On Monday, the EUR/USD was consolidating just above the monthly pivot point at 1.1220. Although, by the middle of the day, the support of the pivot point was being tested. In general, the future forecasts scenarios were based on what will happen near the monthly pivot point. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the US
During today's morning, the XAU/USD exchange rate was trading sideways between the 55-, 100- and 200-hour SMAs. If the given moving averages hold, the rate could continue to trade sideways within the following trading session. Latest Fundamental Event Report Institute for Supply Management released the US ISM Non-Manufacturing PMI data , which came out worse-than-expected of 55.1 compared with the forecast of 56.1. According
During Friday's morning, the USD/JPY currency pair jumped to the psychological level at 108.00. It is likely, that the pair could re-test the upper boundary of the medium-term descending channel. Latest Fundamental Event Report Institute for Supply Management released the US ISM Non-Manufacturing PMI data , which came out worse-than-expected of 55.1 compared with the forecast of 56.1. According to the official release:
During today's morning, the GBP/USD exchange rate tumbled to the support level - the monthly S1 1.2545. If the given support level does not hold, it is expected, that bears could continue to prevail in the market. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following the UK Current Account data release on Friday at 08:30 GMT.
During Friday's morning, the EUR/USD currency pair breached the support level formed by the weekly S3 at 1.1275. Given, that the pair is pressured by the 55- and 100-hour moving averages, located circa 1.1290, it is expected, that some downside potential could prevail. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar, following the US ISM Non-Manufacturing PMI
During Thursday morning, the price for gold was testing the support formed by the 55-, 100- and 200-hour SMAs, located circa 1,410.00. If the given support holds, a reversal north is expected within the following trading session. Latest Fundamental Event Report Institute for Supply Management released the US ISM Non-Manufacturing PMI data , which came out worse-than-expected of 55.1 compared with the forecast
During Thursday morning, the USD/JPY currency pair was testing the support level formed by the 200-hour SMA at 107.76. If the given support holds, some upside potential could prevail in the market in the short term. Latest Fundamental Event Report Institute for Supply Management released the US ISM Non-Manufacturing PMI data , which came out worse-than-expected of 55.1 compared with the forecast
During Thursday's morning, the GBP/USD exchange rate traded sideways around the psychological level at 1.2580. It is likely, that the rate could go downside, as it is pressured by the 55-hour moving average at 1.2594. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following the UK Current Account data release on Friday at 08:30 GMT. The GBP/USD
The EUR/USD currency pair has been trying to surpass the support level - the weekly S3 at 1.1275 since Tuesday. Given, that the pair is pressured by the 55-hour moving average, it is likely, that some downside potential could prevail in the market. Also, it is unlikely, that high volatility could occur, as the US market is closed today. Latest Fundamental Event
Yesterday, the XAU/USD exchange rate tried to breach the long-term ascending trend north. During today's morning, the rate reversed south to the psychological level at 1,425.00. Latest Fundamental Event Report Bureau of Economic Analysis released the US Final GDP data, which came out in line with expectations of 3.1%. According to the official release: "The first-quarter percent change in real GDP was the same
During Wednesday morning, the USD/JPY currency pair was testing the support level formed by the 200-hour SMA and the weekly PP at 107.63. Given that the pair is pressured by the monthly PP at 107.84, it is likely, that the pair could trade sideways in the short term. Latest Fundamental Event Report Institute for Supply Management released the US ISM Manufacturing PMI
During Wednesday's morning, the GBP/USD exchange rate declined to the psychological level at 1.2560. It is likely, that the rate could maintain its decline. In this case, the rate could seek support at 1.2545 by the monthly S1. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following the UK Current Account data release on Friday at 08:30 GMT.
The EUR/USD currency pair has been trying to surpass the support level - the weekly S3 at 1.1275 since yesterday. Given, that the pair is pressured by the 55-hour moving average, it is likely, that some downside potential could prevail in the market. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the US ISM Manufacturing PMI data
Since Monday morning gold has continued to trade sideways in the range between 1,382.50 and 1,395.00. In general, the metal's price was expected to be pushed down by the technical resistance of the 55 and 100-hour simple moving averages. Latest Fundamental Event Report Bureau of Economic Analysis released the US Final GDP data, which came out in line with expectations of 3.1%. According to
On Tuesday morning the USD/JPY continued to trade below the technical resistance levels that were located just below the 108.50 level. Although, the rate might finally pass these levels, as the technical support of the 55 and 100-hour simple moving averages was approaching the pair from below. Latest Fundamental Event Report Institute for Supply Management released the US ISM Manufacturing PMI data ,
By the middle of Tuesday's London trading the GBP/USD had touched a new low level by reaching the 1.2620 mark. In general, the pair was expected to continue to decline, as it had to technical support as low as the 1.2594 level. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following the UK Current Account data release on
The decline of the EUR/USD resumed after a short surge on Monday. During the early Tuesday trading hours the rate had reached down to the support of the weekly S3 at 1.1275. By the middle of the day, the rate had started a recovery, which was expected to reach the 1.1300 level. Latest Fundamental Event Report The European Common Currency depreciated against the
Gold dropped like a thrown brick on the announcement that the US and China are restarting trade talks. Namely, risk off sentiment changed to risk on and the USD gained value due to the expected demand for it. By the middle of Monday's trading the metal's price had touched the 1,382.50 level. Latest Fundamental Event Report Bureau of Economic Analysis released the US
As most pairs on Monday, the USD/JPY had jumped. The event occurred due to the US and China resuming trade talks. The event both caused a surge of the USD and a general drop of the JPY. Namely, value went into risk on assets and currencies through the USD from the JPY. Latest Fundamental Event Report Bureau of Economic Analysis released the US
On Monday, the GBP/USD dropped down to the 1.2640 level due to the strength of the USD. Namely, the renewal of US-China trade talks resulted in a surge of the US Dollar. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following the UK Current Account data release on Friday at 08:30 GMT. The GBP/USD exchange currency rate gained
The EUR/USD dropped on Monday morning to the support of a weekly pivot point at 1.1316. The drop occurred due to the USD gaining value, as the US restarted trade talks with China. The rate is expected to consolidate by trading sideways or surging up to the 1.1340 level. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar,
The price for gold could not surpass the psychological level at the 1,425.00 mark. Note, that the XAU/USD exchange rate is supported by the 55- and 100-hour SMAs, thus, some upside potential could prevail in the market in the nearest future. Latest Fundamental Event Report Bureau of Economic Analysis released the US Final GDP data, which came out in line with expectations of
During Friday's morning, the USD/JPY was testing the support level formed by the 55- and 200-hour SMAs, as well the weekly PP at 107.70. If the given support level holds, it is expected, that a reversal north could occur. Latest Fundamental Event Report Bureau of Economic Analysis released the US Final GDP data, which came out in line with expectations of 3.1%. According
On Friday morning, the GBP/USD exchange rate reversed north from the support level formed by the 200-hour SMA and the weekly PP at 1.2669. The rate could maintain its growth in the short term. However, note, that the currency pair is pressured by the 100-hour SMA at 1.2703. Latest Fundamental Event Report The British Pound depreciated against the US Dollar, following the UK