After reaching a new low level at 1.0162, the EUR/USD started a minor recovery. On Thursday morning, the recovery found resistance in the weekly S2 simple pivot point and the 1.0220 level. In the meantime, the pair was being approached by the 50-hour simple moving average. Economic Calendar Analysis On Friday, the United States are scheduled to release their monthly employment data
As the US Dollar continues to strengthen, the price for gold has plummeted. By the middle of Wednesday's European trading hours, the commodity had reached the 1,760.00 level. The price has not been this low during 2022. In the meantime, note that the 1,740.00/1,760.00 zone acted as support during a couple of periods in 2021. Namely, it acted as support in
The USD/JPY currency exchange rate has revealed that it faces resistance at the 136.28/136.38 zone. The zone was strong enough to cause a decline, which by the middle of Wednesday's European trading hours had almost reached the 135.00 level. Economic Calendar Watch out for the Wednesday's Federal Reserve's FOMC Meeting Minutes at 18:00 GMT. On Thursday, the ADP Non-farm Employment Change might impact
The decline of the Pound against the US Dollar eventually reached the 1.1900 level, which acted as support. During the first half of Wednesday's trading, the pair retraced back up to the resistance zone of Friday's low levels at 1.1975/1.1995. Economic Calendar Watch out for the Wednesday's Federal Reserve's FOMC Meeting Minutes at 18:00 GMT. On Thursday, the ADP Non-farm Employment Change might
The plummeting of the EUR/USD on Tuesday was attributed and most likely actually was fueled by various fundamentals like strikes, protests and bad economic data. Eventually, the rate's drop appeared to have stopped near the 1.0250 mark, around which the rate began to trade sideways. However, on Wednesday morning, a new low was touched, as the pair reached below 1.0230. Economic Calendar
The price for gold has confirmed that the 1,812.00/1,814.35 zone is acting as resistance. On Tuesday morning, the commodity price bounced off the zone and started a decline, which was aiming at the 1,800.00 mark. Economic Calendar Analysis Watch out for the Wednesday's Federal Reserve's FOMC Meeting Minutes at 18:00 GMT. On Thursday, the ADP Non-farm Employment Change might impact the markets through
The support zone, which was revealed on Friday, has been enough to cause a broader recovery of the US Dollar against the Japanese Yen. By the start of Tuesday's European trading, the currency pair had reached back above the 136.00 mark. Economic Calendar Watch out for the Wednesday's Federal Reserve's FOMC Meeting Minutes at 18:00 GMT. On Thursday, the ADP Non-farm Employment Change
Since finding support in the zone near 1.2100 mark during early Monday's trading, the GBP/USD has been ignoring technical levels. Namely, no support and resistance is being found in the 50 and 100-hour simple moving averages, the weekly simple pivot point at 1.2133 and the round exchange rate levels of 1.2100 and 1.2150. Economic Calendar Watch out for the Wednesday's Federal Reserve's
On Tuesday morning, at 07:00 GMT, the EUR/USD currency pair plummeted from 1.0440 down to 1.0380 in less than 30 minutes. At the time of writing, it appeared that the support zone at 1.0382/1.0385 was being passed. In general, the exact reason for the drop was unknown. However, note that recent strikes of food producers in the Euro Zone have resulted
On Friday, the price for gold eventually reached the May low level at 1,786.65. For a short period the price fluctuated below this level, prior to starting a recovery. By the middle of Monday's trading, the price had reached above 1,800.00 and encountered resistance in the 100-hour simple moving average. Economic Calendar Analysis Watch out for the Wednesday's Federal Reserve's FOMC Meeting
The decline of the US Dollar against the Japanese Yen found support in the 134.75/134.80 zone. Meanwhile, since Friday the pair has been encountering resistance in the 135.50 mark and the 50 and 200-hourly simple moving averages. Economic Calendar Watch out for the Wednesday's Federal Reserve's FOMC Meeting Minutes at 18:00 GMT. On Thursday, the ADP Non-farm Employment Change might impact the markets
After reaching below the 1.2000 mark, the GBP/USD rate touched the 1.1977, prior to starting a recovery. By the middle of Monday's trading hours, the pair had recovered and reached above the 1.2150 mark. Economic Calendar Watch out for the Wednesday's Federal Reserve's FOMC Meeting Minutes at 18:00 GMT. On Thursday, the ADP Non-farm Employment Change might impact the markets through the value
