In the aftermath of the Bank of England rate hike, the GBP/USD currency exchange rate eventually recovered. However, it was spotted on Friday that the recent high levels of the pair form a resistance line. Economic Calendar On Wednesday, the week's notable events will start at 07:00 GMT, as the UK Consumer Price Index is set to be published. On Thursday, at 12:30
The EUR/USD managed to pass the resistance of the March high levels at 1.1100/1.1120 during late Thursday's trading hours. However, the passing of the high levels was immediately followed by a steep decline. By the middle of Friday's trading, the pair had already reached the 1.1020 level. Economic Calendar Analysis On Thursday morning, at 08:30 GMT the German Markit Purchasing Managers Index
The support of the 1,900.00 was pierced by gold during the initial US Federal Reserve rate hike. However, afterwards, the head of the central bank Jerome Powell started to comments on the economy and monetary policy, which caused a drop of the US Dollar. On the gold price charts it appeared as a jump to the 1,930.00 level and the breaking
The USD/JPY currency exchange rate was reaching above the 119.00 mark, as the US Federal Reserve Chairman Jerome Powell talked at a press conference and caused a drop of the USD. On the charts it resulted in a decline back to the 118.60 level. However, the pair made another attempt at passing the 119.00 mark, which failed. On Thursday, the pair
At 12:00 GMT on Thursday, March 17, the Bank of England hiked its Official Bank Rate by 0.25%, increasing rates to 0.75%. The bank also published its Monetary Policy Summary. The GBP/USD currency exchange rate reacted by plummeting in ten minutes by more than 100 base points or 0.80%. The drop eventually paused at the 1.3100 mark, which is surrounded by
In the aftermath of the speech made by Jerome Powell about the US monetary policy on Wednesday, the value of the US Dollar declined. On the EUR/USD charts, the event resulted in a surge. By the middle of Thursday's trading hours, the pair had reached and shortly traded above the 1.1050 mark. Click on the title below to read more on
During the first half of March, the asking price of the DUK+/EUR spiked up to the 1.9500 level during a period of two trading sessions on March 5 and 6. Afterwards, a decline started, which by the middle of the month had shortly reached below the 1.6000 mark. Meanwhile, the bid price for the cryptocurrency was highly volatile in the 1.2520/1.5900
At GMT timezone midnight to Tuesday, the price for gold declined below the support zone near 1,950.00. By the middle of the day's trading, the commodity had reached below 1,920.00. Take into account that this week, the moves in the financial markets are fundamental, as everyone is waiting for the Wednesday's US Federal Reserve rate hike. Economic Calendar Analysis On Wednesday, at
The surge of the US Dollar against the Japanese Yen has encountered resistance near the 118.50 mark. Namely, a narrow zone below the round exchange rate level appears to have had enough profit taking and going short that the pair reversed its direction. On Tuesday, the currency pair's decline found support in the 50-hour simple moving average near 117.80. Economic Calendar On Wednesday,
During the night to Tuesday, the GBP/USD currency rate reached the support of the 1.3000 mark and a recovery followed. By the middle of Tuesday's European trading hours, the pair had recovered and almost reached the resistance zone at 1.3082/1.3102. Take into account that the zone was strengthened by the 100-hour simple moving average near 1.3085 and the weekly simple
The recovery of the Euro against the USD from the 1.0900 mark has reached a new high, as on Tuesday the pair reached above the 1.1000 mark. During the recovery, the pair passed the resistance of the weekly simple pivot point at 1.0947 and the 50, 100 and 200-hour simple moving averages in the 1.0950/1.0990 zone. Economic Calendar Analysis On Wednesday, at
At mid-day on Monday, the price for Gold declined to the support of the zone near 1,950.00. In the meantime, it was spotted that the commodity price was declining in a channel down pattern. However, take into account that this week, the moves in the financial markets are fundamental, as everyone is waiting for the Wednesday's US Federal Reserve rate hike. Economic
