Increased volatility and macro economical data from U.S. and Japan were reasons for forward momentum to continue and raise USD/JPY above 155.000 price level. Economic Calendar No significant volatility is expected, considering that medium-impact fundamental data are being presented to the global market. USD/JPY hourly chart analysis The previous week saw significant momentum to the upside, with the currency pair reaching above the
The Federal Reserve's decision to cut interest rates on its native currency has had a significant impact on GBP/USD. The rate decreased from the 1.27000 price level to 1.25000 before recovering above 1.25500. Economic Calendar No significant volatility is expected this week, considering the low number of macroeconomic data coming out of both the UK and the United States. GBP/USD hourly chart analysis
After a slight pause in downward pressure, EUR/USD continued to drop, reaching a price level of 1.0345, driven by uncertainty surrounding the EU's economic outlook and the Fed's decision to cut interest rates. Although the FX pair has recovered, the 50-hour and 100-hour simple moving averages are below 1.04330, which could be considered a signal for consolidation, provided no significant fundamental
The previous week saw higher-than-expected volatility in gold. Price consolidation has been a theme for gold over the last few weeks. 2025 could bring new uncertainty, which may impact the price of gold positively. Economic Calendar Analysis The Fed's interest rate decision should be important for the outlook on monetary policy, helping to assess potential risks in the market and possibly
Continued elevated levels of volatility have been a feature of the second half of the 2024 calendar year for USD/JPY. This volatility has created opportunities in the FX trading pair. Economic Calendar The week should be considered as highly volatile considering the fact that both monetary policy planners on both currencies will have presented a statement regarding currency interest rates. The Merchandise Trade
Previous week saw resistance of 1.27700 having significant influence on the further price move, creating price pressure to the downside, lowering currency pair price towards 1.26200 price level. Economic Calendar This week should see a significant increase in volatility, as domestic data will be released regarding retail sales, the unemployment rate, CPI, and the BoE interest rate decision on the 19th of
The decline of the EUR/USD has stopped as the Dollar strengthened throughout the week. The 1.0500 mark was reached and acted as support. Sideways trading has been ongoing for quite some time. In the meantime, the 50-hour and 100-hour simple moving averages are within the previous week's FX rate range, thus creating a higher probability scenario for a reversal if market
Compared to its year-to-date performance, gold underperformed in the previous week, with no significant price movement. Although inflows into gold investment products continued, there was no notable price movement during the week. Economic Calendar Analysis No significant price movements are expected this week from macroeconomic data releases. XAU/USD short-term forecast In the short term, gold continues to trade sideways within a range of
Elevated levels of volatility have been a feature of the second half of the calendar year 2024 for USD/JPY. However, the previous week has been relatively calm, considering the US dollar's dominance in the broader market. Economic Calendar The week will be calm. There are no events that could impact the rate up to Friday. The only fundamental data that could impact
Although the previous week saw some volatility in the GBP/USD currency pair, it helped the pair gain momentum and steadily rise above the 1.27000 level. Further confirmation of the overall trend should occur in the upcoming weeks, provided there are no sudden global changes. Economic Calendar This week, the Office for National Statistics in the UK will report month-on-month changes in the
The decline of the EUR/USD has stopped, as the Dollar strengthened throughout the week. The 1.0500 mark was reached that acted as support. In the meantime, the 50 and 100-hour simple moving are within previous weeks fx rate range, thus creating a higher probability scenario of a reversal if there would be market parameters that would allow such condition. Economic Calendar
Although gold has seen short term volatility since the world braces for presidency of Donald J. Trump, year to date, gold has seen price raise of over 30%. Not only as a portfolio hedge to uncertainty but as a trading instrument as well, gold has been useful to seek outsized returns, this year if properly applied. Economic Calendar Analysis The week could
Since its November high, USD/JPY has dropped more than 5%, with just three bullish candles in the last 12 sessions, hinting that the downtrend may be close to reversing. Bullish signals are also showing on both the daily and 4-hour RSIs in the oversold zone. Economic Calendar Next week should not bring any unexpected volatility, considering that the importance of economic events
The decline of the EUR/USD has stopped, as the Dollar strengthened throughout the week. The 1.0500 mark was reached that acted as support. Upcoming week will test 1.0500 level In the meantime, the 50 and 100-hour simple moving averages are significantly higher than the current currency pair rate, thus creating a higher probability scenario of a reversal if there would be
It has been spotted that the metal's price has declined, since the US elections, in a channel down pattern. However, the price has found support in the 2,540.00 level to start a recovery that was strong enough to break the pattern and the 2,600.00 mark. In general, the metal was already oversold, which contributed to the start of the recovery. Economic
The post-US election surge encountered resistance near the 156.50 level. It appears that this level, namely the 156.50/156.75 range, is capable of impacting the pair. However, the follow-up decline has found support in the 153.60/153.90 range. By mid-Monday's trading, the currency pair had started a recovery that faced resistance in the 50 and 100-hour simple moving averages near 155.25. Meanwhile,
The decline of the Pound against the US Dollar has continued. However, on Friday, the rate appeared to have found support in the 1.2600 mark, namely the 1.2600/1.2620 range. Economic Calendar br> The week will be calm. There are no events that could impact the rate up to Friday. On Friday, the publication of the Manufacturing and Services sector Purchasing Managers Indices could
The decline of the EUR/USD continued, as the Dollar strengthened throughout the week. Eventually, the 1.0500 mark was reached that acted as support. However, the support was not enough to create a broader recovery, as the 1.0600 mark started to act as resistance. In the meantime, the 50 and 100-hour simple moving averages revealed that they are capable of impacting the
Gold declined after the US elections. By mid-Monday, the decline had almost reached the 2,600.00 mark, as a recovery started. However, the recovery was facing the resistance of the 2,620.00 mark. Economic Calendar Analysis This week, markets will watch the publication of the US Consumer Price Index on Wednesday at 13:30 GMT. The inflation data will reveal whether the US government and
In the aftermath of the US elections, the US Dollar surged and the USD/JPY rate reached above 154.50. However, the pair did not test the 155.00 mark, as a retracement started. Eventually, the retracement ended near 152.20. This week, the rate appeared to be heading back higher, as on Monday the 154.00 level's resistance was tested. Economic Calendar This week, markets will
The US elections caused a drop of the GBP/USD to the support range near 1.2840. Surprisingly, the range held and forced the pair into another test of the resistance of the 1.3000 mark. However, the 1.3000 held and by this week the pair was back at 1.2840/1.2855. Economic Calendar This week, markets will watch the publication of the US Consumer Price Index
In the aftermath of the US elections, the EUR/USD declined due to a broad strengthening of the US Dollar. It was expected by our analysts that the USD would decline, as the Trump government would not care about inflation and stimulate the markets. However, it appears that the strengthening and potential gains in the USA are creating demand for the USD,
The price of gold has continued to book higher and higher levels. However, it constantly gets overbought and each fundamental event that strengthen the USD causes major drop of the commodity price. This week, the price is bound to be dictated by the US Presidential Election and US Federal Reserve announcements. Economic Calendar Analysis The US Presidential Election and the Congressional elections
As the US election approaches, the USD/JPY bulls appear to have taken profit, as the rate broke the channel up pattern on October 31. It appears that the rate is waiting for this week's fundamental events near the 151.50 mark. Economic Calendar The US Presidential Election and the Congressional elections takes place on Tuesday. These events will guide the financial markets. On Thursday,