Yesterday, the USD/JPY currency pair tumbled to the psychological level at 106.70. From a theoretical perspective, it is likely that the pair could continue to trade downwards within a newly revealed falling wedge pattern. Economic Calendar On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. Take a look at all of the historical reaction tables by
The GBP/USD exchange rate revealed a short-term descending channel. From a theoretical point of view, it is likely that some downside potential could prevail in the market. Economic Calendar On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. The week will end with the UK Retail Sales release at 08:30 GMT. Detailed data with moves in
During Thursday morning hours, the EUR/USD currency pair resumed to trade within the short-term ascending channel. From a theoretical perspective, it is likely that some downside potential could prevail. Economic Calendar Analysis On Thursday, the European Central Bank will make a rate statement and publish a monetary policy statement at 11:45 GMT. This event will be followed by the publication of
The XAU/USD exchange rate continued to decline within the short-term descending channel. From a theoretical point if view, it is likely that the rate could trade downwards within the given channel. Economic Calendar Analysis On Thursday, there will be the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. For more information read the weekly event review article by clicking on
During Wednesday morning hours, the USD/JPY currency pair dropped below 107.00. It is likely that the pair could gain support from the Fibo 38.20% at 106.86 and reverse north in the short run. Economic Calendar On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. Take a look at all of the historical reaction tables by clicking on
Yesterday, the GBP/USD exchange rate reversed north from the support formed by the weekly S1 and the monthly PP in the 1.2500 area. During Wednesday morning, the rate was trading at 1.2600. Economic Calendar On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. The week will end with the UK Retail Sales release at 08:30 GMT. Detailed
During Wednesday morning hours, the EUR/USD currency pair broke the upper line of the short-term ascending channel. Note that the pair could face the resistance level – the Fibo 50.00%, and reverse south. Economic Calendar Analysis On Thursday, the European Central Bank will make a rate statement and publish a monetary policy statement at 11:45 GMT. This event will be followed by
The XAU/USD exchange rate revealed a short-term descending channel. From a theoretical point of view, it is likely that the rate could trade downwards within the given channel. Economic Calendar Analysis This week, data releases are scheduled to start on Tuesday. The US CPI data sets have not caused notable moves. Normal volatility remains intact during the announcement. On Thursday, there will be the
The USD/JPY currency pair raised to the resistance level formed by the 200-hour SMA near 107.30. During Tuesday morning, the pair was testing the given resistance. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal volatility remains intact during the release. On Thursday, the publication of the
The GBP/USD exchange rate tumbled below the 1.2540 level. It is unlikely that some downside potential could prevail, as the rate could gain support from the weekly S1 and the monthly PP near 1.2500. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the UK GDP and the US CPI data sets have not caused notable moves. Normal
On Monday, the EUR/USD currency pair tested the weekly R1 at 1.1366. During Monday morning, the pair was testing the support formed by the 55- and 100-hour SMAs, as well the weekly PP near 1.1305. Economic Calendar Analysis This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal volatility
The XAU/USD exchange rate failed to surpass the psychological level at 1,810.00. During Monday morning, the rate resumed to test the given level. Economic Calendar Analysis This week, data releases are scheduled to start on Tuesday. The US CPI data sets have not caused notable moves. Normal volatility remains intact during the announcement. On Thursday, there will be the publication of the US Retail
The USD/JPY currency pair pierced the Fibo 38.20% at 106.86, however, failed to decline below 106.50. During Monday morning, the pair was testing the resistance provided by the 55-hour SMA and the weekly PP in the 107.10 area. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal
The GBP/USD exchange rate failed to exceed the psychological level at 1.2660. On Monday morning, the rate was testing the support formed by the 100-hour SMA and the weekly PP at 1.2590. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the UK GDP and the US CPI data sets have not caused notable moves. Normal
On Friday, the EUR/USD currency pair reversed north from the monthly PP at 1.1253. During Monday morning, the pair was testing the support formed by the 55- and 100-hour SMAs, as well the weekly PP near 1.1305. Economic Calendar Analysis This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal
The yellow metal failed to pass the resistance of the 1,815.00 level on Thursday. The commodity price retreated and on Friday found support in the 100-hour simple moving average at 1,795.90. This event resulted in a surge, which was set to result in another test of the mentioned 1,815.00 resistance level. Economic Calendar Analysis On Friday, the US Producer Price Index and US
The USD/JPY has continued to decline, as the support of the 107.20 level eventually gave in and let the rate fall. By the middle of Friday's GMT trading hours, the currency exchange rate had reached the 106.75 level and had no technical support as low as 106.46. Economic Calendar On Friday, the US Producer Price Index and US Core Producer Price Index
The GBP/USD did not continue its surge on Thursday. Instead, at 14:00 GMT, the rate began a decline. On Friday, the rate's decline had reached below the 1.2580 mark. On Friday morning, the rate had a few possible future scenarios. Economic Calendar On Friday, the US Producer Price Index and US Core Producer Price Index are set to be released. In the
The EUR/USD decline has passed the support of the hourly simple moving averages and reached the zone just above the 1.1250 level. During early Friday's trading hours, the pair was retracing up and had reached the 1.1290 level. Economic Calendar Analysis On Friday, the US Producer Price Index and US Core Producer Price Index are set to be released. In the recent
The resistance line of the 2019 and 2020 high levels has been broken, the yellow metal's price has reached a new high level. Namely, the surge was stopped by the resistance of the 1,815.00 price level. On Thursday, the commodity price was trading sideways, as it consolidated its gains and awaited for the support of the hourly simple moving averages. Economic Calendar
On Wednesday, a decline of the USD/JPY was expected. The forecast was not precise, as instead of gradually declining the rate plummeted below the target and crashed patterns in a couple of hours after the daily publication was made. On Thursday, the rate had found support in the 107.20 level and traded almost sideways. Economic Calendar On Thursday, at 12:30 GMT the
As forecast, the GBP/USD traded sideways until the 55-hour SMA caught up with it and pushed it up. Namely, the SMA caused a surge, which by the middle of Thursday's GMT trading hours had reached 1.2660 level. In theory, the pair should continue the surge, as it had no technical resistance as high as 1.2700. Economic Calendar On Thursday, at 12:30 GMT
The 100-hour SMA managed to hold on Wednesday. Eventually, the squeeze between the 55 and 100-hour SMAs resulted in a sharp move upwards, as the 55-hour SMA failed. At mid-day on Thursday, the rate was retreating to the combined support of the weekly R1 simple pivot point at 1.1308, the 55-hour SMA at 1.1305 and the 100-hour SMA at 1.1292. Economic
The yellow metal has broken the resistance of the 1,785.00/1,790.00 resistance zone in a sharp swing move upwards. The swing was stopped by the upper trend line of a rising wedge pattern on the hourly candle chart and the 2019 and 2020 high level connecting line on the daily candle chart. Economic Calendar Analysis On Thursday, at 12:30 GMT the weekly US Unemployment