On Monday, the USD/JPY rate was being pushed down by the resistance of the 55-hour SMA near 106.90. Future scenarios were built on assumptions of the SMA being either broken or holding. US Employment Data The Bureau of Labor Statistics released the US Unemployment Rate data, which came out better-than-expected of 3.5% compared with the forecast of 3.7%. According to the official release: "In
On Monday morning, the GBP/USD declined below technical levels that surrounded the 1.2320 mark. Future scenarios were built around what would happen near that level. US Employment Data The Bureau of Labor Statistics released the US Unemployment Rate data, which came out better-than-expected of 3.5% compared with the forecast of 3.7%. According to the official release: "In September, the unemployment rate declined by
The EUR/USD broke its ascending patterns on Monday morning. Although, the rate still had plenty of technical support levels below it. In general, despite breaking an ascending pattern, the rate could still surge. US Employment Data The European Common Currency depreciated against the US Dollar, following the US Employment data set release on Friday at 12:30 GMT. The EUR/USD exchange currency rate
The metal broke the resistance of the 1,505.00 level, as the US ISM Non-Manufacturing PMI beat down the value of the USD on all charts. US ISM Non-Manufacturing PMI The Institute for Supply Management released the US ISM Non-Manufacturing PMI survey data results, which came out worse-than-expected of 52.6 compared to the forecast of 55.1. The Chair of the Institute for Supply Management
As expected, the decline of the USD/JPY continues. On Thursday afternoon, the rate had touched the support of a weekly pivot point at 106.49. The drop was caused by the release of US ISM Non-Manufacturing PMI. Although, the pivot point managed to hold and the rate retraced back up to the levels just below the 107.00 mark, where it traded sideways
The first scenario laid out on Thursday became reality, as the rate pierced the resistance of the late September channel down pattern and reached the resistance levels at 1.2350. Moreover, the rate touched the 1.2415 level before retreating back down. On Friday morning, the rate was trading sideways below a weekly pivot point that was located at the 1.2356 level. In
The EUR/USD did not even require the support of the 55 and 100-hour SMAs to resume its surge. The rate began to climb during Thursday's morning GMT hours and eventually reached the 1.1000 mark. On Friday morning, the EUR/USD had retreated to the support of the 1.0965 level, where the monthly simple pivot point was located at. In general, the rate
On Thursday, the rate was testing the resistance of the 1,505.00 level. The commodity price was consolidating below that level in the aftermath of a surge that occurred on Wednesday. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data results, which came out worse-than-expected of 47.8 compared to the forecast of 50.4. The Chair of
The decline of the USD/JPY continued, as it was indicated by the charts on Wednesday. Namely, the rate reached the 107.00 level just after midnight between Wednesday and Thursday in GMT hours. At the 107.00 level the rate found support in a 23.60% Fibonacci retracement level. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data
On Thursday morning, the GBP/USD was piercing the upper trend line of the channel down pattern, which had guided the rate down since September 20. The short-term future forecast were based on what would happen at the trend line. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data results, which came out worse-than-expected of 47.8
The EUR/USD has surged and touched the 1.0965 level. In addition, on the hourly chart an ascending channel pattern has been spotted and added to the chart. During the morning hours of Thursday's London trading session, the rate was heading to the support of the pattern, which was strengthened by the 55 and 100-hour simple moving averages. US ISM Manufacturing PMI The
The release of the US ISM Manufacturing PMI on Tuesday pushed gold up to the 1,485.00 level. By the middle of Wednesday's trading, future forecasts were based on what would happen at that level. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data results, which came out worse-than-expected of 47.8 compared to the forecast of
The US ISM Manufacturing PMI caused a plummeting of the USD/JPY down to the 107.70 level. On Wednesday, technical charts indicated that the rate would continue to decline. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data results, which came out worse-than-expected of 47.8 compared to the forecast of 50.4. The Chair of the Institute for
On Tuesday, The GBP/USD reached the support of the weekly S1 and the lower trend line of a channel down pattern on Monday. However, the decline was quickly reversed by a US fundamental survey result release. On Wednesday, the rate was once more heading to the support of the weekly S1 at 1.2209. US ISM Manufacturing PMI The Institute for Supply Management released
The rate traded near the support levels at 1.0880, as expected, until a fundamental event caused a surge. On Wednesday morning, the EUR/USD had bounced off the resistance of 1.0940 and was heading back to the mentioned support level of 1.0880. US ISM Manufacturing PMI The European Common Currency appreciated against the US Dollar, following the US ISM Manufacturing PMI survey data
Gold has reached new low level by sharply tumbling at the middle of Monday's trading session. Namely, the 1,460.00 level was reached already on Tuesday morning. Economic Calendar Analysis This week, there are a couple of US macroeconomic data releases, which might impact gold through the strength of the US Dollar. On Tuesday, the US ISM Manufacturing PMI is set to be released
The USD/JPY has reached a new high level. The 108.46 level, where a weekly pivot point is located at was touched on Tuesday morning. In general, a retracement down is expected to occur, which should be followed by a continuation of the surge up. Economic Calendar On Tuesday, the US ISM Manufacturing PMI is set to be released at 14:00 GMT. The event
In general, the GBP/USD has traded sideways since Monday morning. Although, the rate had shortly touched the low level of 1.2260 on Tuesday morning. In the near future, the rate was expected to face the resistance of the 100-hour simple moving average, which was approaching the pair from above. Economic Calendar This week, there are a couple of US macroeconomic data releases, which
As expected, the EUR/USD reached the support levels that are located just above the 1.0880 mark. On Tuesday morning, the EUR/USD had bounced off the support levels and was surging back up to the 55-hour simple moving average, which was located near 1.0920. US Employment Data week This week, there are a couple of US macroeconomic data releases, which might impact the
After a period of sideways trading that lasted until September 26, DUK+/EUR surged and pierced all resistance up to 0.8500. Meanwhile, the online chart has been updated with the resistance and support levels that are observed by looking at the bid and ask order statistics at dukascoin.com. Daily Candle Chart Since Friday, on the daily candle chart the DUK+/EUR rate was
The decline of gold has continued. By the middle of Monday's London trading, the price had reached below the 1,485.00 level. In regards to the near term future, a bounce off from a support level was expected. Economic Calendar Analysis This week, there are a couple of US macroeconomic data releases, which might impact gold through the strength of the US Dollar. On Tuesday,
On Friday, the USD/JPY made an attempt to pass the resistance levels at 108.20 and failed. Since the attempt the rate has been finding support in the 55 and 200-hour simple moving averages that on Monday were located near the 107.80 mark. Meanwhile, the rate was being kept down by the resistance of the 108.00 level. Economic Calendar On Tuesday, the US ISM
On Monday morning, the GBP/USD made an attempt to surge above the 1.2330 level and failed at it. In general, the rate traded near Friday's levels. The rate was expected to either consolidate or decline. Meanwhile, Swiss traders had gone long on the pair.Economic Calendar This week, there are a couple of US macroeconomic data releases, which might impact the rate. On Tuesday,
The EUR/USD started the week by trading in Limbo around the 55-hour simple moving average. The moving average was heading lower and was expected to push the rate with it. In general, as the rate had passed the support of the 1.0930 level, the pair had no technical support levels below it as low as 1.0891. US Employment Data week This week,