On Thursday, at 12:45 GMT, the European Central Bank published its Main Refinancing Rate and Monetary Policy Statement. In general, the bank kept its rate at 0.00%, but revealed that it would end its quantitative easing policy. Afterwards, comments made by the head of the central bank Christine Lagarde caused a surge of the currency pair. Economic Calendar Analysis On Friday, the US
The price for gold continues to test the resistance zone below the 1,810.00 mark. Meanwhile, it was observed that the 1,795.00 mark was providing support. At mid-Wednesday, the price was located in the resistance zone. Due to that reason, previous forecast scenarios remain unchanged. Economic Calendar Analysis Thursday will end with the US ISM Services PMI, which might cause minor volatility. On Friday, the
The decline of the US Dollar against the Japanese Yen has continued, as by the start of Wednesday's US trading hours, the rate had reached the 114.20 level. In the meantime, the rate had no technical support as low as the 114.00 mark and the weekly S1 simple pivot point at 113.93. Economic Calendar Thursday will end with the US ISM Services
The surge of the GBP/USD currency exchange rate has reached above the 1.3550 mark. In general, it was initially seen that the pair has no technical resistance as high as the weekly R2 simple pivot point at 1.3650. Meanwhile, it was expected that the 1.3600 mark could act as resistance. Economic Calendar On Thursday, the Bank of England will release its
On Wednesday, the recovery of the Euro against the US Dollar continued to surge, as the pair breached the weekly R1 simple pivot point at 1.1293 and the 1.1300 mark. By the middle of the day's trading, the pair had reached above 1.1320. Economic Calendar Analysis On Thursday, at 12:45 GMT the European Central Bank is set to publish its Main Refinancing
On Tuesday, the yellow metal's price continued to recover, as it approached the zone, which is located below the 1,810.00 mark. The zone acted as support in mid-January. During Tuesday's trading, it appeared that the zone was acting as resistance. Economic Calendar Analysis On Tuesday, the US ISM Manufacturing Purchasing Managers Index release at 15:00 GMT could cause USD moves. On Wednesday, at
The USD/JPY ended trading in the sideways range by declining. By mid-Tuesday's trading, the rate had reached below 114.60. In the near term future, the rate might look for support in the 114.50 mark. The 114.50 mark was being supported by the 200-hour simple moving average. Economic Calendar On Tuesday, the US ISM Manufacturing Purchasing Managers Index release at 15:00 GMT could
At mid-day on Tuesday, the GBP/USD currency exchange rate passed the resistance of the 1.3500 mark and shortly fluctuated above this level. Afterwards, the pair retraced to the 1.3480 mark. Economic Calendar On Tuesday, the US ISM Manufacturing Purchasing Managers Index release at 15:00 GMT could cause USD moves. On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set
During Tuesday's trading hours, the EUR/USD continued to recover, as by mid-day the rate had reached the 1.1280 mark. Meanwhile, it was spotted that the rate had reached above the 200-hour simple moving average, which appeared to have started to act as support. Economic Calendar Analysis On Tuesday, the US ISM Manufacturing Purchasing Managers Index release at 15:00 GMT could cause USD
The decline of the yellow metal, which was caused by the Federal Reserve, occurred in a narrow descending channel pattern. During late hours of Friday's trading, the commodity broke the pattern and started a recovery. By the middle of Monday's trading, the price had passed the 50-hour simple moving average and reached the 1,800.00 mark. Economic Calendar Analysis On Tuesday, the US ISM
Since Thursday, the USD/JPY currency exchange rate has been fluctuating sideways between the 115.20 and 115.70 levels. It was previously expected that the 50-hour simple moving average might push the pair up. However, on Monday, the USD/JPY passed below the SMA near 115.40. Economic Calendar On Tuesday, the US ISM Manufacturing Purchasing Managers Index release at 15:00 GMT could cause USD moves. On
The GBP/USD pair touched the 1.3450 mark at mid-day on Monday. However, the round exchange rate level acted as resistance and caused a retracement to the 1.3400 level and the 50-hour simple moving average. In the meantime, some resistance was being provided by the 100-hour simple moving average and the weekly simple pivot point near 1.3440. Economic Calendar On Tuesday, the
