On Friday, the US government announced that Russia is about to invade Ukraine. The news caused a major run to safety. The price for gold jumped up to the 1,865.00 level. On Monday, the price declined and revealed that there is a support zone at 1,851.30/1,851.60. In the meantime, it was spotted that the surge of the price for gold has
On Friday, the USD/JPY currency exchange rate was testing the support of the channel up pattern and the 50-hour simple moving average near 115.85. However, the US government announced that Russia is about to invade Ukraine. The event caused a major run to safety, as the value of the Japanese Yen spiked. On the USD/JPY charts it resulted in a two
On Monday morning, the GBP/USD currency exchange rate declined to the 1.3500 mark. The 1.3500 level acted as support and managed to hold, by the middle of the day's European trading hours. Economic Calendar On Tuesday, at 13:30 GMT, the US Producers Price Index data will reveal, how high is the inflation at the production level. On Wednesday, at 07:00 GMT, the
The EUR/USD has been declining in a channel down pattern since the pair touched the US CPI high on February 10. On Monday, the pair was approaching the 1.1300 mark and the weekly S1 simple pivot point at 1.1289. Economic Calendar Analysis On Tuesday, at 13:30 GMT, the US Producers Price Index data will reveal, how high is the inflation at the
The US CPI caused gold price volatility, which occurred in the 1,822.10/1,842.10 range. As the markets calmed down and took in the fundamental news, the price for gold retreated to trade below the 1,830.00 mark. At mid-day on Friday, the commodity price was located between support of the 1,825.00 mark and the 100-hour simple moving average and the resistance of the
Despite the volatility caused by the release of the US Consumer Price Index data on Thursday, the USD/JPY currency exchange rate has continued to trade in a channel up pattern. The CPI release resulted in a test of the resistance of the high level zone at 116.25/116.35. The bounce off from the resistance zone provides another reference point for a more
Just like all USD pairs and assets the GBP/USD was highly volatile during the US Consumer Price Index release. The pair was bouncing around in the 1.3525/1.3645 range after the release. On Friday morning, the currency exchange rate found support in the weekly simple pivot point at 1.3517 and started a surge. By the middle of the day's European trading
The EUR/USD reacted to the publication of the US Consumer Price Index by being highly volatile in the 1.1375/1.1500 range. On Friday morning, the volatility was gone and the pair declined below the 1.1375 mark, before retracing to the 1.1400 level. At mid-day, it appeared that the 1.1400 mark was acting as resistance. Economic Calendar Analysis On Tuesday, at 13:30 GMT, the
On Tuesday, the price for gold eventually reached the 1,825.00 level and passed it. On Wednesday, the rate had already confirmed the 1,825.00 as support and pierced the resistance of the summer high level zone at 1,830.00. Economic Calendar Analysis On Thursday, the publication of the US Consumer Price Index and US Core Consumer Price Index data at 13:30 GMT is set
On Tuesday, the USD/JPY currency exchange rate reached the resistance of the late January high at 115.70. The pair failed to reach above the level and started a decline. Afterwards, a drop occurred, which was stopped by the 50-hour simple moving average. Since early Wednesday's trading hours the pair was being supported by the SMA. In the meantime, the rate was
During the early hours of Wednesday's US trading hours, the GBP/USD currency exchange rate had revealed a channel up pattern, which had guided the rate since Friday. However, the pattern was not expected to hold, as the incoming US Consumer Price Index data on Thursday was expected to cause an adjustment of the value of the USD. Economic Calendar On Thursday,
The support of the 1.1400 mark was strong enough on Wednesday morning to cause a breaking of the resistance line, which had guided the rate down since February 4. In addition, the currency exchange rate passed the resistance of the 50 and 100-hour simple moving averages. Economic Calendar Analysis There will be one notable event during the week. On Thursday, the publication
