The price for gold has passed below the support of the 100 and 200-hour simple moving averages and the 1,784.20/1,786.00 range. However, during late Monday's trading, support was found in the 1,780.00 level and the price retraced back above 1,785.00, as it ignored technical levels. The metal is ignoring technical, as the market expects the publication of the US Consumer
The USD/JPY has approached the 137.70/137.85 range and shortly even moved above it. On Tuesday morning, it appeared that the pair was consolidating by trading sideways below the resistance zone and near the 137.50 level. Economic Calendar The US Consumer Price Inflation data is set to be published on Tuesday at 13:30 GMT. The inflation is set to reveal whether the Federal
The Monday's decline of the GBP against the US Dollar found support in the 100-hour simple moving average near 1.2220. Afterwards, the rate found resistance in the 1.2300 mark. During the first half of Tuesday's trading, the pair remained below the 1.2300 level. Economic Calendar The US Consumer Price Inflation data is set to be published on Tuesday at 13:30 GMT. The
The EUR/USD remained near previous levels during Tuesday's early trading hours, as the pair waited for the US Consumer Price Index to be released at 13:30 GMT. Economic Calendar Analysis The US Consumer Price Inflation data is set to be published on Tuesday at 13:30 GMT. The inflation is set to reveal whether the Federal Reserve is successful in its policy at
On Friday, the 1,803.30/1,809.90 range forced the price for gold into a decline. It was coincidental with the publication of the United States Producers Price Index being higher than expected. Namely, the higher inflation data set indicates that the US monetary policymakers might increase interest rates and thus strengthen the US Dollar. The following decline found support on Monday morning
On Friday, the USD/JPY currency pair found support in the 135.60/135.75 zone. By the middle of Monday's trading hours, the pair had reached above the 137.00 mark. Meanwhile, support appeared to be provided by the 50, 100 and 200-hour simple moving averages near 136.50. Economic Calendar The US Consumer Price Inflation data is set to be published on Tuesday at 13:30 GMT.
On a month-on-month basis the United Kingdom gross domestic product has increased by 0.5%, instead of the market consensus forecast of 0.4%. The higher than forecast GDP revealed that the Bank of England has room for interest rate hikes. Due to that reason, the Pound surged against peer currencies. The GBP/USD surged nearly 34 base points or 0.27%. Coincidentally, the event
The EUR/USD failed to reach the 1.0600 mark. Instead, a retracement from the 1.0580 down to the 1.0500 mark has occurred. On Monday, the pair surged and was located near the 1.0550 level. Economic Calendar Analysis The US Consumer Price Inflation data is set to be published on Tuesday at 13:30 GMT. The inflation is set to reveal whether the Federal Reserve
On Friday, the price for gold managed to pass above the resistance of the 1,795.00 level. Although, by large, the situation had not changed since Thursday. Economic Calendar Analysis On Friday, at 13:30 GMT the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes in the United States at the production level. In general, it is
On Friday morning, the USD/JPY shortly traded below the weekly simple pivot point at 135.93 and the 136.00 mark. However, by 08:00 GMT the rate had recovered and approached the 136.50 level and the 50, 100 and 200-hour simple moving averages. Economic Calendar On Friday, at 13:30 GMT the US Producers Price Index and Core Producers Price Index are set to reveal
On Friday morning, the GBP/USD reached above the 1.2250 level, as the recovery of the Pound against the USD continued. Economic Calendar On Friday, at 13:30 GMT the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes in the United States at the production level. In general, it is assumed that producer level inflation is followed
On Friday morning, the EUR/USD step by step continued with its recovery, as by 08:00 GMT the pair was above 1.0580. Economic Calendar Analysis On Friday, at 13:30 GMT the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes in the United States at the production level. In general, it is assumed that producer level inflation
The support of the 200-hour simple moving average was enough for the price of gold to move above the 50 and 100-hour simple moving averages and the 1,785.20/1,786.30 range. During Thursday's trading, the metal encountered resistance in the 1,795.00 level, before retracing to the zone, which appeared to have turned into support. Economic Calendar Analysis On Friday, the US Producers Price Index
The USD/JPY passed the ascending support trend line in a sharp move, which eventually paused near 136.30. Throughout Thursday's trading, the pair fluctuated between 136.30 and 137.20. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes in the United States at the production level. In general, it is assumed that producer
On Thursday, the GBP/USD pair found support in the weekly simple pivot point at 1.2162 and surged to the 1.2250 level. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes in the United States at the production level. In general, it is assumed that producer level inflation is followed afterwards by
The recovery of the EUR/USD initially stalled at the 1.0550 level. However, after retracing down and finding support in the 50-hour simple moving average, the pair eventually surged above 1.0550. Economic Calendar Analysis On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes in the United States at the production level. In general, it
The recovery from the 1,764.00/1,766.15 range found resistance in the 1,780.00 level. Afterwards, a decline appears to be finding support in the 200-hour simple moving average near 1,770.00. By mid-Wednesday, the price remained above the 200-hour SMA, as the 50-hour SMA approached from above and acted as resistance. Namely, the price is expected to get squeezed in between the
By mid-Wednesday, the USD/JPY currency pair reached the 137.80 level. Meanwhile, it was spotted that the pair might be supported by an ascending supporting trend line. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes in the United States at the production level. In general, it is assumed that producer level
The weekly simple pivot point at 1.2162 eventually failed to keep the pair up and on Wednesday morning the GBP/USD almost reached the 1.2100 level. However, by mid-day the rate had recovered and reached the 1.2180 level, where resistance was provided by the 50-hour simple moving average. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are
The EUR/USD eventually passed below the support of the 100-hour simple moving average near 1.0490 and the weekly simple pivot point at 1.0456. However, on Wednesday morning, the pair found support in the 200-hour simple moving average near 1.0440. In addition, it appears that the 1.0450 level acted as support. By the middle of Wednesday's trading, the rate had recovered and
The price for gold eventually declined, as a broad asset sell off occurred on Monday. The decline passed below both support zones near 1,795.00 and 1,785.00. Eventually, the decline ended, as the commodity price found support in the 1,764.00/1,766.15 range. On Tuesday morning, the range was strengthened by the 200-hour simple moving average, which appeared to be pushing the
The recovery of the US Dollar against the Japanese Yen has reached the combination of the 137.50 level and the 200-hour simple moving averages, which have acted as resistance. Meanwhile, on Tuesday morning it was spotted that support was found in the 136.50 level. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal
The retracement downwards of the Pound against the US Dollar found support in the weekly simple pivot point at 1.2162. On Tuesday morning, the pair was approached by the 100-hour simple moving average near 1.2180 and it appeared to have started to push the pair up. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are set
The EUR/USD has passed the support of the 50-hour simple moving average and the 1.0500 mark. Moreover, the recent channel up pattern was broken. On Tuesday morning, the currency pair was finding support in the 100-hour simple moving average near 1.0480. Economic Calendar Analysis On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes