The 200-hour simple moving average is stopping the Pound from surging higher against the US Dollar. The SMA is strengthening the 1.2750 level, which is most likely also providing its impact. In general, previous forecast scenarios remains relevant. Economic Calendar On Thursday, the US Gross Domestic Product release is highly likely going to impact the financial markets via an adjustment of the
The EUR/USD has continues its recovery. By mid-Tuesday, the rate had reached above the resistance levels near 1.0920. Economic Calendar Analysis On Thursday, the US Gross Domestic Product release is highly likely going to impact the financial markets via an adjustment of the USD value. On Friday, at 12:30 GMT, the US Core PCE Price Index is set to impact the US Dollar.
The price of gold has revealed support at the 1,910.25 level. The support caused a recovery of the metal up to the 1,930.00 levels. However, the week as started at 1,925.00, before the 50-hour simple moving average acted as support and caused a move back up above 1,930.00. Economic Calendar Analysis This week, the pair could react to the release of US
The USD/JPY reached a new high level on Friday. On Monday, the pair was observed as descending in a consolidation, before most likely restarting its surge. The rate was looking for support in the combination of the 50-hour simple moving average, the weekly simple pivot point at 142.91 and the 143.00 mark. Economic Calendar This week, the pair could react to the
The GBP/USD is finding support in the 1.2685/1.2700 range. Meanwhile, it was observed on Monday that resistance was encountered in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.2746. Economic Calendar This week, the pair could react to the release of US Durable Goods Orders on Tuesday at 12:30 GMT. On Thursday,
Worse than expected European country Purchasing Managers Indices caused a constant decline of the Euro from 07:00 GMT up to 08:00 GMT on Friday. The rate eventually started a recovery, which has reached back above 1.0900. However, it has been spotted that the EUR/USD is encountering resistance in the 200-hour simple moving average. Meanwhile, the 1.0900 was acting as support during
Gold has been declining and reaching below one support level after another. This week, it appeared that the commodity price could reach the 1,900.00 mark. Economic Calendar Analysis The commodity price might react to the release of the US Services and Manufacturing PMIs on Friday at 13:45 GMT. XAU/USD short-term forecast Note that the metal's price was finding support and resistance in the
For the last couple of days the USD/JPY currency pair has been finding support in the 100-hour simple moving average. Economic Calendar The rate could be impacted by the publication of the US Manufacturing and Services PMIs at 13:45 GMT. Hourly Chart A continuation of the ongoing surge of the US Dollar against the Japanese Yen might stop at the 142.50 mark, the
Despite the surprise Bank of England interest rate hike, the GBP/USD currency exchange rate remains near 1.2800. For most part of the week, the pair has traded between 1.2700 and 1.2850. Meanwhile, technical levels appear to have little impact on the pair. Economic Calendar On Friday, the rate could react to the Flash Manufacturing and Services PMI releases. UK data will be
The Euro has recovered against the US Dollar above the 1.1000 mark. At mid-day on Thursday, the pair pierced the round level indicating that the pair could continue to move higher. Economic Calendar Analysis The currency pair might react to the upcoming release of the European and US Flash Manufacturing and Services sector PMIs. The European releases will happen from 07:15 up
The price for gold has found support near 1,935.00 and enough strength to move back above the 1,952.00/1,955.00 range, which is once again acting as support. Economic Calendar Analysis On June 1, watch the US ISM Manufacturing Purchasing Managers Index release at 14:00 GMT. On June 2, the United States are scheduled to publish the monthly employment data sets. At 12:30 GMT,
The rate has made a second attempt to reach the 141.00 mark. However, the rate's efforts were stopped by a now marked resistance zone at 140.89/140.93. Meanwhile, it has been spotted that hourly simple moving averages manage to act as resistance and support. Economic Calendar On June 1, watch the US ISM Manufacturing Purchasing Managers Index release at 14:00 GMT. On June
