Announcements by the Bank of Japan of upcoming tightening of JPY supply and that the bank does not want the USD/JPY above 152.00 pushed the rate down. The USD/JPY plummeted in sharp moves on Thursday and midnight to Friday. The rate reached the support zone at 150.70/150.90. However, the market still pushed the rate higher and at mid-Friday the US statisticians
On Friday, the United States Bureau of Labor Statistics published the country's monthly employment data. Markets reacted to the release by buying the US Dollar and selling off other assets. On the GBP/USD charts it resulted in a decline to levels near 1.2580, before a recovery occurred. This move and the price action before have confirmed the existence of support and
On Friday, the United States Bureau of Labor Statistics published the country's monthly employment data. Markets reacted to the release by buying the US Dollar and selling off other assets. On the EUR/USD charts it resulted in a drop to the combined support of the 1.0800 mark and the 100 and 200-hour simple moving averages. These levels held and caused a
Since Tuesday, US central bankers have made comments that they could cut interest rates. In addition, incoming data for various sectors confirms that the Federal Reserve could reduce rates. Moreover, the head of the Fed Jerome Powell has commented that easing could be done, if inflation continues to ease. Due to this reason, the US Dollar has declined in value. On
Since Tuesday, US central bankers have made comments that they could cut interest rates. In addition, incoming data for various sectors confirms that the Federal Reserve could reduce rates. Moreover, the head of the Fed Jerome Powell has commented that easing could be done, if inflation continues to ease. Due to this reason, the US Dollar has declined in value. On
Since Tuesday, US central bankers have made comments that they could cut interest rates. In addition, incoming data for various sectors confirms that the Federal Reserve could reduce rates. Moreover, the head of the Fed Jerome Powell has commented that easing could be done, if inflation continues to ease. Due to this reason, the US Dollar has declined in value. On
Since Tuesday, US central bankers have made comments that they could cut interest rates. In addition, incoming data for various sectors confirms that the Federal Reserve could reduce rates. Moreover, the head of the Fed Jerome Powell has commented that easing could be done, if inflation continues to ease. Due to this reason, the US Dollar has declined in value. On
The price for Gold has continued to move higher after finding support in 2,160.00 last week. At the start of April, the price almost reached the 2,270.00 level, before selling started. However, the metal eventually found support at 2,225.00/2,230.00. By mid-Tuesday, the price was again testing the April high levels. Meanwhile, it has been spotted that the surge might have been
Despite shortly reaching above the 151.75/151.85 resistance zone last week, the USD/JPY did not extend the surge. Instead, fundamental events caused a decline to the support of the 151.00 level. Namely, the Bank of Japan revealed that it could intervene in the currency market, if the Yen continues to fall. Economic Calendar This week, the financial markets could react to United States
The GBP/USD continued to find support in the 1.2590/1.2610 range and resistance near 1.2640/1.2660 during the late part of March. However, on March 30, the US Dollar strengthened and caused a drop of the rate. The drop found support in the 1.2540 level and on April 2 a recovery started. Economic Calendar This week, the financial markets could react to United States
The pair has continued to decline, as it is pushed by the resistance of the 50 and 100-hour simple moving averages. Meanwhile, support continues to be found in a descending trend line. At the start of a new month, the trend line acted as support. Economic Calendar Analysis This week, the financial markets could react to United States macroeconomic events. On Wednesday,
On Friday, the price was finding support in the 2,161.40/2,164.90 zone. During the second part of the day's trading, the price passed below this zone. However, at 2,157.40 a rebound started. By mid-Monday, the price had recovered and traded above the 50, 100 and 200-hour simple moving averages near 2,175.00. Economic Calendar Analysis This week, the financial markets could react to a
In general, the situation and the analysis of the rate has not changed since Friday. The USD/JPY remains below the 152.00 mark, which is the 2022 high level. Meanwhile, support is found in the 151.00 and 150.50 levels. In addition, the 50 and 100-hour simple moving averages have been acting as support. Economic Calendar This week, the financial markets could react to
Despite moving below the 1.2590/1.2610 range, the GBP/USD did not extend the decline. Instead, buying started at 1.2580 and the pair managed to recover. By mid-Monday, the rate was approaching the 1.2650 level and the weekly simple pivot point at 1.2659. Economic Calendar This week, the financial markets could react to a couple of United States macroeconomic events. First of all, the
As expected, the EUR/USD has reached the 1.0800 mark. The round level acted as support and caused a recovery. By mid-Monday's trading, the rate was above the 50-hour simple moving average and the 1.0840 level. Economic Calendar Analysis This week, the financial markets could react to a couple of United States macroeconomic events. First of all, the publication of the US Final
We have marked historical support and resistance zones on the commodity price's charts. It can be observed that these ranges are still impacting the price. Most of the zones are close by a round price levels. On Friday, the price was finding support in the 2,161.40/2,164.90 zone. Economic Calendar Analysis There are no more notable events scheduled for this week. XAU/USD short-term forecast
The USD/JPY remains below the 152.00 mark, which is the 2022 high level. Meanwhile, support is found in the 151.00 and 150.50 levels. In addition, on Friday the 50-hour simple moving average was acting as support. Economic Calendar There are no more notable events scheduled for this week. USD/JPY hourly chart analysis A move above 152.00 could encounter resistance in the weekly R3 simple
The central bank announcements are over. It is clear that the GBP weakness dominates, as the rate is declining. On Friday, the pair passed below the major zone at 1.2590/1.2610. Meanwhile, we have observed that traders were 54% just after the Bank of England announcement. Then the decline occurred. On Friday, 50% of traders were short and 50% were in long
The volatility that was caused by fundamental events is over, as candles are smaller and the rate appears to have established a direction. The EUR/USD has declined, and by mid-Friday it appeared to be heading to the 1.0800 mark.Meanwhile, we have spotted that traders have closed their short positions and taken profits from the decline.Economic Calendar Analysis There are no more
The United States Federal Reserve announced its Federal Funds Rate. Markets expected the Fed to keep the base interest rate unchanged at 5.50%. The Fed has done exactly that. However, the US Dollar declined on the announcement, as the market participants must have seen this as a relief from possible rate hike. Namely, inflation has shown to be persistent in
The United States Federal Reserve announced its Federal Funds Rate. Markets expected the Fed to keep the base interest rate unchanged at 5.50%. The Fed has done exactly that. However, the US Dollar declined on the announcement, as the market participants must have seen this as a relief from possible rate hike. Namely, inflation has shown to be persistent in
The United States Federal Reserve announced its Federal Funds Rate. Markets expected the Fed to keep the base interest rate unchanged at 5.50%. The Fed has done exactly that. However, the US Dollar declined on the announcement, as the market participants must have seen this as a relief from possible rate hike. Namely, inflation has shown to be persistent in
The United States Federal Reserve announced its Federal Funds Rate. Markets expected the Fed to keep the base interest rate unchanged at 5.50%. The Fed has done exactly that. However, the US Dollar declined on the announcement, as the market participants must have seen this as a relief from possible rate hike. Namely, inflation has shown to be persistent in
The price for gold has traded below the 2,150.00/2,165.00 support range. However, it appears that he price is set to wait out near the 2,150.00 mark until the US Federal Reserve rate announcement and press conference. Meanwhile, some resistance is found in the 50, 100 and 200-hour simple moving averages near 2,155.00/2,165.00. Economic Calendar Analysis All of the financial markets will be