The sharp Friday's drop of the USD/JPY currency rate ended at the 114.65 level. Afterwards, a recovery started, which by the middle of Monday's trading hours had reached the combination of the 50, 100 and 200-hour simple moving averages at 115.25. Economic Calendar On Thursday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price Index data is set to
Prior to mid-day on Monday, the GBP/USD currency exchange rate passed below the December low level zone at 1.3162/1.3175. However, support appeared to have been almost immediately found in the 1.3150 mark. Economic Calendar On Thursday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price Index data is set to be released together with the US Unemployment Claims. Namely,
The decline of the EUR/USD currency exchange rate continues, as on Monday morning the rate approaches the 1.0800 mark. Meanwhile, the pair had passed below the support of the channel down pattern, which has guided the rate since early 2021. Economic Calendar Analysis On Thursday, at 12:45 GMT the European Central Bank will release its Main Refinancing Rate. However, the event is
As the price for gold had no technical resistance and the simple moving averages were approaching from below, a global fundamental run to safety gave enough strength to the price to pass the 1,950.00 mark. Namely, at mid-day on Friday, the commodity price surged above the 1,950.00 mark and by 16:00 GMT the metal was above 1,960.00. Economic Calendar Analysis On Thursday,
At mid-day on Friday, the USD/JPY currency exchange rate passed below the combined support of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 115.24/115.29. The rate declined in a sharp drop, which by 16:00 GMT was approaching the support of the weekly S1 simple pivot point at 114.74. The pivot point acted as support
Due to an ongoing run to safety, the value of the US Dollar has surged. As a result of the event, the GBP/USD currency exchange rate has declined. By 16:00 GMT on Friday, the pair was approaching the 1.3200 level. Economic Calendar On Thursday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price Index data is set to be
Due to an ongoing run to safety, the markets have rallied the US Dollar to levels not seen since 2020. On the EUR/USD charts it has resulted in a drop below the 1.1000 mark. Moreover, the round level did not even act as support, as by the start of Friday's US trading hours, the rate had reached the 1.0900 level. Meanwhile,
On Wednesday, the price for the yellow metal eventually found support in the zone at 1,913.50/1,922.00. The zone was strengthened by the 100-hour simple moving average in the zone and the approaching 200-hour SMA and the lower trend line of the channel up pattern, which has guided the commodity price since the start of the Russian invasion of Ukraine on
The USD/JPY bounced off the resistance of the post Ukraine invasion high level zone for the third time on Thursday. By the end of the day's US trading hours at 21:00 GMT, the pair had retraced to the support of the 50 and 100-hour simple moving averages near 115.30/115.40. In addition, the 200-hour simple moving average and the weekly simple pivot
On Thursday morning, the GBP/USD currency pair reversed its direction even before reaching the week's high levels and the weekly simple pivot point at 1.3428. By the end of the day's US trading hours, the rate had declined below the 50 and 100-hour simple moving averages near 1.3350 and 1.3375 levels. Economic Calendar The week's most notable event will close the
During the late hours of Thursday's trading, the Euro declined below the support of the weekly S1 simple pivot point and the 1.1050 mark against the US Dollar. The resistance of the 50-hour simple moving average had pushed the pair down. However, additional pressure downwards was provided by the 100-hour SMA and the resistance of the 1.1100 mark. Economic Calendar Analysis The
The yellow metal has clearly passed the resistance zone at 1,913.50/1,922.00, surged and confirmed the existence of a channel up pattern and retraced back down to the mentioned zone to confirm it as support. Economic Calendar Analysis On Thursday, the US Unemployment Claims might create a minor move of the USD at 13:30 GMT. Later on, expect the US ISM Services PMI
On Tuesday, the USD/JPY currency pair found support in the weekly S1 simple pivot point at 114.74. The pivot point's support and the 114.80 mark held out for eleven hours, before a surge started. During the first half of Wednesday's trading, the pair had passed above the resistance of the 50, 100 and 200-hour simple moving averages and the weekly
On Tuesday, the squeeze of the GBP/USD currency exchange rate between the 50 and 100-hour simple moving averages resulted in a break-out downwards. During the early hours of Wednesday's trading, the pair found support in the February low level at 1.3275. By the start of the days US trading at 14:30 GMT, the rate had recovered and touched the 1.3330 level.
During the early trading of Wednesday's European trading hours, the EUR/USD currency exchange rate reached the support of the weekly S1 simple pivot point at 1.1061. The pivot point managed to cause a recovery of the rate, as by 13:00 GMT the currency pair had reached back above the 1.1100 mark. Economic Calendar Analysis On Thursday, the US Unemployment Claims might create
Throughout February, the asking price of the DUK+/EUR pair has been flat. The pair faces a cluster of asking orders at the 1.7800/1.8000 mark and appears as incapable of moving higher. However, the bid price for the cryptocurrency has declined from the levels near 1.7000 at the start of the month down to below 1.5000 by the end of it. The
At mid-day on Tuesday, the price for gold once again moved above the resistance zone at 1,913.50/1,922.00. In the meantime, the commodity was finding support in the 100-hour simple moving average near 1,911.20. Economic Calendar Analysis At 15:00 GMT on Tuesday, the US Institute for Supply Management Purchasing Managers Index survey results for the Manufacturing sector will reveal the outlook of the
The USD/JPY fulfilled the scenario of a decline on Monday, as the pair declined below the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point, and the 115.00 mark. On Tuesday morning, the rate retraced back up and confirmed that the weekly simple pivot point is capable of acting as resistance, due to the pair bouncing off
Since the middle of Monday's European trading hours, the GBP/USD currency exchange rate has been fluctuating between the support of the 1.3400 mark and the 50-hour simple moving average and resistance of the weekly simple pivot point at 1.3428 and the 100-hour simple moving average near 1.3430. Economic Calendar At 15:00 GMT on Tuesday, the US Institute for Supply Management Purchasing Managers
This week, the EUR/USD currency exchange rate has revealed that it respects the resistance of the 100-hour simple moving average. Namely, the SMA has been pushing the rate down by stopping its attempts at recovering on Friday, on Monday and on Tuesday. By the middle of Tuesday's trading hours, the rate had bounced off the moving average and almost reached
The price for gold started the week's trading with a gap up and piercing the resistance of the 1,913.50/1,922.00 zone. However, no less than an hour later, the commodity price returned to trading below the 1,922.00 mark. Moreover, during the mid-hours of Monday's European trading, the commodity price retreated to fluctuate between the support of the 200-hour simple moving average
First of all, the USD/JPY has broken the channel up pattern, which guided the rate up during the end of the last week. Meanwhile, the pair has revealed that it faces a resistance zone at 115.70/115.80. In the meantime, support was being provided by the 50-hour simple moving average and the 115.30 level. Economic Calendar At 15:00 GMT on Tuesday, the US
The GBP/USD started the week's trading with a gap down opening below the 1.3350 mark. Afterwards, during the first half of Monday's trading, the currency exchange rate surged and reached the resistance of the 50-hour simple moving average near 1.3390. Economic Calendar At 15:00 GMT on Tuesday, the US Institute for Supply Management Purchasing Managers Index survey results for the Manufacturing sector
The EUR/USD started the week with a gap down, as fundamentals in Europe and the US have caused a run to safety and a subsequent surge of the US Dollar. By the middle of Monday's trading hours, the pair had retraced from the low at 1.1128 up to the 50-hour simple moving average and the 1.1200 mark. Economic Calendar Analysis At 15:00