On Monday, the EUR/USD currency exchange rate recovered and reached the 1.1200 mark. The rate had reached the level by finding support in the 50-hour simple moving average and the 1.1150 level. Economic Calendar Analysis On Tuesday, the US ISM Manufacturing Purchasing Managers Index release at 15:00 GMT could cause USD moves. On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change
The decline of the yellow metal has reached below the 1,785.00 level. In the meantime, it has been spotted that the decline of the yellow metal's price has been occurring in a narrow channel down pattern. Economic Calendar Analysis XAU/USD short-term forecast If the bullion continues to decline, it could do so in the borders of the pattern. A potential decline of
On Friday morning, the USD/JPY currency pair found resistance in the 115.70 mark. The pair kept testing the resistance of this level until the US Dollar suddenly experienced an all out drop at 14:00 GMT. By the time of writing, the reason was unclear. Meanwhile, it was spotted that there was a support zone at 115.16/115.18. Economic Calendar USD/JPY short-term review If
Since mid-Thursday, the GBP/USD has been trading above the support of the 1.3360/1.3375 zone. At mid-day on Friday, the pair bounced off the support zone and suddenly surged to the 50-hour simple moving average at 1.3425. Economic Calendar GBP/USD short-term review A move above the 50-hour simple moving average could find resistance in the combination of the weekly S2 simple pivot point
The EUR/USD decline reached a new low level, as the pair touched the 1.1120 mark at mid-day on Friday. However, in the afternoon, the pair sharply recovered, as it suddenly surged to the 1.1160 mark. Both of the mentioned levels have been marked on the pair's chart. Economic Calendar Analysis EUR/USD hourly chart's review If the currency exchange rate passes above the 1.1160
On Wednesday at 19:00 GMT, the US Federal Reserve confirmed that it would end quantitative easing, gradually decrease its balance sheet and hike interest rates. The event resulted in a minor decline of the USD, which was followed by a sharp surge of the US currency. By the middle of Thursday's trading, the price for gold had reached the 1,810.00 mark
On Wednesday at 19:00 GMT, the US Federal Reserve confirmed that it would end quantitative easing, gradually decrease its balance sheet and hike interest rates. The event resulted in a minor decline of the USD, which was followed by a sharp surge of the US currency. On the USD/JPY charts this resulted in a crashing of the channel up pattern that
On Wednesday at 19:00 GMT, the US Federal Reserve confirmed that it would end quantitative easing, gradually decrease its balance sheet and hike interest rates. The event resulted in a minor decline of the USD, which was followed by a sharp surge of the US currency. On the GBP/USD charts, by mid-Thursday, the event had resulted in the crashing of
On Wednesday at 19:00 GMT, the US Federal Reserve confirmed that it would end quantitative easing, gradually decrease its balance sheet and hike interest rates. The event resulted in a minor decline of the USD, which was followed by a sharp surge of the US currency. By the middle of Thursday's European trading, the event had resulted in a decline of
In January, the asking price for Bitcoin experienced a sharp drop. Namely, on January 16, DUK+/EUR dropped below 1.5000. However, on the next day, the price recovered. Eventually the recovery ended at 1.9400. Since then, the price has been gradually declining. Meanwhile, on the bid chart the price dropped to 1.4500, before retracing to the 1.8500 level. Asking price chart
At the start of Tuesday's US trading, the price for gold jumped above the 1,850.00 mark. The event marked the rate reaching November levels. Meanwhile, take into account that the price for gold is set to react to the Federal Reserve events on Wednesday at 19:00 GMT. The announcements are expected to impact all markets. Economic Calendar Analysis XAU/USD short-term forecast If the
The USD/JPY has bounced off the January low level near 113.50. The following recovery has occurred in a channel up pattern. Most recently, on Tuesday, the rate encountered resistance in the form of the 200-hour simple moving average and the weekly simple pivot point near 114.15. Economic Calendar Expect major volatility on Wednesday at 19:00 GMT, as the Fed makes its rate