On the third attempt the USD/JPY broke the resistance of the 2022 high level zone at 116.20/116.35. The event was followed by a sharp move upwards. Up to the middle of Monday's trading, USD/JPY bulls were looking at profits, as the pair had reached the 118.00 mark. During the last couple of trading sessions, the pair only shortly paused at
On Monday, the GBP/USD currency pair reached a new low level during the early trading hours of the week by touching the 1.3010 level. However, the pair started a recovery, before reaching the 1.3000 mark. By the middle of the day's trading, the pair appeared to have recovered to the combined resistance of the 50-hour simple moving average at 1.3070
In the aftermath of the failed attempt to surge above the 1.1100 mark on Thursday, the EUR/USD began a decline. By the middle of Monday's trading, the rate had declined, found support in the 1.0900 level and recovered to the resistance of the 50, 100 and 200-hour simple moving averages near 1.0965/1.0975. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US
The price for gold has retraced downwards to the support zone at 1,975.00. On Thursday, the zone provided enough support for a recovery of the price to start, as the metal shortly reached above the 2,000.00 level. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Producer Price Index data will be out. Expect minor moves on USD charts. On Wednesday, at
Despite shortly returning to trade below the 115.70/115.80 zone, the USD/JPY has surged and reached a new high level. The pair has been pushed up by the support of the 50-hour simple moving average. Meanwhile, the resistance zone that surrounds the 116.30 mark has been adjusted, as it has been observed that the 116.20 level is acting as resistance. Economic Calendar On
During the late hours of Wednesday's trading, the GBP/USD currency exchange rate encountered resistance below the 1.3200 mark. The resistance was enough to cause a decline, which by 15:00 GMT had caused a decline below 1.3150. Economic Calendar The top events of the next week will be the US Federal Reserve Statement and the Bank of England's release of Monetary Policy Statement.
On Thursday, the EUR/USD currency exchange rate reacted to the ECB announcement of reducing stimulus with a surge. The rate shortly reached above the 1.1100 mark, before declining. By the start of the days US trading at 14:30 GMT, the rate had reached the support of the 1.1000 mark. In addition, support was being provided by the weekly simple pivot
The price for gold has reached the 2020 high level zone at 2,050.00/2,075.00. The zone acted as resistance and caused a decline on Wednesday. Namely, the bullion's price retraced and almost reached the 2,000.00 level. Meanwhile, the support of the 50-hour simple moving average managed to hold for only one hour. Economic Calendar Analysis On Thursday, at 13:30 GMT, the US Consumer Price
At midnight to Wednesday, the US Dollar passed the resistance zone of the late February and early March high level at 115.70/115.80 against the Japanese Yen. Afterwards, the pair confirmed the zone as support and resumed its surge. A potential target for the rate could be the 116.00 level. Meanwhile, it was spotted that the currency pair has been surging
On Wednesday, the GBP/USD ended trading above the support zone at 1.3084/1.3100 and surged. By the middle of the day's European trading hours, the currency exchange rate was heading to the 1.3200 mark. Note that the 1.3200 level was being strengthened by the 100-hour simple moving average. Economic Calendar On Thursday, at 13:30 GMT, the US Consumer Price Index and Core Consumer
On Wednesday morning, the EUR/USD currency exchange rate clearly passed the resistance of the 1.0950 level and the 100-hour simple moving average. However, resistance was almost immediately encountered in the form of the weekly simple pivot point at 1.0995 and the 1.1000 mark. Economic Calendar Analysis On Thursday, at 12:45 GMT the European Central Bank will release its Main Refinancing Rate. However,
Despite shortly reaching below the support of the 1,975.00 mark on Monday, the metal surged on Tuesday and reached the 2,020.00 level. From a technical analysis perspective, the yellow metal's surge was attributed to the approaching support of the 50-hour simple moving average. During the mid-hours of Tuesday's trading, the price bounced off the 2,020.00 mark and confirmed the 2,000.00 level