The EUR/USD has continued to decline. By the middle of Monday's trading it as expected to head for the 1.1325 level. In the meantime, there were arguments that favoured possible sideways trading of the currency exchange rate. Notable macroeconomic data releases start on Wednesday This week is set to be the first one of the month. Due to that reason it is set
Due to the US Dollar gaining value because of fundamentals, the yellow metal's price has plummeted below the long term By the middle of Friday's trading session gold price was below 1,310.00. Moreover, the decline was expected to continue. Economic Calendar Analysis On Friday, the Canadian GDP data will be out at 13:30 GMT. It is most likely set to be the
The USD/JPY has skyrocketed. The pair has reached the 112:00 level by the middle of the day's trading session. The move was caused by the fundamental events globally that have caused a larger than expected surge of the USD and a decline of the JPY. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided
During the first half of Friday's trading session, the GBP/USD was declining. The pair had reached down to the 1.3240 level, where it had stopped at a significant technical level. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their vote on where to
The EUR/USD has passed the support of the ascending pattern. By the middle of Friday's trading session the rate traded between two significant clusters of technical levels. In general, traders will be waiting for break outs out of the range that the pair is squeezed in. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Durable Goods
There are two noteworthy things to highlight in the intro about the yellow metal's price. The decline caused by the passing of the support of the hourly simple moving averages has occurred. It had ended during the early hours of Thursday's trading and a surge began. The surge was caused by a long term support line. In addition, the larger scale
The USD/JPY listens to fundamental announcements. It has been influenced by both US Federal Reserve information and the situation in Kashmir between Pakistan and India. Due to those reason the volatility of the pair has been massively high. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided in-depth insights into the economic and financial
On Thursday, the GBP/USD was consolidating its gains by trading sideways. The sideways trading was expected to end as soon as the 55-hour simple moving average approaches the currency pair from the below. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their
On Thursday morning, after finding support in the lower trend line of the ascending pattern, the EUR/USD began another attempt at surging above 1.1400. That level needs to be watched closely to understand the medium term future of the EUR/USD. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Durable Goods Orders data release last Thursday at
Gold on Wednesday traded almost flat. In general, the last three daily candles looked almost insignificant, compared to the price action last week. However, take a look at the short term analysis part. The hourly chart reveals some new information. Economic Calendar Analysis As it is accustomed, the last week of the month is set to be quiet for fundamental macroeconomic data releases. The
On Wednesday, the USD/JPY continued to decline in the aftermath of the previously experienced high volatility. Namely, after hitting the dominant resistance levels on Tuesday the USD/JPY was still declining on Wednesday. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes on Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that influenced their vote on
The Pound has initiated a fundamental surge because of Brexit associated news. The surge reaches one target after another in steady surges. Meanwhile, the technical levels are only causing short term pauses, which quickly end. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced
The EUR/USD is hitting targets and signalling a continuation of the surge is about to occur. In general, if the fundamentals don't intervene, the rate is set to eventually reach the 1.1424 level. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Durable Goods Orders data release on Thursday at 13:30 GMT. The EUR/USD exchange currency rate
The metal has continued to trade between the simple moving averages of the hourly chart. By the middle of Tuesday's trading, gold was signalling that a decline might occur soon. Namely, the metal pierced the support of the 200-hour SMA, which revealed that it lacks the strength to keep it from declining. Moreover, the 55-hour SMA was pushing the price through
The main point of attention on the USD/JPY is not the forecast, but the recent massive moves. Namely, the pair has jumped up to 111.20 and afterwards immediately declined down to support levels at 110.80. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes on Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that influenced
The GBP/USD is jumping, it is breaking one resistance level after another, as the moves are caused by Brexit associated announcements. In general, concentrate on the news instead of the technical charting methods. The reason for this is the fact that all technical methods concentrate on historical data. At the moment we are experiencing an unprecedented event, which each market participant
The EUR/USD scored a new high level on Tuesday. Although it occurred after retreating down to dominant support level at 1.1345. In general, previous targets remain active, as the pair's closest technical resistance was located at 1.1380. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Durable Goods Orders data release on Thursday at 13:30 GMT. The
Gold prices are following the simple moving averages of the hourly chart. Namely, the 55-hour SMA is providing resistance. Meanwhile, the 200-hour SMA has been supporting the metal. In general, the two levels are expected to meet in the near future and cause a break out. Economic Calendar Analysis As it is accustomed, the last week of the month is set to be
The USD/JPY faces a strong technical resistance level at 110.70. The near term future revolves around this level. The most basic assumption is that the pair will bounce off this resistance level and decline. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes on Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that influenced their
On Monday the GBP/USD was making attempts to once more surge. The pair was making attempts at breaking the resistance presented by the 1.3100 level. If that level would be broken, the weekly R1 at 1.3150 will be aimed at. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic
The EUR/USD is starting the week without close by resistance levels. In general, it is expected to surge up to the 1.1380 level. At that level the first weekly resistance of the simple pivot points is located at. Meanwhile, the pair is supported by the hourly simple moving averages. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the
The decline of the metal had extended on Friday. Namely, gold prices had fallen to the levels just above 1,320.00. The price managed to pass the support levels at 1,330.00 and they plummeted immediately afterwards. On Friday, the last support before the 1,310.00 level was the 200-hour simple moving average at 1,322.15. Economic Calendar Analysis The week will end with the Canadian Core Retail
By the middle of Friday's trading session the USD/JPY was surging up to the 110.90 level. In general, the rate had found support in the 200-hour SMA at midnight and begun to move upwards. The pair faced no observable resistance as high as 111.00. However, a previous attempt this week at reaching that level had failed. Latest Fundamental Event The Federal Reserve released
The GBP/USD has dropped down the technical levels, which kept it up throughout the last couple of trading sessions. On Friday, the pair had retreated down to the 100-hour SMA at 1.3010. If this support gets passed, the rate would drop down to 1.2975 where a weekly pivot point is located at. Latest Fundamental Event The Federal Reserve released on Wednesday the US