Despite a recent short lived surge, the GBP/USD continues to trade below the 1.2400 mark. Meanwhile, it was spotted that the pair mostly ignores the hourly simple moving averages. Economic Calendar On June 1, watch the US ISM Manufacturing Purchasing Managers Index release at 14:00 GMT. On June 2, the United States are scheduled to publish the monthly employment data sets. At
The EUR/USD has passed below the 1.0700 mark, which previously acted as support. In general, the pair has reached levels not seen since March, as the US Dollar continues to gain value. Economic Calendar Analysis On June 1, watch the US ISM Manufacturing Purchasing Managers Index release at 14:00 GMT. On June 2, the United States are scheduled to publish the monthly
During the past trading sessions, gold has been finding support in the 1,940.00 mark. Meanwhile, resistance appears to be provided by the 50-hour simple moving average not the 1,952.00/1,955.00 range or the 1,950.00 mark. On Monday, the 50-hour SMA was located near 1,945.00. Economic Calendar Analysis Watch for the US ISM Manufacturing PMI on Thursday at 14:00 GMT and the Friday's release
The surge of the US Dollar against the Japanese Yen continues. On Monday morning, the rate attempted to reach the 141.00 mark, before retracing back down to the support of the 50-hour simple moving average near 140.15. Economic Calendar Watch for the US ISM Manufacturing PMI on Thursday at 14:00 GMT and the Friday's release of the US Unemployment data at 12:30
On Friday, the GBP/USD bounced off the resistance zone at 1.2390/1.2395 and the 100-hour simple moving average. However, the decline was actually caused by fundamental events. The US PCE Inflation data caused a surge of the value of the US Dollar. On Monday, the pair found resistance in the 100-hour simple moving average and support appeared to be provided by
The EUR/USD has recently encountered resistance near 1.0760 and found support at 1.0700 level. However, by mid-Monday, the rate was at the same levels as on Thursday and Friday. Economic Calendar Analysis Watch for the US ISM Manufacturing PMI on Thursday at 14:00 GMT and the Friday's release of the US Unemployment data at 12:30 GMT. EUR/USD hourly chart A decline of the pair
The price for gold has ended its broad sideways trading by declining below the 1,955.00 level. Moreover, the following decline reached as low as 1,940.00. However, by mid-Friday, the price had returned and was testing the 1,952.00/1,955.00 range's resistance. Economic Calendar Analysis On Friday, at 12:30 GMT, the Core PCE Price Index is bound to impact financial markets through the US Dollar. Next
As it was forecast, the USD/JPY has finally reached the 140.00 mark. Moreover, on Thursday, the round exchange rate level was passed and the rate traded above it, before retracing back downwards. On Friday, it appeared that the USD/JPY was looking for support in the 139.50 level and the 50-hour simple moving average. Economic Calendar On Friday, at 12:30 GMT, the Core
The GBP/USD declined below 1.2320, but did not reach the 1.2300 mark on Thursday. During the first part of Friday's European trading, the rate had recovered above 1.2360. Economic Calendar On Friday, at 12:30 GMT, the Core PCE Price Index is bound to impact financial markets through the US Dollar. Next week, watch for the US ISM Manufacturing PMI on Thursday at 14:00
The EUR/USD has recently moved upwards to the combined resistance of the 50-hour simple moving average and the weekly S1 simple pivot point at 1.0740. Economic Calendar Analysis On Friday, at 12:30 GMT, the Core PCE Price Index is bound to impact financial markets through the US Dollar. Next week, watch for the US ISM Manufacturing PMI on Thursday at 14:00 GMT and
In general, gold trades between two zones, as the traders expect an outcome to the possible US debt default. Support is provided by the 1,952.00/1,955.00 range. Resistance is encountered at 1,982.00/1,985.00. Meanwhile, short term resistance and support can be encountered n the combination of the 50 and 100-hour simple moving averages near 1,970.00. Economic Calendar Analysis On Thursday, the US Preliminary GDP
The USD/JPY has moved above the 139.00 mark and the weekly R1 simple pivot point at 139.18. The rate's recent surge was caused by the 100-hour simple moving average. Economic Calendar On Thursday, the US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely going to impact the USD. On Friday, at 12:30 GMT, the Core PCE Price Index is