Since the middle of Thursday's European trading hours, the EUR/USD currency exchange rate has been trading above or in the zone of the October low levels at 1.1525/1.1538. Economic Calendar Analysis On Friday, US statisticians will publish their monthly employment data sets at 12:30 GMT. The event has moved EUR/USD from 21.7 to 50.1 pips since June 2021. Next week, on Tuesday, the
The 1,760.00 support zone held and caused a recovery of the price of gold. The recovery occurred with a consolidating minor decline during the Thursday's Asian trading. However, at mid-day in Europe a sharp surge of the metal started. By 13:00 GMT, the yellow metal had recovered almost 2.00% from the Wednesday's low level. Economic Calendar Analysis On Friday, US statisticians will
At mid-day on Thursday, the USD/JPY currency exchange rate passed five technical support levels. Namely, the 50, 100 and 200-hour simple moving averages, the weekly simple pivot point and the lower trend line of this week's channel up pattern failed to hold the pair up. Only the 50-hour SMA and the lower trend line of the channel pattern managed
On November 4, the Bank of England announced its future monetary policy. In general, the bank decided to keep monetary policy unchanged. On the announcement, at 12:00 GMT, the GBP/USD started a decline. During the fifteen minutes following the release the rate had declined by 86 base points or 0.63%. Economic Calendar On Friday, US statisticians will publish their monthly employment data
On Wednesday, the EUR/USD passed the resistance of the hourly simple moving averages. However, the rate encountered resistance in the 1.1616/1.1625 zone, which had previously impacted the rate throughout October. At midnight to Thursday, the pair started to plummets. By the middle of the day's European trading hours, the EUR/USD had declined by more than 70 base points. Economic Calendar Analysis On
The DUK+/EUR currency rate made another attempt at passing the sell order wall of 2.5100 at the end of October. However, the pair failed, and on November 4 the pair had dropped to the 2.0000 level. In regards to the wall of sell orders, on November 4, it appeared that orders for more than 2,700.00 coins to be sold were
At 12:30 GMT, on Wednesday, the yellow metal's price started a drop, which lasted two hours, and gold lost 1.50% against the US Dollar. The move could be attributed to the publication of good US employment data. Namely, the ADP Non-Farm Employment Change was released at 517,000 instead of the forecast 400,000. However, the data was released at 12:15 GMT
On Wednesday, the USD/JPY passed the resistance of the three hourly simple moving averages and the 114.00 mark. In addition, by connecting recent high and low levels a channel up pattern was spotted on the hourly candle chart. Economic Calendar Wednesday will end with the US Federal Open Markets Committee Statement and Federal Funds Rate publication at 18:00 GMT. The USD/JPY
At mid-day on Tuesday, the GBP/USD passed the support of the weekly S1 simple pivot point and the lower trend line of the channel down pattern. However, the event did not result in the expected decline to the weekly S2 simple pivot point or the 1.3600 mark. Instead, the rate started a minor recovery at the 1.3606 level. Economic Calendar Wednesday
Since the middle of Tuesday's trading, the EUR/USD bounced around the 50-hour simple moving average and the 1.1585/1.1588 zone. In the meantime an attempt to surge was stopped by the 1.1600 mark and the weekly simple pivot point at 1.1697. Economic Calendar Analysis Wednesday will end with the US Federal Open Markets Committee Statement and Federal Funds Rate publication at 18:00 GMT.
