The GBP/USD has been declining in a broad channel down pattern since January 13. Meanwhile, the rate has made sharper moves down in a junior pattern since January 20. Future forecasts were based upon whether the junior pattern holds. Economic Calendar Note that the market participants were expecting the US Federal Reserve announcements on Wednesday at 19:00 GMT. GBP/USD short-term review A
The EUR/USD passed the support of previous January low levels near 1.1275. However, the pair has close by the December 21 and 22 low level zone above the 1.1260 mark. Meanwhile, the US Dollar is expected to strengthen, as the markets expect Wednesday's hawkish Federal Reserve announcements at 19:00. Economic Calendar Analysis This week the top event will be the US Federal
Despite being pierced, the 1,815.00 mark provided enough support to the yellow metal's price on Thursday for a surge to begin. The surge eventually made an attempt to approach the 1,830.00 summer high level zone, but failed, as it bounced off the 1,829.30 level. By the middle of Friday's trading, the price had retreated below the 1,825.00 level. Meanwhile, it
The decline of the USD against the Japanese Yen has reached below the 114.00 mark and the support zone at 113.87/113.96. Moreover, during the middle of Friday's trading, the rate retraced back up and confirmed the zone as resistance. Economic Calendar The week will end with the US Retail Sales and Core Retail Sales on Friday at 13:30 GMT. Click on the link
The GBP/USD currency exchange rate has been trading between the 1.3700 and 1.3750 levels since the US CPI surge. Most recently, on Friday the rate was approached by the 50-hour simple moving average. Meanwhile, the pair almost in all cases ignored the support of the weekly R2 simple pivot point at 1.3709. Economic Calendar The week will end with the US
The EUR/USD has been trading between a support zone that surrounds the 1.1450 mark and a resistance zone at 1.1480, since the middle of Thursday's European trading. However, on Friday, the pair was approached by the additional support of the 50-hour simple moving average, which could push the rate up. Economic Calendar Analysis The week will end with the US Retail Sales
On Wednesday, the price for gold eventually passed the resistance of the 1,825.00 level. However, the price did not reach the 1,830.00 mark and the summer high level zone. The price bounced off the 1,828.45 mark and started a decline. By the start of Thursday's US trading, the decline had passed the support of the 50-hour simple moving average near 1,820.00. Economic
The decline of the USD/JPY that was caused by the US Consumer Price Index release has passed all expectations of the USD bears. At the start of Thursday's US trading hours, the USD/JPY rate was already passing support levels near 114.20. In the near term future, the pair was expected to eventually reach the 114.00 mark, which could stop a
The surge of the GBP/USD that was caused by the US Consumer Price Index release has reached the 1.3750 level's resistance. The round exchange rate level forced the pair into a retracement back down just before mid-day on Thursday. The consolidating decline appeared to be finding support in Wednesday's high level at 1.3715. Economic Calendar The week will end with the
As expected, the EUR/USD surge quickly reached the weekly R2 simple pivot point and the 1.1450 mark. By the middle of Thursday's trading, the rate had found resistance in the 1.1480 mark. Economic Calendar Analysis The week will end with the US Retail Sales and Core Retail Sales on Friday at 13:30 GMT. The pair has moved from 8.5 to 21.7 pips. Click
The price for gold surged faster than expected, as the bullion broke through the upper trend line of the channel up pattern and reached the 1,823.50 level on Tuesday. Afterwards, a consolidation down to the 1,815.00 level occurred. The 1,815.00 acted as support and started a surge. On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price
As the USD/JPY currency exchange rate was testing the resistance of the descending January high levels near 115.50, the US Consumer Price Index data was published. Namely, on Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. Economic Calendar The USD/JPY has moved from 19.1 to 31.3 pips on
On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. The GBP/USD currency exchange rate reacted by sharply moving to the 1.3680 mark, which at 14:00 GMT appeared to have stopped the jump. Economic Calendar On Thursday, at 13:30 GMT, the US Producers Price Index and Core Producers
On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. The data beat the forecasts, as the US CPI came in at 0.5% instead of the forecast 0.4%. Meanwhile, the US Core CPI was revealed to be 0.6%, compared to the expected 0.5%. The event pushed the EUR/USD
The price for gold eventually managed to pass the resistance of the 100-hour simple moving average and the 200-hour simple moving average near 1,800.00 and 1,805.00. In the meantime, a minor channel up pattern was spotted. The pattern had been guiding the price up since the start of January 7 trading. Economic Calendar Analysis The top data set of the week will
Despite piercing the lower trend line of the channel down pattern, the USD/JPY returned to trade in its borders. Namely, the support zone at 114.96/115.04 acted as support and caused a recovery. By the start of Tuesday's US trading hours, the rate had recovered to the combined resistance of the 100-hour simple moving average, weekly simple pivot point and the
On Tuesday, the GBP/USD currency exchange rate managed to pass the resistance of the 1.3600 mark. However, almost immediately resistance was provided by the 1.3620 level. The resistance held and a minor decline occurred. By the start of Tuesday's US trading hours the pair had retraced to the 100-hour simple moving average near 1.3560. Economic Calendar The top data set of
On Monday, the EUR/USD found support in the 1.1285/1.1287 zone. The zone has been acting as support since early January 6 trading hours. By the middle of Tuesday's trading hours, the rate had recovered and encountered resistance at the 1.1350 level. At the start of US trading hours at 14:30 GMT, the pair had retreated to the 1.1320 level. The 1.1320
At mid-day on Monday, the price for gold broke the resistance of the 1,800.00 mark and shortly traded above this level. However, the surge was stopped and reversed by the 100-hour simple moving average at 1,802.65. Economic Calendar Analysis The top data set of the week will be released on Wednesday at 13:30 GMT. At that time, the US Consumer Price Index
A recovery of the USD/JPY pair from the 115.20 level on Monday revealed the lower border of a channel down pattern. The pattern has been guiding the rate since January 4. During the second half of Monday's trading, the rate was located between the 115.20 mark and the zone that surrounds the 115.50 level. Economic Calendar The top data set of the
On Monday morning, the GBP/USD currency pair tested the resistance of the 1.3600 mark. By the middle of the day's European trading hours, the pair had bounced off the resistance and returned to levels near 1.3550. Near the 1.3550 mark, the rate might find support in the 100-hour simple moving average and the weekly simple pivot point at 1.3542. Economic Calendar The
The EUR/USD broke the triangle pattern in a sharp move upwards, as it should have happened in theory of the triangle. The surge ended at the 1.1365 level. From that level the currency exchange rate started a decline. By the middle of Monday's European trading hours, the rate had returned to the 1.1300 mark. Economic Calendar Analysis The top data set of the
On Friday, at 13:30 GMT, the price for Gold increased volatility due to the US monthly employment data showing contradicting information, as less jobs were found, salaries rose and unemployment rate decreased. The price for gold fluctuated between the 1,785.00 and 1,795.00 levels. However, both resistance and support were shortly pierced, indicating at their weakness. After the release, the price for
The USD/JPY currency exchange rate's attempt at recovery failed, as it was piercing the 116.00 mark. On Friday, the rate was fluctuating below the 116.00 mark, as the pair was slowly declining. Economic Calendar No more notable events this week. USD/JPY short-term review In the case that the pair extends its decline, support would be most likely provided by the support zone at