The EUR/USD pierced the late May support zone above the 1.2160 level on Friday. However, almost immediately the rate returned to trading near the 1.2000 level. On Monday morning, the rate fluctuated in limbo around the round exchange rate level. Economic Calendar Analysis There is one major notable event to watch this week. The US Employment data sets on Friday at 12:30
The yellow metal declined by 133 pips or 0.70% against the US Dollar on Thursday. The commodity breached the 55– hour simple moving average during yesterday's trading session. Economic Calendar Analysis Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more about the
Upside risks pressured the US Dollar against the Japanese Yen on Thursday. The currency pair tested the 61.80% Fibonacci retracement level at 109.83 during yesterday's trading session. Economic Calendar Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more about the data
Upside risks controlled the British Pound against the US Dollar on Thursday. The GBP/USD currency pair climbed by 115 pips or 0.82% during yesterday's trading session. Economic Calendar Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more about the data releases
The EUR/USD currency pair remained below the 55-, 100– and 200– hour SMAs on Thursday. The exchange rate found support at the 1.2180 level during Thursday's trading session. Economic Calendar Analysis Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more about the
On Wednesday, the yellow metal slumped by 163 pips or 0.86% against the US Dollar. The decline was stopped by the 55– hour simple moving average during Wednesday's trading session. During the early trading hours, the precious metal was trading near the lower line of an ascending channel pattern and could have been set for a breakout. Economic Calendar Analysis Notable events for
The US Dollar surged by 46 pips or 0.42% against the Japanese Yen on Wednesday. A breakout occurred through the upper boundary of a descending channel pattern during Wednesday's trading session. Economic Calendar Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out
During Wednesday's trading session, the Pound Sterling plunged by 61 pips or 0.43% against the US Dollar. The currency pair breached the 55-, 100– and 200– hour SMAs on Wednesday. Economic Calendar Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more
On Wednesday, Euro edged lower by 79 pips or 0.65% against the US Dollar. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session. Economic Calendar Analysis At 12:30 GMT on Thursday, the US Preliminary GDP has been published. This event has caused EUR/USD moves from 6.3 to 15.1 pips. Note that in most cases the
During yesterday's trading session, the precious metal soared by 272 pips or 1.46% against the US Dollar. The exchange rate breached the resistance level at 1890.00 on Tuesday. Economic Calendar Analysis At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. Also on Thursday, the weekly US Unemployment Claims are set to be published at 12:30 GMT. Our
The US Dollar declined by 30 pips or 0.27% against the Japanese Yen on Tuesday. The currency pair breached the 55– and 100– hour SMAs during Tuesday's trading session. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused USD/JPY moves from 6.3 to 10.4 pips. Also on Thursday, the weekly
On Tuesday, the British Pound declined by 78 pips or 0.55% against the US Dollar. The GBP/USD currency pair breached the 1.4120 level during Tuesday's trading session. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused GBP/USD moves from 11.5 to 116.8 pips. Also on Thursday, the weekly US Unemployment
On Tuesday, the Eurozone single currency surged by 36 pips or 0.29% against the US Dollar. The currency pair tested the 1.2260 level during yesterday's trading session. Economic Calendar Analysis At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused EUR/USD moves from 6.3 to 15.1 pips. Note that in most cases the rate
On Monday, Gold edged lower by 133 pips or 0.72% against the US Dollar. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session. Economic Calendar Analysis At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. Also on Thursday, the weekly US Unemployment Claims are set to be published at 12:30
On Monday, the US Dollar declined by 27 pips or 0.25% against the Japanese Yen during the early trading session. The currency pair was pressured lower by the 55– and 100– hour SMAs during yesterday's trading session. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused USD/JPY moves from 6.3
The GBP/USD currency pair bounced off a support level formed by the 200– hour simple moving average at 1.4130 on Monday. As a result, the Pound Sterling surged by 46 pips or 0.32% against the US Dollar during yesterday's trading session. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused GBP/USD
During Monday's trading session, the EUR/USD currency pair surged by 47 pips or 0.39%. The exchange rate breached the 55– and 100– hour simple moving averages on Monday. Economic Calendar Analysis At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused EUR/USD moves from 6.3 to 15.1 pips. Note that in most cases the
The XAU/USD exchange rate fell by 124 pips or 0.66% during Friday's trading session. The decline was stopped by the 100– hour simple moving average on Friday. The previous metal bounced off the lower boundary of an ascending channel pattern during the Asian session on Monday. Economic Calendar Analysis At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published.
The US Dollar rose by 37 pips or 0.34% against the Japanese Yen on Friday. The surge was stopped by the 55– and 100– hour SMAs during Friday's trading session. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused USD/JPY moves from 6.3 to 10.4 pips. Also on Thursday, the
During Friday's trading session, the British Pound declined by 83 pips or 0.58% against the US Dollar. The currency pair breached the 50– and 100– hour SMAs on Friday. The exchange rate was trading near the bottom border of an ascending channel pattern at 1.4154 during the early trading hours on Monday. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary
The Eurozone single currency declined by 77 pips or 0.63% against the US Dollar on Friday. The decline was stopped by the 200– hour simple moving average during Friday's trading session. Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern and could be set for a breakout. Economic Calendar Analysis At 12:30 GMT on Thursday, the
First of all, note that after breaking the resistance of the 1,875.00 level, the yellow metal's price has been ignoring this level. It does not provide support or resistance. In the meantime, since Wednesday, the price has been fluctuating in a symmetrical triangle pattern. In theory, the metal's price should reduce volatility in the borders of the pattern until a break
The 108.80 level did not manage to provide support to the USD/JPY currency exchange rate during Thursday's and Friday's trading hours. On Friday morning, the rate clearly passed below the 108.80 level, as the 108.70 mark was touched. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused USD/JPY moves from
On Friday morning, the GBP/USD currency exchange rate reached the resistance of the 1.4200 level. The 1.4200 mark caused a decline on Wednesday, which reached the 1.4100 level. The near term future forecasts were based upon whether or not the 1.4200 level provides resistance. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event