Early on Tuesday, the yellow metal's price reached the 1,485.00 level, as SWFX traders closed short positions. In regards to the near term future, the metal should consolidate above the 1,485.00 level until the oversold pressure is removed or new fundamental news are revealed. Economic Calendar Analysis This week gold is bound to be affected by US data and an expected rate
On Tuesday, the USD/JPY was finding support in the 108.85 level. Meanwhile, hourly simple moving averages were approaching from below, which indicated that a surge could be possible during the near future. Economic Calendar This week the rate is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US ADP Non-Farm Employment Change data will
Despite increasing trading volatility on Tuesday, the GBP/USD remained in the previous trading range. The future forecasts for the rate were rather complicated, as Brexit, trade politics and US monetary policy were all impacting the evaluation of both currencies. Economic Calendar This week the GBP/USD is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US
The EUR/USD bounced off the resistance of the 1.1100 level late on Monday. This resulted in a decline, which by the middle of Tuesday's London trading session had reached below the 1.1080 mark. In general, it was expected that the decline would continue, as the rate had removed its oversold pressure and had no technical support as low as 1.1045. Economic
Dukascoin is surging and breaking one resistance after another. Last week, the DUK+/EUR rate reached the target of 0.8000 and broke it in a sharp move. Namely, on October 25 the rate jumped to the next resistance at 0.8700. Moreover, the 0.8700 was also broken. These levels can be best observed on the chart of the previous publication of October 14. In regards
The yellow metal started the week by trading near the 1,500.00 level. In general, the metal was set to be supported by hourly simple moving averages, which could cause another surge to new high levels. Economic Calendar Analysis This week gold is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US ADP Non-Farm
On Monday, the USD/JPY traded in the range that it reached on Friday. Namely, the pair fluctuated between the 108.65 and 108.80 levels. Meanwhile, take into account that the 55-hour simple moving average had approached and the pair and started to provide support. Economic Calendar This week the rate is bound to be affected by US data and an expected rate cut. On Wednesday,
At the middle of Monday's trading, the GBP/USD was being pushed down by the 55-hour simple moving average near the 1.2850 mark. In general, the currency exchange rate was expected to trade sideways until the Federal Reserve Rate announcement, as Brexit deadline has been extended and with it attention was removed from it. Economic Calendar This week the GBP/USD is bound to be
The EUR/USD started the week by trading below a strong resistance cluster. The rate was facing hourly simple moving averages and a weekly pivot point near the 1.1110 level. The future scenarios were based on what would happen at this level. Economic Calendar Analysis This week the EUR/USD is bound to be affected by US data and an expected rate cut. On Wednesday,
On Friday morning, the XAU/USD exchange rate reached the psychological level at 1,510.00. Given that the rate is supported by the 55-, 100- and 200-hour SMAs, it is likely that some upside potential could prevail. Economic Calendar Analysis This week, there are no events left that could affect the XAU/USD rate. Next week, data releases from the US will be on focus. On Tuesday, October
On Thursday morning, the USD/JPY tested the upper boundary of the falling wedge pattern. From a theoretical point of view, it is likely that a reversal south could occur in the nearest future. Economic Calendar This week there are no events left that could affect the USD/JPY pair. Next week, data releases from the US will be on focus. On Tuesday, October 29, the US
During today's morning, the GBP/USD exchange rate was testing the support level formed by the weekly PP at 1.2832. Given that the rate is pressured by the 55-, 100- and 200-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar This week, there are no events left that could affect the GBP/USD pair. Next week, data releases from the US will
During Friday morning, the EUR/USD currency pair was testing the support formed by the 200-hour moving average. If the given support holds, it is likely that a reversal north could occur. French Flash Services PMI and German Flash Manufacturing PMI The European Common Currency appreciated against the US Dollar, following the French Flash Services PMI survey results release on Thursday at
On Thursday morning, the XAU/USD exchange rate was testing the support formed by the 55-, 100- nad 200-hour SMAs. If the given support holds, it is likely that yellow gold could extend gains against the US Dollar in the nearest future. Economic Calendar Analysis This week there will be one data release, which might impact the price of gold through a value adjustment
On Thursday morning, the USD/JPY tried to surpass the psychological level at 108.70 . Given that the pair is supported by the 55-, 100- and 200-hour SMAs, some upside potential could prevail in the market. Economic Calendar This week there is only one event that could affect the USD/JPY pair. Today, the US Durable Goods Orders data will be published at 12:30 GMT. Read
During today's morning, the GBP/USD exchange rate tried to surpass the resistance formed by the 55- and 100-hour SMAs, as well the monthly R2 and the Fibo 38.20%. If the given resistance holds, it is likely that some downside potential could prevail in the market. Economic Calendar This week there is only one event that could affect the GBP/USD pair. Today, the
During Thursday morning, the EUR/USD currency pair failed to surpass the psychological level at 1.1150. Given that the pair is pressured by he 55- and 100-hour moving averages, it is likely that some downside potential could prevail. French Flash Services PMI and German Flash Manufacturing PMI The European Common Currency appreciated against the US Dollar, following the French Flash Services PMI
On Wednesday morning, the XAU/USD exchange rate tested the psychological level at 1,494.00. It is likely that gold could decline against the US Dollar in the short term. In this case, yellow metal could face the support of the 55-, 100- and 200-hour SMAs. Economic Calendar Analysis This week there will be one data release, which might impact the price of gold
On Wednesday, the USD/JPY was testing the resistance formed by 55-, 100- and 200-hour SMAs, as well the Fibo 38.20% and the weekly PP. If the given resistance cluster holds, it is likely that a reversal south could occur in the nearest future. Economic Calendar This week there is only one event that could affect the USD/JPY pair. On Thursday, the US Durable Goods
During today's morning, the GBP/USD exchange rate was trading at the psychological level at 1.2850. The British Pound could consolidate against the Greenback, as the rate is squeezed by the 55- and 100-hour SMAs, as well the weekly PP. Economic Calendar This week there is only one event that could affect the GBP/USD pair. On Thursday, October 24, the US Durable Goods
During Wednesday morning, the EUR/USD currency pair was testing the support level formed by the weekly PP at 1.1112. If the given support holds, a reversal north could occur soon. However, note that the pair would have to surpass the 55- and 100-hour SMAs. Economic Calendar Analysis This week there are couple events that could affect the EUR/USD pair. On Thursday,
On Tuesday morning, the XAU/USD exchange rate was testing the upper boundary of the medium-term descending channel. From a theoretical perspective, it is likely that gold could depreciate against the US Dollar. Economic Calendar Analysis This week there will be one data release, which might impact the price of gold through a value adjustment of the USD. On Thursday, October 24, the
On Tuesday, the USD/JPY was testing the support formed by the 55-hour moving average. If the given moving average holds, it is likely that the US Dollar could appreciate against the Japanese Yen in the short term. Economic Calendar This week there is only one event that could affect the USD/JPY pair. On Thursday, the US Durable Goods Orders data will be published at
During today's morning, the GBP/USD exchange rate was trading below the psychological level at 1.3000. Given that the rate is supported by the 55- and 100-hour moving averages, it is likely that some upside potential could prevail. Economic Calendar This week there is only one event that could affect the GBP/USD pair. On Thursday, October 24, the US Durable Goods data will be