In early February, the DUK+/EUR slightly ascended, as the asking and bid prices have moved. Namely, the asking price has increased by 13 cents and the bid price has increased by 8 cents. However, the bid price had experienced spikes and fluctuated in a 23 eurocent range. Meanwhile, take into account that both ask and bid prices are located near clusters
The price for gold surged late on Monday. However, the price did not reach the 1,825.00 mark, as the surge ended near the 1,823.00 level. On Tuesday, the commodity retraced downwards, as the metal was looking for future direction. Economic Calendar Analysis On Thursday, the publication of the US Consumer Price Index and US Core Consumer Price Index data at 13:30 GMT
On Tuesday morning, the USD/JPY currency exchange rate passed above the previous February high level zone near 115.40. However, by the middle of the day's trading, the pair had retraced downwards and was looking for technical support. Economic Calendar On Thursday, the publication of the US Consumer Price Index and US Core Consumer Price Index data at 13:30 GMT is set to
The GBP/USD currency exchange rate surged on Tuesday, as it reached above the resistance of the 50 and 100-hour simple moving averages near 1.3530 and 1.3550. At mid-day European trading hours, the pair shortly reached above the 1.3560 level. Economic Calendar On Thursday, the publication of the US Consumer Price Index and US Core Consumer Price Index data at 13:30 GMT
The EUR/USD has reached below the support of the 1.1412/1.1416 zone. However, after shortly reaching below the 1.1400 mark, the pair found support in the 100-hour simple moving average. In the meantime, it was spotted on Tuesday that the pair has been declining since February 4 in a channel down pattern. Economic Calendar Analysis There will be one notable event during the
Despite experiencing a sharp dip due to the US Employment data sets on Friday at 13:30 GMT, the price for gold returned to testing the resistance of the 1,815.00 mark. On Monday, the price passed above the 1,815.00 mark. Economic Calendar Analysis On Thursday, the publication of the US Consumer Price Index and US Core Consumer Price Index data at 13:30 GMT
On Monday morning, the USD/JPY currency exchange rate bounced off the resistance zone, which surrounds the 115.40 mark. Afterwards, the rate declined to the support of the 200-hour simple moving average near 114.90. Economic Calendar On Thursday, the publication of the US Consumer Price Index and US Core Consumer Price Index data at 13:30 GMT is set to impact the value of
In the aftermath of the Bank of England rate hike, the GBP/USD has declined. On Monday, the currency pair reached below the 1.3500 mark and touched the 200-hour simple moving average near 1.3490. Meanwhile, resistance was being provided by the 100-hour simple moving average near 1.3550. Economic Calendar On Thursday, the publication of the US Consumer Price Index and US Core
In the aftermath of the ECB caused surge, the EUR/USD currency exchange rate has begun to consolidate by trading sideways. The rate has been trading sideways between the support of the 1.1412/1.1416 zone and resistance at 1.1472/1.1485. Economic Calendar Analysis There will be one notable event during the week. On Thursday, the publication of the US Consumer Price Index and US Core
Despite piercing the resistance of the 1,810.00 mark, the price for gold declined. By the middle of Thursday's trading, the price for the yellow metal was located in the range between 1,800.00 and 1,805.00 levels. In the meantime, it was observed that the price was ignoring the 50 and 100-hour simple moving averages. Economic Calendar Analysis On Friday, the US is
The 114.20 mark provided enough support to the USD/JPY currency exchange rate for the pair to recover. By the start of Thursday's US trading hours at 14:30, the pair had made an attempt to reach the 115.00 mark. Economic Calendar On Friday, the US is going to publish employment data at 13:30 GMT. Click on the link below to find out more about
On February 3, the Bank of England published its Monetary Policy Summary. The bank hiked its interest rate by 0.25% to 0.50%. In addition, the central bank Monetary Policy Committee voted unanimously to start to reduce its stock of bonds. Namely, the bank is starting quantitative tightening. On the release, the GBP/USD suddenly dropped by 23 base points or 0.17%,