At mid-day on Friday, the EUR/USD shortly pierced the support zone at 1.0382/1.0385. However, a recovery followed the event. By the middle of Monday's trading, the pair had recovered to the 1.0450 level. Economic Calendar Analysis Watch out for the Wednesday's Federal Reserve's FOMC Meeting Minutes at 18:00 GMT. On Thursday, the ADP Non-farm Employment Change might impact the markets through the value
The price for Gold has reached below the 1,800.00 mark. However, note that at mid-day on Thursday, the commodity price jumped to 1,825.00, before returning to the previous low levels near 1,805.00. The move was caused by the publication of the US PCE inflation data, which the Fed uses for guidance. In addition, the decline of the price of gold was
On Friday morning, the USD/JPY currency rate reached below the 135.00 level. Previously, the rate broke the channel up pattern and declined below the 100 and 200-hour simple moving averages and the weekly simple pivot point at 135.38. Economic Calendar On Friday, note the US ISM Manufacturing PMI at 14:00 GMT. Next week, watch out for the Wednesday's Federal Reserve's FOMC Meeting Minutes
Despite a surge and breaking of resistance levels at mid-day on Thursday, the GBP/USD has declined. The surge occurred due to the lower than forecast US Core PCE inflation data, which caused a seven-hour surge. However, afterwards the pair resumed to decline. By the middle of Friday's trading, the pair had reached back below 1.2100. Economic Calendar On Friday, note the US
The EUR/USD has revealed a support zone at 1.0382/1.0385 and resistance at 1.0485/1.0488. During the first half of Friday's trading, the pair was fluctuating near the 1.0450 level. Economic Calendar Analysis On Friday, note the US ISM Manufacturing PMI at 14:00 GMT. Next week, watch out for the Wednesday's Federal Reserve's FOMC Meeting Minutes at 18:00 GMT. On Thursday, the ADP Non-farm Employment Change
The high volatility of the yellow metal's price ended with a decline. By the middle of Thursday's trading hours, the price had reached below the previous June low level and the 1,805.00/1,809.00 zone. Economic Calendar Analysis On Friday, note the US ISM Manufacturing PMI at 14:00 GMT. XAU/USD short-term forecast If the commodity price continues to decline, the bullion might look for support
The USD/JPY currency pair reached the 137.00 level, which acted as resistance. The event was followed by a decline, which by the middle of Thursday's trading had reached the 136.00 level's support. Meanwhile, a channel up pattern was spotted. The pattern has guided the pair upwards since May 24. Economic Calendar On Friday, note the US ISM Manufacturing PMI at 14:00 GMT.
On Thursday morning, the GBP/USD currency exchange rate confirmed the 1.2160/1.2170 zone as resistance and started a decline. By 12:00 GMT, the currency pair had reached below the 1.2100 level and was expected to look for support in the weekly S2 simple pivot point at 1.2085. Economic Calendar On Friday, note the US ISM Manufacturing PMI at 14:00 GMT. GBP/USD short-term review A move
At mid-day on Thursday, the EUR/USD passed below the 1.0400 mark. By 12:00 GMT, the pair was heading lower, as it had no support as low as the weekly S3 simple pivot point at 1.0342 and the 2017 low level at 1.0340. Economic Calendar Analysis On Friday, note the US ISM Manufacturing PMI at 14:00 GMT. EUR/USD hourly chart's review If the pair finds
As the yellow metal's price shortly reached below the 1,815.00 mark, the price became highly volatile. Namely, during the mid-day hours of Wednesday, the price was highly volatile between 1,812.00 and 1,833.00. Economic Calendar Analysis The pair might react to the Thursday's release of the US Core PCE Price Index at 12:30 GMT. On Friday, note the US ISM Manufacturing PMI at
At mid-day on Wednesday, the USD/JPY currency pair reached above the previous June high levels at 136.60/136.70. Economic Calendar The pair might react to the Thursday's release of the US Core PCE Price Index at 12:30 GMT. On Friday, note the US ISM Manufacturing PMI at 14:00 GMT. Hourly Chart Next target for the surge could be the 137.00 mark, which might act
The GBP/USD currency pair has passed below the support of the weekly S1 simple pivot point at 1.2174 and the previous week's low level zone at 1.2160/1.2170. Economic Calendar The pair might react to the Thursday's release of the US Core PCE Price Index at 12:30 GMT. On Friday, note the US ISM Manufacturing PMI at 14:00 GMT. GBP/USD short-term review A continuation of