The price for hold almost touched the 2,045.00 mark on Wednesday. However, US central bankers made comments that they will not cut interest rates until clear inflation decline occurs. Since inflation recently returned, it is clear that a rate decrease won't come soon. Due to this reason, the USD surged in value and price for gold dropped. By mid-Thursday,
The USD/JPY retraced on Tuesday down to the support of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 147.60. The pair fluctuated above these levels, as it was kept down by the 50-hour simple moving average. However, recently the US Fed officials stated that they do not want any rate cuts, unless inflation
Since Tuesday, the rate has moved back above the 1.2590/1.2610 range. However, the pair has not properly tested the combined resistance of the 1.2650 and 200-hour simple moving average. Instead, comments made by US central bankers have moved the rate down. On mid-Thursday, the rate was testing the support of the 1.2590/1.2610 range and the 50 and 100-hour simple
Since encountering support at 1.0720/1.0740, the EUR/USD rate slightly recovered. However, the recovery did not manage to reach the 1.0800 mark, as on Thursday the rate declined and was heading back to the support range. The decline was attributed to recent comments by US central bankers that they want inflation to got down, before considering rate cuts. If the
The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance. The events caused a drop
The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance. The events resulted in the
The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance. On the GBP/USD charts the
The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance. The EUR/USD has declined to
The United States Federal Reserve has just published its Federal Funds Rate. As expected, the central bank has kept its base rate unchanged at 5.50%. The no change was expected. Afterwards, the markets were looking forward to the follow up press conference of the Chairman of the Federal Reserve Jerome Powell. In general, the head of the central
The United States Federal Reserve has just published its Federal Funds Rate. As expected, the central bank has kept its base rate unchanged at 5.50%. The no change was expected. Afterwards, the markets were looking forward to the follow up press conference of the Chairman of the Federal Reserve Jerome Powell. In general, the head of the central bank stated
Both the US Federal Reserve and the Bank of England have kept interest rates unchanged. However, for some reason the GBP/USD dropped on the US announcement and then sharply recovered on the UK announcement. The rates were expected to remain unchanged and supposedly the news were priced in. Due to this reason the reason for the fluctuations are unclear. The
The United States Federal Reserve has just published its Federal Funds Rate. As expected, the central bank has kept its base rate unchanged at 5.50%. The no change was expected. The markets were looking forward to the follow up press conference of the Chairman of the Federal Reserve Jerome Powell. In general, the head of the central bank stated
The price for gold found support in the 50, 100 and 200-hour simple moving averages and returned to test the 2,035.00/2,040.00 range. At mid-Tuesday, the price passed above the range. The surge was heading to the 2,050.00 mark, where a pause could take place, before the publication of the US Federal Funds Rate. A continuation of the surge above 2,050.00
The pair was expected to surge during later Monday's trading hours, as the US Treasury increased its debt by issuing new bonds. Namely, more USD was pumped into the global market from thin air. The event forced the USD/JPY to pass below the lower trend line of the ascending wedge, the 50, 100 and 200-hour simple moving averages and
The GBP/USD has continued to be drawn to the 1.2700 mark as a magnet. It has been bouncing around this level since mid-December. Most recently, it was observed that potential surges or drops of the rate are stopped near round exchange rate levels. This week, the rate has been bouncing between the 1.2660 and 1.2720 levels, as it is
Prior to the release of the US Federal Reserve Rate announcement, the EUR/USD dropped and found support in the combination of the 1.0800 level and the weekly S1 simple pivot point at 1.0798. The event was followed by a surge that eventually broke the 1.0820/1.0830 range, the 50-hour simple moving average and the resistance line that has pushed the
The price for gold bounced off the resistance range at 2,035.00/2,040.00 and declined to the combined support of the 50, 100 and 200-hour simple moving averages near 2,020.00. A move below 2,020.00 is set to look for support in the 2,010.00 level and the 2,005.00 level. These levels have acted as support and kept the commodity from reaching the 2,000.00
The USD/JPY has found support in the 146.65/147.10 range and started a surge. The surge is occurring in an ascending wedge pattern. The surge is being supported by the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point, as they have turned into support on Monday. The surge of the Dollar against the Japanese Yen is
The GBP/USD has continued to be drawn to the 1.2700 mark as a magnet. It has been bouncing around this level since mid-December. Most recently, it was observed that potential surges or drops of the rate are stopped near round exchange rate levels. Support is likely set to find support in the 1.2680 level. Further below, note the 1.2650/1.2660
The EUR/USD has continued to be volatile near the 1.0900 mark, as various data has come in and bounced the rate around. However, this week the pair passed below the 1.0820/1.0830 range and appeared to be confirming it as resistance. An extension of the ongoing decline is set to look for support in the 1.0800 mark and the weekly S1
Throughout the past week, the financial markets have been reacting to United States fundamental data releases. In general, Consumer and Producer price indices and Retail Sales data have revealed that prices are going higher and the consumers don't care and just keep buying. Namely, the US Federal Reserve is not likely to cut interest rates, as the markets suddenly
Throughout the past week, the financial markets have been reacting to United States fundamental data releases. In general, Consumer and Producer price indices and Retail Sales data have revealed that prices are going higher and the consumers don't care and just keep buying. Namely, the US Federal Reserve is not likely to cut interest rates, as the markets suddenly
Throughout the past week, the financial markets have been reacting to United States fundamental data releases. In general, Consumer and Producer price indices and Retail Sales data have revealed that prices are going higher and the consumers don't care and just keep buying. Namely, the US Federal Reserve is not likely to cut interest rates, as the markets suddenly
Throughout the past week, the financial markets have been reacting to United States fundamental data releases. In general, Consumer and Producer price indices and Retail Sales data have revealed that prices are going higher and the consumers don't care and just keep buying. Namely, the US Federal Reserve is not likely to cut interest rates, as the markets suddenly