.50/1,905.00 range and the 200-hour simple moving average. A decline of the metal's price could look for support in the combination of the 1,895.00 level and the 50 and 100-hour
The major bank JPMorgan has stated that the threshold for an invention of the Bank of Japan in the Forex market was the USD/JPY 150.00 level. Namely, the BoJ is expected to strengthen the Yen and cause a drop of the currency rate.
The USD//JPY has been broadly trading between the support of the 145.00 mark and the 146.50 level since August 14. In general, both of these levels are surrounded by support and resistance zones. Namely, support is found at 144.90/145.15 and resistance is provided by the 146.30/146.55 range. On Tuesday, the pair bounced off the resistance zone and declined to find
On Tuesday morning, the GBP/USD pierced the resistance of the 1.2782/1.2792 range. However, the 1.2800 stopped the rate and forced it back down to the 1.2760 level. An extension of a retracement downwards is expected to look for support at two levels. First is the combination of the 50 and 100-hour simple moving averages near 1.2750. Further below, take into
The EUR/USD has bounced off the resistance zone at 1.0930/1.0950. The event was followed by a sharp decline on Tuesday morning. By mid-day, the rate had passed below the support of the 1.0900 mark and the combination of the 50 and 100-hour simple moving averages and the weekly simple pivot point at 1.0890. An extension of the ongoing decline is
The Black Knight Home Prices Index has revealed that home prices in the United States have reached a new all-time high level.
United Kingdom's authorities have allowed the Broadcom's acquisition of VMware for a total of $69 billion.
This week, equity markets were waiting for the publication of NVidia quarterly results. The company has previously announced expectations of stunning profits due to global demand for AI.
The Peoples Bank of China has announced a new policy interest rate cut. However, the cut was only 0.10%, which surprised the markets that were expecting 0.15% cut.
Dear Dukascopy clients, note that the requirements for equity are bound to change during the weekend. Please, adjust your positions accordingly to avoid unexpected margin calls. Maximum available leverage for the weekends and other market closure days is set to 1:30 (1:60 for accounts with maximum leverage of 1:200). The purpose of this policy is to mitigate risks caused by potential
The Big Short Michael Burry has been revealed to be holding S&P 500 and Nasdaq 100 put options.
The rating agency Fitch has announced that it could reduce the ratings of multiple US banks, including JPMorgan.
This week, it was revealed that inflation in Canada has reached 3.3% mark on a month on month basis. Inflation has continued to remain stubbornly high despite the Reserve Bank of Canada attempting to reduce it.
As the Chinese youth jobless rate hit a new record high, the Chinese authorities have decided to stop publishing the data set.
The electric vehicle maker Tesla has announced new cheaper Model S and X versions for the sale in the United States that would have reduced driving ranges.
Binance has filed a request for a court order against the US Securities and Exchange Commission. The exchange claims that the regulator has been filing unduly burdensome requests for information.
The Peoples Bank of China has reduced its monetary policy rate in an effort to stimulate the economy. The country's economy has been struggling despite the reopening after the COVID-19 restrictions.
The price for gold has continued to decline, as support levels turn into resistance and new low levels are reached. On Tuesday, the commodity shortly traded below the 1,900.00 mark. However, support was found in the lower trend line of the broader channel down pattern. Economic Calendar Analysis This week, watch out for the US Federal Reserve Federal Open Market Committee Meeting
The channel up pattern had continued to guide the USD/JPY through resistance levels as far as 145.85. However, on Tuesday a decline occurred during which the lower trend line of the pattern was broken. By late trading hours of the day, the pair was finding support in the 144.90/145.10 range and the 50-hour simple moving average. Economic Calendar This week, watch out
The GBP/USD has shortly traded below the 1.2667/1.2685 range on Monday. However, the decline did not result in a broad descending of the pair, as support was found in 1.2620. On Tuesday, the pair had recovered and traded near 1.2750. The 50, 100 and 200-hour simple moving averages failed to stop the GBP recovery against the USD. Economic Calendar This week, watch
The EUR/USD has retreated below the 1.0935/1.0950 range and shortly traded below 1.0900. On Tuesday, the 1.0950 level was acting as resistance and support was found in 1.0900. Economic Calendar Analysis This week, watch out for the US Federal Reserve Federal Open Market Committee Meeting Minutes release on Wednesday at 18:00 GMT. The meeting minutes might impact the value of the