On Tuesday morning, the EUR/USD traded below the 1.1200 level. Although, the rate had reached to the 1.1230 level during Monday's trading. In regards to the near term future, a squeeze is expected to occur, as the 200-hour simple moving average was approaching from below and is bound to provide support. Economic calendar During this week there are a couple of government macroeconomic
Gold's price still remains below the 1,510.00 level. On Monday, another attempt was about to be made to pass the resistance of this high level. Meanwhile, note that the commodity price made a retracement back down to the 1,490.00 level, during which the 100-hour simple moving average approached from below. Economic Calendar Analysis During this week there are a couple of government macroeconomic
The USD/JPY began the week by declining. The fall as caused by a run to safety, which created a surge of the value of the Japanese Yen. By the middle of the day, the rate was expected to reach the 105.00 level. US CPI and Retail Sales in focus During this week there are a couple of government macroeconomic data releases, which might
On Monday, the GBP/USD began a surge that was caused by meeting the historical low level at 1.2020. By the middle of London's trading session the rate was aiming at a resistance cluster at 1.2090. US and UK CPI and Retail Sales During this week there are five scheduled government macroeconomic data releases, which might cause sudden moves in the GBP/USD. On Tuesday morning,
On Monday, the EUR/USD made a sharp drop below the 1.1200 level. The drop was stopped by the 200-hour simple moving average at the 1.1160 level. In general, the rate was expected to reach back up to the 1.1200 level, where technical resistance levels would be tested. Economic calendar During this week there are a couple of government macroeconomic data releases, which might
Gold's price has remained below the 1,510.00 level, as the round level is providing psychological resistance. Meanwhile, note that the support of the 55-hour simple moving average has approached. It was providing notable support on Friday. Namely, the commodity price was no longer retracing down below the 1,500.00 level. Economic Calendar Analysis This week there will be no more data releases occurring, which
By the middle of Friday's London trading session, the USD/JPY remained below the resistance of the 55 and 100-hour simple moving averages, which were located above the 106.00 mark. Meanwhile, note that it could be observed that the rate is being supported by the psychological support of the 105.80 level. No data for USD/JPY this week During this week there will be no
The GBP/USD has dropped down to the historical low level of 1.2090. The move broke the ascending channel pattern of the hourly candle chart. The decline occurred, as soon as the pair failed to properly break the resistance of the 200-hour simple moving average. The rate only pierced this level. Meanwhile, note that the move was still consistent with the pattern of
On Thursday, the EUR/USD failed to pass the resistance of the weekly R2. It was the third failed attempt. The failed attempt was followed by a decline. On Friday, after the decline, the rate was located below the combined resistance of the 55 and 100-hour simple moving averages and the 38.20% Fibonacci retracement level at 1.1200. Economic calendar During this week there
As expected, gold reached the 1,500.00 level on Wednesday. Moreover, during the second half of the day, the 1,510.00 mark was already touched. On Thursday, the commodity price was consolidating by trading sideways. Most likely the surge would resume, as soon as the hourly simple moving averages approach the price from below. Economic Calendar Analysis This week there will be no more data
The USD/JPY has retested the lower trend line of the pattern of the hourly candle chart. By dropping down to it and surging back up during Wednesday's trading. On Thursday, the rate traded just below the 55 and 100-hour simple moving averages. In general, the rate was about to test the resistance of these levels. Latest Fundamental Event Report Institute for Supply Management
The ascending pattern on the hourly candle GBP/USD chart held its ground and has pushed the rate higher. Moreover, during Thursday's London trading morning hours the rate was trading amidst the hourly simple moving averages, which were the last resistance to the rate before the pivot point at 1.2212. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data,
On Thursday, the EUR/USD traded above a 38.20% Fibonacci retracement level, which was keeping the rate up at 1.1200. Moreover, during the morning hours the rate was also being supported by the 55-hour simple moving average. In general, a test of the weekly R2 pivot point at 1.1234 was expected. If this level gets passed, the 1.1280 level could be reached. Latest
On Wednesday, the surge of the yellow metal continued, as by the middle of the day, the 1,490.00 level was reached. Moreover, the commodity price had no technical resistance, which could stop it from the surge. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which came out worse-than-expected of 53.7 compared with the forecast of 55.5. Anthony
On Wednesday morning, the USD/JPY bounced off the psychological support of the 106.00 level and reached above the 55-hour simple moving average, which began to support the pair. In general, the rate is expected to trade sideways until the 100-hour simple moving average approaches from above. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which came out
On Wednesday, the GBP/USD passed the support of the 55 and 100-hour simple moving averages. Afterwards, the rate touched the lower trend line of an ascending channel pattern at 1.2135. In accordance with the pattern, the rate should begin a surge. Although, a move upwards would face the 55, 100 and 200-hour simple moving averages at 1.2146, 1.2159 and 1.2197. Latest Fundamental
The EUR/USD currency exchange rate was heading to the 1.1170 level, where it would meet with two pivot points that will provide support to the pair. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar, following the US Non-Manufacturing PMI data release on Monday at 14:00 GMT. The EUR/USD exchange currency rate gained 6 pips or 0.05%
Yesterday, the price for gold reached the 1,475.00 level. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which came out worse-than-expected of 53.7 compared with the forecast of 55.5. Anthony Nieves, Chair of the Institute for Supply Management (ISM) Non-Manufacturing Business Survey Committee commented: "The NMI registered 53.7 percent, which is 1.4 percentage points lower than the
During today's morning, the USD/JPY currency pair started to test the resistance formed by the monthly S2 and the 55-hour SMA at 106.54. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which came out worse-than-expected of 53.7 compared with the forecast of 55.5. Anthony Nieves, Chair of the Institute for Supply Management (ISM) Non-Manufacturing Business Survey Committee
Since the middle of Thursday's trading session the GBP/USD has been making attempts to pass the resistance of the 55-hour simple moving average. In general, the rate was expected to be pushed down as soon as the 100-hour simple moving average approaches and provides additional technical resistance. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which
The EUR/USD currency pair reversed south from the resistance level formed by the weekly R1 at 1.1234. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar, following the US Non-Manufacturing PMI data release on Monday at 14:00 GMT. The EUR/USD exchange currency rate gained 6 pips or 0.05% right after the release. The Euro continued trading at
The yellow metal has reached a new high level, as the initial strengthening of the USD passed and a sell off began on Thursday. The surge has reached the 1,450.00 level, where it met with a dominant patterns trend line and a monthly pivot point. Latest Fundamental Event Report The Federal Reserve released the Federal Funds Rate data, which came out in line
The decline of the USD/JPY has reached below the 107.00 level. The rate has fallen far below the initially expected level of 108.40. On Friday, the decline was being slowed down by the support of a weekly pivot point, which next week will be moved, as the week will end. Due to that reason, most likely the monthly S2 at 106.54
Since the middle of Thursday's trading session the GBP/USD has been making attempts to pass the resistance of the 55-hour simple moving average. In general, the rate was expected to be pushed down as soon as the 100-hour simple moving average approaches and provides additional technical resistance. Latest Fundamental Event Report The Federal Reserve released the Federal Funds Rate data, which came