The resistance of the 55, 100 and 200-hour simple moving averages failed to keep the metal's price down. The bullion pierced the SMAs. However, it did not result in a follow up surge, as the 1,796.00/1,797.00 zone provided resistance. Since the middle of Monday's trading hours, the price has been fluctuating between the support of the 55-hour simple moving average and
The USD/JPY began a recovery on Tuesday morning prior to reaching the support zone at 113.25/113.44. By the start of the day's US trading hours at 13:30 GMT, the pair had reached and was testing resistance near 113.80. Namely, the 100 and 200-hour simple moving averages and the weekly simple pivot point were providing resistance from 113.80 to 113.88. Economic
The GBP/USD pair's decline reached the support of the weekly S1 simple pivot point at 1.3628 on Tuesday morning. The pivot point provided enough support for a recovery. In the meantime, a minor channel down pattern appears to have been capturing the rate's recent decline. Economic Calendar On Wednesday, at 12:15 GMT the US ADP Non-Farm Employment Change could cause a
The recovery of the EUR/USD has reached the resistance of the technical levels that are spread out from 1.1597 to 1.1616. At mid-day on Tuesday, the rate was finding resistance in the 100-hour simple moving average at 1.1610. Economic Calendar Analysis On Wednesday, at 12:15 GMT the US ADP Non-Farm Employment Change could cause a minor USD move. The EUR/USD has reacted
On Friday, the yellow metal's price plunged to the 1,772.35 level, before starting to recover. On Monday, the recovery of the price had retraced to the 1,790.00 level and the previously passed support line of the last week's low levels. Economic Calendar Analysis On Monday, the US ISM Manufacturing PMI will be published at 14:00 GMT. On Wednesday, at 12:15 GMT the
The USD/JPY currency exchange rate continued to surge throughout Friday. The surge extended into Monday. However, during the early hours of the day's trading, the pair found resistance in the mid-October high level zone at 114.44/114.47. Economic Calendar On Monday, the US ISM Manufacturing PMI will be published at 14:00 GMT. The rate has moved from 9.3 to 19.1 pips on
The GBP/USD broke the channel up pattern at mid-day on Friday. The event resulted in a sharp decline to the 1.3670 level. Afterwards, a short lived recovery found resistance in the 1.3700 mark. By the middle of Monday's European trading hours, the pair had reached the 1.3650 level. Economic Calendar On Monday, the US ISM Manufacturing PMI will be published at
The EUR/USD currency exchange rate started a decline on Friday morning, which received a major boost at 08:00 GMT. At that time, the German Preliminary GDP was released. The data revealed that GDP of Germany had increased by 1.8% instead of the forecast 2.2%. The news fueled a decline, which eventually reached the 1.1535 level. On Monday morning, the rate
On Thursday, volatility was caused by the release of the US Advance GDP. During the volatility, the price for gold once again confirmed the 1,810.00 level as a resistance level. The following decline passed the 55 and 100-hour simple moving averages. By mid-Friday, the price had almost reached the 200-hour SMA at 1,790.20. Economic Calendar Analysis On Monday, the US ISM Manufacturing
Despite piercing the support of the 113.40 level on Thursday, the USD/JPY did not extend the decline. Instead, the pair found support at 113.25 and recovered. At mid-day on Friday, the rate had retraced to the 100-hour simple moving average at 113.79. Economic Calendar On Monday, the US ISM Manufacturing PMI will be published at 14:00 GMT. The rate has moved
The worse than forecast US Advance GDP data on Thursday caused a surge of the GBP/USD currency exchange rate. Due to the surge, the rate reached 1.3815, as it surged 85 pips. In the aftermath of the jump of the pair, the GBP/USD has been declining. At mid-day on Friday, the rate was finding support in technical levels in
The EUR/USD ended trading sideways in the range between the 1.1585/1.1590 and 1.1618/1.1625 zones. The rate ended it due to the release of the worse than forecast US Advance GDP data. The GDP caused a 110 pip jump up to the 1.1693 level. During the fundamental surge not only technical levels, but also the previous October high levels were passed.
On October 20, the DUK+/EUR currency exchange rate shortly traded above the 2.5100 mark before declining below it. Since then, the deals have been occurring in the 2.0750/2.5100 zone, as some sellers decide to sell below the 2.5100 mark, starting from which a low liquidity fee is being applied. Previously, the rate stood at the 2.5100 level, as at that level
The price of gold found enough support in the 200-hour simple moving average to surge and pass the 1,800.00 level together with the 55 and 100-hour simple moving averages, which strengthened the round price level. On Thursday morning, the price was testing the resistance of the 1,805.00 level. Economic Calendar Analysis At 12:30 GMT, on Thursday, the US Advance GDP is expected