The prior expectations of the EUR/USD reaching the 1.1200 level were not fulfilled. The rate has continued to trade near previous levels. On Friday, the pair tested support levels near 1.1150. EUR/USD: FOMC Statement and Federal Funds Rate The European Common Currency depreciated against the US Dollar, following the FOMC Statement release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate lost
Gold has surged back above the 1,500.00 level. The surge was caused by the US Federal Reserve rate cut. On Thursday, the yellow metal's price was expected to test previous high levels. Namely, the 1,515.00 level should be tested. Economic Calendar Analysis On Friday, November 1, the US Employment data set will be on focus - the Average Hourly Earnings, the Non-Farm
The US Federal Reserve Rate cut has caused a decline of the USD/JPY, which by the middle of Thursday's trading session had reached the 108.20 level. Moreover, the decline was expected to continue and reach the 108.00 level. Economic Calendar On Friday, November 1, the US Employment data set will be on focus - the Average Hourly Earnings, the Non-Farm Employment Change and
The momentum created by the Federal Reserve rate cut was enough to push the rate through the resistance of a 38.20% Fibonacci retracement level at 1.2918. By the middle of Thursday's London trading session, the pair had tested the resistance of the 1.2950 level. In the near term future, the rate was expected to reach the resistance of the weekly R1
Traders, who were short prior to the US Federal Reserve rate announcement, most likely profited, as yesterday's 18:00 GMT candle has a big tail down to the 1.1080 level. Afterwards the rate surged, as the US Dollar began to lose value due to the rate cut and speculators all around the world taking profit from their short positions. On Thursday morning, it
The 1,485.00 level provided the yellow metal's price with support. By the middle of Wednesday's trading the metal's price had reached the 1,495.00 level. In regards to the near term future, the metal was expected to trade sideways until the US Federal Reserve makes a rate statement at 18:00 GMT. Economic Calendar Analysis This week gold is bound to be affected
The USD/JPY rate traded sideways on Wednesday. The reason for the fluctuations in the range between 108.80 and 108.90 was the expectations of the US Federal Reserve Rate announcement scheduled for 18:00 GMT. Economic Calendar This week the rate is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US ADP Non-Farm Employment Change data
The GBP/USD has reached the 1.2900 level, where it was pushed by hourly simple moving averages. The rate was expected to trade sideways below this level until the US GDP release and the Federal Reserve Rate announcement. Economic Calendar This week the GBP/USD is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US ADP Non-Farm
The support of the 1.1074 mark managed to hold on Tuesday, and the EUR/USD rate surged above the 1.1100 level. Since the surge on Tuesday afternoon, the rate traded almost flat in the range between 1.1110 and 1.1130. It was expected to continue to trade sideways until the US Advance GDP release and the US Federal Reserve Rate statement. Economic Calendar
Early on Tuesday, the yellow metal's price reached the 1,485.00 level, as SWFX traders closed short positions. In regards to the near term future, the metal should consolidate above the 1,485.00 level until the oversold pressure is removed or new fundamental news are revealed. Economic Calendar Analysis This week gold is bound to be affected by US data and an expected rate
On Tuesday, the USD/JPY was finding support in the 108.85 level. Meanwhile, hourly simple moving averages were approaching from below, which indicated that a surge could be possible during the near future. Economic Calendar This week the rate is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US ADP Non-Farm Employment Change data will
Despite increasing trading volatility on Tuesday, the GBP/USD remained in the previous trading range. The future forecasts for the rate were rather complicated, as Brexit, trade politics and US monetary policy were all impacting the evaluation of both currencies. Economic Calendar This week the GBP/USD is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US
The EUR/USD bounced off the resistance of the 1.1100 level late on Monday. This resulted in a decline, which by the middle of Tuesday's London trading session had reached below the 1.1080 mark. In general, it was expected that the decline would continue, as the rate had removed its oversold pressure and had no technical support as low as 1.1045. Economic
Dukascoin is surging and breaking one resistance after another. Last week, the DUK+/EUR rate reached the target of 0.8000 and broke it in a sharp move. Namely, on October 25 the rate jumped to the next resistance at 0.8700. Moreover, the 0.8700 was also broken. These levels can be best observed on the chart of the previous publication of October 14. In regards
The yellow metal started the week by trading near the 1,500.00 level. In general, the metal was set to be supported by hourly simple moving averages, which could cause another surge to new high levels. Economic Calendar Analysis This week gold is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US ADP Non-Farm
On Monday, the USD/JPY traded in the range that it reached on Friday. Namely, the pair fluctuated between the 108.65 and 108.80 levels. Meanwhile, take into account that the 55-hour simple moving average had approached and the pair and started to provide support. Economic Calendar This week the rate is bound to be affected by US data and an expected rate cut. On Wednesday,
At the middle of Monday's trading, the GBP/USD was being pushed down by the 55-hour simple moving average near the 1.2850 mark. In general, the currency exchange rate was expected to trade sideways until the Federal Reserve Rate announcement, as Brexit deadline has been extended and with it attention was removed from it. Economic Calendar This week the GBP/USD is bound to be
The EUR/USD started the week by trading below a strong resistance cluster. The rate was facing hourly simple moving averages and a weekly pivot point near the 1.1110 level. The future scenarios were based on what would happen at this level. Economic Calendar Analysis This week the EUR/USD is bound to be affected by US data and an expected rate cut. On Wednesday,
On Friday morning, the XAU/USD exchange rate reached the psychological level at 1,510.00. Given that the rate is supported by the 55-, 100- and 200-hour SMAs, it is likely that some upside potential could prevail. Economic Calendar Analysis This week, there are no events left that could affect the XAU/USD rate. Next week, data releases from the US will be on focus. On Tuesday, October
On Thursday morning, the USD/JPY tested the upper boundary of the falling wedge pattern. From a theoretical point of view, it is likely that a reversal south could occur in the nearest future. Economic Calendar This week there are no events left that could affect the USD/JPY pair. Next week, data releases from the US will be on focus. On Tuesday, October 29, the US
During today's morning, the GBP/USD exchange rate was testing the support level formed by the weekly PP at 1.2832. Given that the rate is pressured by the 55-, 100- and 200-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar This week, there are no events left that could affect the GBP/USD pair. Next week, data releases from the US will
During Friday morning, the EUR/USD currency pair was testing the support formed by the 200-hour moving average. If the given support holds, it is likely that a reversal north could occur. French Flash Services PMI and German Flash Manufacturing PMI The European Common Currency appreciated against the US Dollar, following the French Flash Services PMI survey results release on Thursday at
On Thursday morning, the XAU/USD exchange rate was testing the support formed by the 55-, 100- nad 200-hour SMAs. If the given support holds, it is likely that yellow gold could extend gains against the US Dollar in the nearest future. Economic Calendar Analysis This week there will be one data release, which might impact the price of gold through a value adjustment
On Thursday morning, the USD/JPY tried to surpass the psychological level at 108.70 . Given that the pair is supported by the 55-, 100- and 200-hour SMAs, some upside potential could prevail in the market. Economic Calendar This week there is only one event that could affect the USD/JPY pair. Today, the US Durable Goods Orders data will be published at 12:30 GMT. Read