As the EUR/USD waited for the US CPI release on Thursday at 12:30 GMT, the pair remained in previous range. The future direction will be set by the macroeconomic data release. High inflation will beat the rate down and low inflation will cause a surge. Economic Calendar Analysis On Thursday, the top event of the week will take place. The United States
The 1,657.50/1,662.50 zone has acted as support and held the price for gold up. Meanwhile, note that a surge up to the 1,685.00 was caused by fundamental news from the Bank of England. However, on Wednesday morning, the pair was once again at the support zone. Economic Calendar Analysis This week, the markets are looking forward for the monthly United States inflation
The USD/JPY trades above the levels, where the Bank of Japan intervened with a 20 billion USD purchase of the Japanese Yen. The central bank appears to have failed at its attempt to stop the rate from reaching new highs. On Wednesday morning, the currency rate was clearly heading to the 146.50 level. In the meantime, it has been spotted that
Announcements made by the Bank of England to pension funds and the broader markets increased the Pounds volatility. On the GBP/USD charts the result was a surge up to 1.1175/1.1180 and a follow up decline down to 1.0920/1.0935. On Wednesday morning, the currency pair had recovered to the combined resistance of the 1.1050 level and the 50-hour simple moving average. Economic Calendar This
Despite shortly reaching above 0.9750, the EUR/USD still trades near 0.9700. Namely, the pair attempted to surge and encountered resistance in the 100-hour simple moving average. On Wednesday morning, the SMA had approached the 0.9750 level. Economic Calendar Analysis This week, the markets are looking forward for the monthly United States inflation and retail sales data. In addition, on Wednesday, the FOMC
The decline of the price for gold has slightly increased, as the price has approached a support zone near 1,660.00. Economic Calendar Analysis This week, the markets are looking forward for the monthly United States inflation and retail sales data. In addition, on Wednesday, the FOMC Meeting Minutes might impact the markets. On Wednesday, at 12:30 GMT, the US Producers Price Index change
On Tuesday morning, the USD/JPY currency pair reached the 145.85/145.90 zone, which is where the Bank of Japan intervened and beat the currency rate down. The zone acted as resistance and the pair retraced to the support of the 50-hour simple moving average near 145.50. Economic Calendar This week, the markets are looking forward for the monthly United States inflation and retail
The GBP/USD currency pair broke the resistance of the channel down pattern. However, resistance was eventually provided by the 50-hour simple moving average and the 1.1100 mark. The following decline reached the support of the 1.1000 mark. On Tuesday morning, the pair fluctuated between the 1.1000 level and the 50-hour SMA near 1.1075. Economic Calendar This week, the markets are looking forward
The EUR/USD currency pair has been trading around the 0.9700 mark since the early hours of Monday's trading. However, on Tuesday morning, the pair shortly fluctuated at a new weekly low near 0.9670. In general, it could be possible that the rate remains almost flat until the US inflation data is released later in the week. Economic Calendar Analysis This week, the
The better than expected US employment data has caused a surge of the US Dollar, which has resulted in a decline of commodity prices. By 09:00 GMT on Monday, the price for gold had reached the 1,680.00 level and the 1,685.00 level together with the 200-hour SMA were acting as resistance. Economic Calendar Analysis This week, the markets are looking forward for
On Monday morning, the USD/JPY reached above the 145.00 mark and the last week's high level zone at 145.20/145.30 turned into support. Economic Calendar This week, the markets are looking forward for the monthly United States inflation and retail sales data. In addition, on Wednesday, the FOMC Meeting Minutes might impact the markets. On Wednesday, at 12:30 GMT, the US Producers Price Index
The 1.1500 resistance was enough to cause a broad decline of the GBP/USD. By 09:00 GMT on Monday, the pair had reached below 1.1050 and was heading to the 1.1000 level. Economic Calendar This week, the markets are looking forward for the monthly United States inflation and retail sales data. In addition, on Wednesday, the FOMC Meeting Minutes might impact the markets. However,
