Gold found resistance in the 1,910.00 mark once again, during early hours of Wednesday's trading. By the middle of the day's trading, the commodity price had reached below the 1,900.00 level. In addition, the price had passed the support of the 55, 100 and 200-hour simple moving averages. Economic Calendar Analysis There is one major notable event to watch this week. The
The USD/JPY currency exchange rate failed to even reach the 110.00 level on Wednesday. The pair encountered resistance already at 109.88. Afterwards, the pair retraced down to the weekly simple pivot point at 109.56, which provided support. By the middle of Thursday's trading, the rate had recovered and was expected to make another attempt to pass the resistance zone below
The GBP/USD found support just above 1.4110, on Wednesday, before starting a recovery that reached the resistance of the 55 and 100-hour simple moving averages near 1.4180. Note that during the prior decline, the rate pierced the support of the weekly S1 simple pivot point at 1.4119. Economic Calendar There is one major notable event to watch this week. The US
On Wednesday, the EUR/USD found support in the zone just above the 1.2160 mark and retraced back up to the resistance of the 55-hour simple moving average near 1.2220. Afterwards, the rate bounced off this level and began a decline. By the middle of Thursday's trading, the rate was heading back to the support of the 1.2160 level. Economic Calendar Analysis There
The DUK+/EUR currency exchange rate remains below the sell order wall, which is located at the 3.5100 mark. Namely, there were orders to sell 17,496.08 coins for the asking price of 3.5100. In general, the price remains flat at the 3.5000 level. However, from time to time the exchange rate dips. For example, on May 23, the rate shortly traded at
After reaching above the 1,915.00 level on Tuesday, the yellow metal's price began a decline. During the first part of Wednesday's trading, the price was fluctuating sideways below the resistance of the 100-hour simple moving average. In the meantime, the rate was being approached by the support of the 200-hour simple moving average. Economic Calendar Analysis There is one major notable event
The USD/JPY currency exchange rate eventually found enough support in the 109.33/109.36 zone to pass the resistance of the 55-hour simple moving average, which reversed an attempted recovery on Tuesday. By the middle of Wednesday's trading hours, the pair had reached above the 61.80% Fibonacci retracement level at 109.83. Economic Calendar There is one major notable event to watch this week.
During the first half of Wednesday's European trading hours, the GBP/USD reached the 1.4125 level. Meanwhile, the most close by technical support level was located at 1.4119. Economic Calendar There is one major notable event to watch this week. The US Employment data sets on Friday at 12:30 GMT are most likely going to impact the GBP/USD currency exchange rate. Namely,
On Wednesday, the EUR/USD passed the support of the 55, 100 and 200-hour simple moving averages. Moreover, the 1.2200 mark and the weekly simple pivot point at 1.2198 were passed. By the middle of the day's European trading hours, the rate had reached the 1.2170 level. Economic Calendar Analysis There is one major notable event to watch this week. The US Employment
On Tuesday, the price for gold booked a new high level, as the commodity shortly traded above the 1,915.00 level. The price managed to pass the previous May high of 1,913.12. Economic Calendar Analysis There is one major notable event to watch this week. The US Employment data sets on Friday at 12:30 GMT are most likely going to impact the US
The decline of the USD/JPY reached below the 109.40 level, where it found support in the 109.33/109.36 zone. During Tuesday's trading hours, the rate had recovered and reached the resistance of the 55-hour simple moving average near 106.70. Economic Calendar There is one major notable event to watch this week. The US Employment data sets on Friday at 12:30 GMT are
Despite passing the resistance of the zone above the 1.4220 level, the GBP/USD did not follow up with a large surge. The rate encountered resistance in the weekly R1 simple pivot point at 1.4246 and the 1.4250 level. By the middle of Tuesday's trading, the pair had retreated to the combined support of the 200-hour SMA and the weekly simple
On Monday, the EUR/USD managed to pass the resistance of the 100 and 200-hour simple moving averages near 1.2200. It was followed by a surge, which on Tuesday was testing the 1.2240 level. Note that the 1.2240 level reversed the rate's two surges. Namely, the EUR/USD bounced off the 1.2240 mark on May 19 and 21. Economic Calendar Analysis There is one
On Monday, the price for gold was testing the resistance of the 1,910.00 level. This level caused a decline during the middle of the last week. Economic Calendar Analysis There is one major notable event to watch this week. The US Employment data sets on Friday at 12:30 GMT are most likely going to impact the US Dollar and the price for
On Friday, the USD/JPY broke the resistance of the 110.00 mark and touched the 110.20 level. However, a surge did not follow, as the rate declined. On Monday, the rate was located near the 109.70 level. Economic Calendar There is one major notable event to watch this week. The US Employment data sets on Friday at 12:30 GMT are most likely
On Monday, the GBP/USD traded below the 1.4200 mark, which provided resistance. In the meantime, support was being provided by the 100 and 200-hour simple moving averages near 1.4160. Economic Calendar There is one major notable event to watch this week. The US Employment data sets on Friday at 12:30 GMT are most likely going to impact the GBP/USD currency exchange
The EUR/USD pierced the late May support zone above the 1.2160 level on Friday. However, almost immediately the rate returned to trading near the 1.2000 level. On Monday morning, the rate fluctuated in limbo around the round exchange rate level. Economic Calendar Analysis There is one major notable event to watch this week. The US Employment data sets on Friday at 12:30
The yellow metal declined by 133 pips or 0.70% against the US Dollar on Thursday. The commodity breached the 55– hour simple moving average during yesterday's trading session. Economic Calendar Analysis Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more about the
Upside risks pressured the US Dollar against the Japanese Yen on Thursday. The currency pair tested the 61.80% Fibonacci retracement level at 109.83 during yesterday's trading session. Economic Calendar Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more about the data
Upside risks controlled the British Pound against the US Dollar on Thursday. The GBP/USD currency pair climbed by 115 pips or 0.82% during yesterday's trading session. Economic Calendar Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more about the data releases
The EUR/USD currency pair remained below the 55-, 100– and 200– hour SMAs on Thursday. The exchange rate found support at the 1.2180 level during Thursday's trading session. Economic Calendar Analysis Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more about the
On Wednesday, the yellow metal slumped by 163 pips or 0.86% against the US Dollar. The decline was stopped by the 55– hour simple moving average during Wednesday's trading session. During the early trading hours, the precious metal was trading near the lower line of an ascending channel pattern and could have been set for a breakout. Economic Calendar Analysis Notable events for
The US Dollar surged by 46 pips or 0.42% against the Japanese Yen on Wednesday. A breakout occurred through the upper boundary of a descending channel pattern during Wednesday's trading session. Economic Calendar Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out
During Wednesday's trading session, the Pound Sterling plunged by 61 pips or 0.43% against the US Dollar. The currency pair breached the 55-, 100– and 200– hour SMAs on Wednesday. Economic Calendar Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more