On Tuesday morning, the EUR/USD currency pair declined to the lower boundary of the short-term descending channel. If the given trend holds, it is likely that a reversal north could occur. Economic Calendar Analysis Today, the US Retail Sales could cause a small move in the markets at 14:30 GMT. On Wednesday, the event of the week is set to occur, as
Despite the ongoing market turmoil, Dukascoin has continued to trade sideways. By large, the support and resistance clusters have not changed. However, the pair is being approached by the 100-day simple moving average. Daily Candle Chart On the daily candle chart, it can be observed that the rate is set to encounter the resistance of the 55-day SMA near 1.8800 and
The yellow metal's price continued to plummet on Monday, as by the middle of the day's GMT trading hours the price was close to 1,450.00. Moreover, if this level would fail to hold, the price would reach for the 1,400 level. Economic Calendar Analysis On Tuesday, the US Retail Sales could cause a small move in the markets at 14:30 GMT. On Wednesday,
Last week, the USD/JPY managed to surge up to the 108.50 level, where it ended the week's trading. On Monday, the rate dropped, as on Sunday the US Federal Reserve had cut interest rates to zero. By the middle of Monday's trading hours, the pair had reached three support levels near 105.30. Economic Calendar On Tuesday, the US Retail Sales could cause a
The GBP/USD has continued to drop, as the currency exchange rate reached the 1.2300 level. However, on Monday the pair began to trade sideways, as it had become oversold and needed a period of consolidation. Economic Calendar On Tuesday, the US Retail Sales could cause a small move in the markets at 14:30 GMT. On Wednesday, the event of the week
On Monday, the EUR/USD currency exchange rate recovered, as it had previously found support in the 1.1050 level. By the middle of Monday's GMT trading hours, the pair had bounced off the resistance of two hourly simple moving averages and was heading lower. Economic Calendar Analysis On Tuesday, the US Retail Sales could cause a small move in the markets at 14:30
The decline of the yellow metal passed the support of the 1,600.00 level and reached the 1,560.00 mark. In general, the forecast of a decline had become reality. Economic Calendar Analysis Next week, on Tuesday, the US Retail Sales could cause a small move in the markets at 14:30 GMT. On Wednesday, the event of the week is set to occur, as
By the middle of Friday's GMT trading hours, the USD/JPY had pierced all of the resistance levels, which faced it from 104.00 to 106.30. If the surge would continue, the rate could reach the 107.65 mark. Economic Calendar Next week, on Tuesday, the US Retail Sales could cause a small move in the markets at 14:30 GMT. On Wednesday, the event of the week
On Friday, the GBP/USD traded near the 1.2600 level, as it was trading between the support levels near 1.2500 and the resistances near 1.2635. Previously, our analysts expected that the rate would decline to the 1.2600 level. In regards to the near term future, read below. Economic Calendar Next week, on Tuesday, the US Retail Sales could cause a small move
Since the second part of Thursday's GMT trading hours, the EUR/USD has traded sideways between the 1.1150 and 1.1200 levels. Previously, the rate almost reached the 1.1050 level, which was a new recent low level. Economic Calendar Analysis Next week, on Tuesday, the US Retail Sales could cause a small move in the markets at 14:30 GMT. On Wednesday, the event of the
On Thursday, the yellow metal's price plummeted down to the monthly pivot point at 1,607.95. Future forecasts were based upon what would happen at this level. Economic Calendar Analysis The week's historical data is available. Click on the link below to see the historical data tables with the reactions to various events. Read More: 09.03-13.03 Event Historical Reactions XAU/USD short-term forecast In the
On Wednesday, the USD/JPY currency exchange rate traded above the 103.50 level. In the meantime, the pair was testing the resistance of the 104.00 level. The rate was expected to eventually decline, as it faced a cluster of resistance formed by various technical levels. Economic Calendar The week's data is available. Click on the link below to see the historical data tables with
The decline of the GBP/USD has continued, as the currency exchange rate has reached below the 1.2700 level. In the near term future, the pair was expected to reach for the support of a pivot point near 1.2635. Bank of England Rate Cut The British Pound depreciated against the US Dollar, following the UK Monetary Policy Summary release
The resistance of the 55-hour simple moving average managed to cause a decline of the EUR/USD currency exchange rate. By the middle of Thursday's GMT trading hours, the pair had passed various support levels. In the near term future, the rate was about to reach the 1.1200 level. Economic Calendar Analysis On Thursday, March 12, the European Central Bank will make its
By the middle of Wednesday's GMT trading hours, the yellow metal's price pierced the 1,670.00 level. During the surge up to this level, the rate broke the resistance of three technical levels and no longer had any resistance as high as the 1,700.00 level. Economic Calendar Analysis There will be only one event that could impact the XAU/USD rate. On Wednesday, March
As expected, the USD/JPY currency exchange rate approached the 106.00 level. However, the rate touched the 105.94 level and reversed. On Wednesday, the rate was trading above the technical support levels that were located from 104.57 to 103.78. Economic Calendar On Wednesday, March 11, the US CPI and Core CPI will be published at 12:30 GMT. The USD/JPY had moved at the
The GBP/USD dropped on Tuesday, as the Bank of England unexpectedly cut interest rates. By the middle of Wednesday's London trading hours, the currency exchange rate had shortly touched the 1.2850 mark. Bank of England Rate Cut The British Pound depreciated against the US Dollar, following the UK Monetary Policy Summary release on Wednesday at 07:00 GMT. The
The decline of the EUR/USD reached the 1.1300 level, as expected. Moreover, the rate reached the monthly R2 simple pivot point at 1.1285. In regards to the near term future, the rate was expected to face the resistance of the 55-hour simple moving average. Economic Calendar Analysis During the week there will be couple events that could impact the EUR/USD pair. On Wednesday,
Since reaching the 1.7500 level, the DUK+/EUR currency exchange rate has traded flat just above that exchange rate level. In the meantime, it appeared that the sideways trading could end with a sharp move. The rate had no resistance as high as 1.8600, and the closest by support was located at 1.7000. Daily Candle Chart On the daily candle chart, it
Various technical support levels could not cause a surge of the metal on Monday. Instead the metal decline to test the 1,650.00 level. Meanwhile, note that at the 1,650.00 level the commodity price met with the support of an ascending wedge pattern. Economic Calendar Analysis There will be only one event that could impact the XAU/USD rate. On Wednesday, March 11, the
The 102.00 level managed to provide enough support for the USD/JPY to recover. By the middle of Tuesday's GMT trading hours, the rate had reached the resistance of the 100-hour simple moving average at 105.18. If this level would get passed, the 106.00 mark could be reached. Economic Calendar On Wednesday, March 11, the US CPI and Core CPI will be published
On Tuesday, the GBP/USD currency exchange rate passed the support of the 55-hour simple moving average. By the middle of the days GMT trading hours, the pair had no support as low as the 1.3000 mark. Economic Calendar During the week, there will be couple events that could affect the GBP/USD rate. On Wednesday, March 11, the British GDP and Manufacturing
On Tuesday, the 55-hour simple moving average caught up with the EUR/USD currency exchange rate. The support of the SMA failed to push the rate up. Due to that reason, by the middle of Tuesday's GMT trading hours, the rate was most likely set to decline to the support levels near 1.1300. Economic Calendar Analysis During the week there will be
After touching a new high level on Monday morning, the yellow metal's price began a decline. The decline found support in the 1,660.00 level. In regards to the near term future, the metal was expected to once again test the 1,700.00 level. Economic Calendar Analysis There will be only one event that could impact the XAU/USD rate. On Wednesday, March 11, the