On Monday morning, the decline of the EUR/USD, which was caused by the better than expected US employment data, continued. By 08:30 GMT, the currency pair had reached below the 0.9700 mark. The round level did not act as support. Economic Calendar Analysis This week, the markets are looking forward for the monthly United States inflation and retail sales data. In addition,
Both the ask and bid prices of Dukascoin plummeted during the second half of September. The asking price for the coin eventually traded at the 1.3800 level. Meanwhile, the bid price touched 0.9700. Note that the low levels were not reached simultaneously. During the low bid level of 0.9700 on September 25, the ask price was located at 1.4100. This
The decline of gold's price on Wednesday was finding support in the 50-hour simple moving average near 1,705.00. However, the SMA eventually failed and a short lived decline occurred, as the commodity immediately reversed at the 1,700.00 level. Economic Calendar Analysis Above all, on Friday, the US Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate are set to move the markets. XAU/USD
The recovery of the US Dollar against the Japanese Yen appears to have encountered resistance in the 144.80 level. After the encounter, the pair retraced and found support near 144.40. In the meantime, it appeared that the 50 and 200-hour simple moving averages had resumed to have an impact on the pair. Economic Calendar Above all, on Friday, the US Average Hourly
The decline of the Pound against the US Dollar eventually found support in the 1.1250 level and the 100-hour simple moving average. The combination was enough to cause a surge, which on Thursday morning encountered resistance in the 50-hour SMA near 1.1380. Meanwhile, the 100-hour SMA had approached the 1.1300 mark. Economic Calendar Above all, on Friday, the US Average Hourly Earnings,
The 1.0000 mark provided enough resistance to cause a decline of the EUR/USD. During the second part of Wednesday's trading, the currency pair found support in the combination of the 100-hour simple moving average and the 0.9850 level. The support was enough to cause a move upwards. On Thursday morning, the pair was testing the resistance of the weekly R1 at
On Tuesday afternoon, the price for gold broke the upper trend line of the channel up pattern and reached the September high levels near 1,730.00. The 1,730.00 level acted as resistance and caused a price decline. Economic Calendar Analysis On Wednesday, the US ISM Services PMI is likely going to cause USD moves. The Monday's Manufacturing PMI caused a broad decline of
The USD/JPY extended its decline on Tuesday and by midnight to Wednesday the pair almost reached the 143.50 level, before a recovery started. By the middle of Wednesday's trading, the pair had reached the combined resistance of the 144.50 level and the 50 and 100-hour simple moving averages, which appeared to have resumed to have an impact. Economic Calendar On Wednesday, the
The GBP/USD surge extended, as the UK government announced that it would not do its fiscal stimulus, as it was previously announced. The news strengthened the Pound's value. At mid-day on Tuesday, the pair broke the upper trend line of the channel up pattern, the 1.1450 level and the weekly R1 simple pivot point at 1.1483. Economic Calendar On Wednesday, the US
During late Tuesday's trading a broad decline of the US Dollar occurred. On the EUR/USD charts it resulted in the pair breaking one resistance after another until the 1.0000 mark was reached. The 1.0000 level acted as resistance and caused sideways trading in the 0.9950/1.0000 range. Economic Calendar Analysis On Wednesday, the US ISM Services PMI is likely going to cause USD
The surge of the price for gold has reached the 1,710.00 mark. As the metal has reached new high levels, we have marked the September high at 1,730.00 and the late August high at 1,765.10. In addition, it has been spotted that the recent commodity recovery has occurred in a channel up pattern. Economic Calendar Analysis On Wednesday, the US ISM Services
During the second part of Monday's trading, the USD/JPY declined below the 145.00 mark. The decline was caused by the below expectation results of the US Manufacturing PMI results at 14:00 GMT. Namely, a fundamental adjustment of the USD value occurred and pushed the USD/JPY rate as low as 144.15. However, a recovery has followed the event. Economic Calendar This week, the