Since mid-Monday's trading, the GBP/USD bounced off the resistance of the 200-hour simple moving average, retraced and found support in the 1.3200 mark and succeeded to pass the 200-hour SMA. At mid-day on Tuesday, the pair had reached the 1.3260 level, where the GBP/USD faced the resistance of the 100-hour SMA and the weekly simple pivot point. Economic Calendar On Wednesday,
Since mid-Monday, the EUR/USD has been fluctuating between the support of the weekly simple pivot point at 1.1276 and the resistance of the 1.1302/1.1305 zone. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP. Although, the only release for more than a year, which caused a noteworthy move was the
Despite initially providing support, the combination of the 1,800.00 mark and the 50-hour simple moving average failed at mid-day on Monday. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP. Although, the only release for more than a year, which caused a noteworthy move was the latest one, September 30
The USD/JPY has recovered from the 113.15/113.20 zone. On Monday, the pair was making attempts at passing the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 113.60/113.75 zone. Economic Calendar On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP. Although, the only release
The GBP/USD currency exchange rate was recovering on Monday, as the pair found support in the December low level zone at 1.3162/1.3175. By the middle of Monday's trading, the rate had reached the resistance of the 200-hour simple moving average at 1.3240. Economic Calendar On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final
The EUR/USD found support in the December low level zone and started a recovery on Monday morning. By the middle of the day's trading, the pair had reached the resistance of the weekly simple pivot point at 1.1276. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP. Although, the only
The price for gold has reached the 1,815.00 mark, where the late November high level resistance zone is located at. Namely, the 1,812.50/1,815.80 zone acts as resistance. On December 15, the US Federal Reserve published its FOMC Statement and Economic Projections. In general, the federal funds rate remained unchanged. However, the bank announced that it would decrease its monthly treasury purchases
Eventually, on Thursday the USD/JPY started a decline, as other pairs had done in the aftermath of the US Fed Statement on Wednesday. By the middle of Friday's trading, the pair had reached below the 113.20 level and had no technical support as low as 112.84. Meanwhile, on Friday morning, at 02:56 GMT, the Bank of Japan revealed its future monetary
The GBP/USD jumped on Thursday due to the unexpected Bank of England rate hike at 12:00 GMT. The rate's jump stopped at the weekly R2 simple pivot point at 1.3371. The event was followed by a decline, which on Friday found support in the 50-hour simple moving average and the December high level zone at 1.3277/1.3288. On December 16, the
The ECB announced a reduction of monetary stimulus on Thursday, this event boosted the surge of the EUR/USD. However, the rate found resistance at the December high level zone at 1.1355/1.1360. Afterwards, the pair declined and found support in the weekly simple pivot point at 1.1300. The following recovery ended at the 1.1350 mark. By the start of Friday's US trading
The price for gold has fluctuated due to changes in market demand for the US Dollar not due to changes in the perceived value of gold as a commodity. Namely, at 19:00 GMT on Wednesday, the price dipped as the USD initially gained value due to the reveal that monetary stimulus would be reduced. However, as the markets realized that
The USD/JPY currency exchange rate pierced the resistance zone of 113.88/113.96, as the US Federal Reserve revealed that it would decrease stimulus. Although, the surge stopped at the 114.28 level. Take into account that the USD/JPY is the only of the top pairs, where the initial surge of the USD caused by the Fed was not followed up by a
The GBP/USD bounced off the resistance of the high level zone near 1.3280 on Thursday. Afterwards, at 19:00 GMT on the same day, the pair reacted to the US Fed Statement by piercing the recent low level connecting trend line and shortly trading below 1.3180. However, as it was clear that despite a decrease monetary USD stimulus would remain intact,
The EUR/USD dipped 35 base points on Wednesday at 19:00 GMT, as the US Federal Reserve announced that it would reduce stimulus. However, the dip was followed by a surge, as the markets realized that despite the decrease the Fed is still set to increase USD supply. By the middle of Thursday's trading, the pair had returned to the 1.1320 level.
The price for Gold plummeted below the support of the 50, 100 and 200-hour simple moving averages at mid-day on Tuesday. The move is being attributed to the higher than forecast US Producers Price Index data, which revealed a larger than previously thought demand for the US Dollar. By the middle of Wednesday's trading, the price had been fluctuating around the
The support of the 200-hour simple moving average held on Tuesday. The SMA caused a surge, which by the middle of Wednesday had reached the resistance zone of the December high level zone at 113.88/113.96. In addition, the weekly R1 simple pivot point was located in the zone at 113.95. Economic Calendar Top event of the month is scheduled for 19:00 GMT
The GBP/USD currency exchange rate has reached the December high level zone at 1.3277/1.3289. At mid-day on Wednesday, the rate appeared to have been retracing down after encountering resistance. The pair was expected to reach the combined support of the weekly simple pivot point at 1.3243 and the 50, 100 and 200-hour simple moving averages near 1.3230. Economic Calendar Top event
On Tuesday, the EUR/USD shortly reached below the recent low level zone and the 1.1260 level. However, the rate found support in the 1.1255 level before retracing up to the 50-hour simple moving average near 1.1280. At 13:30 GMT on Wednesday, the publication of the US Retail Sales caused a drop of the USD value. The EUR/USD surged 13 base points
The price for gold jumped on Friday due to the publication of the US employment data. The metal reached above the 50, 100 and 200-hour simple moving averages near 1,780.00. Since then, the bullion has been fluctuating between the support of the moving averages and the resistance of the 1,790.00 level. Economic Calendar Analysis On Tuesday, at 13:30 GMT, the US Producers
The 200-hour simple moving average has kept the rate up since December 7. However, the USD/JPY has been piercing the support of the SMA. At mid-day on Tuesday, the rate was heading to the support of the SMA and the weekly simple pivot point at 113.40. Economic Calendar On Tuesday, at 13:30 GMT, the US Producers Price Index and Core Producers Price
On Tuesday, the GBP/USD found support in the trend line, which connects the December 8 and 9 low levels. By the middle of the day, the rate had reached and pierced the resistance of the 200-hour simple moving average and the weekly simple pivot point at 1.3245. Economic Calendar On Tuesday, at 13:30 GMT, the US Producers Price Index and Core
On Tuesday morning, the EUR/USD found support in the 1.1260/1.1267 zone, which has kept the rate up since December 8. By the middle of the day's GMT trading hours, the pair had almost reached the December 10 high levels above the 1.1320 mark. At 13:30 GMT on Friday, US monthly Consumer Price Index data was published. CPI came in at 0.8%
In general, since mid-Thursday, the price for gold has been fluctuating between round price levels. Namely, the 1,780.00 mark acted as resistance and the 1,775.00 and 1,770.00 are acting as support. It can be expected that the bullion continues to be impacted by price levels. Economic Calendar Analysis On Friday, the value of the US Dollar is most likely going to adjust
The 200-hour simple moving average has provided enough support for a surge to start. Namely, the rate is once again approaching the resistance zone at 113.88/113.97. Economic Calendar On Friday, the value of the US Dollar is most likely going to adjust to the publication of the US Consumer Price Index and Core Consumer Price Index changes at 13:30 GMT. The rate