The EUR/USD has retreated below the 1.0935/1.0950 range and shortly traded below 1.0900. On Tuesday, the 1.0950 level was acting as resistance and support was found in 1.0900. A move above 1.0950 is expected to face resistance in the combination of the 100 and 200-hour simple moving averages near 1.0960, before the rate reaches the weekly simple pivot point at
Initially, the US CPI was at the forecasts or slightly lower, which caused a drop of the US Dollar on Thursday at 12:30 GMT. However, then the markets realized that the data has showed first growth in 13-months. Gold reacted to the news with a breaking of the resistance of the 1,920.30/1,922.60 range and the 50-hour simple moving average
Initially, the US CPI was at the forecasts or slightly lower, which caused a drop of the US Dollar on Thursday at 12:30 GMT. However, then the markets realized that the data has showed first growth in 13-months. On the USD/JPY charts there was an initial fake breaking of the channel up pattern, as the pair shortly traded below
Initially, the US CPI was at the forecasts or slightly lower, which caused a drop of the US Dollar on Thursday at 12:30 GMT. However, then the markets realized that the data has showed first growth in 13-months. This caused a piercing of the resistance range and 1.2800 mark, before the pair started a decline. The decline passed below
Initially, the US CPI was at the forecasts or slightly lower, which caused a drop of the US Dollar on Thursday at 12:30 GMT. However, then the markets realized that the data has showed first growth in 13-months. On the EUR/USD charts it resulted in an initial piercing of the resistance levels as high as 1.1060, before the pair
The price for gold has passed below the 1,930.00/1,932.25 range. Moreover, the previous support has turned into resistance. On Wednesday, the price was facing the 1,930.00/1,932.25 zone's and the 50-hour simple moving average's resistance. Meanwhile, support was found in the 1,925.00 level and the 1,920.30/1,922.60 range. In the case of a decline below 1,920.30 the commodity price could look for
On Tuesday, the USD/JPY managed to reach above the 142.70/143.10 range and the 100-hour simple moving average. The event was followed by the pair encountering resistance in the combination of the 143.50 level and the weekly R1 simple pivot point. By mid-Wednesday, the rate had continued to test the resistance and the 142.70/143.10 range had turned into support. A move
The GBP/USD found support in the 1.2685/1.2695 range and the 1.2700 mark. Meanwhile, a resistance range has been spotted and marked at 1.2783/1.2793. Despite the updates, the rate remained near previous levels. A move below 1.2700 and 1.2685/1.2695 might result in the rate looking for support in the 1.2650 level. This level acted as support on Thursday. Further below, note
The EUR/USD continues to wait for the US CPI in the same range, as it has bounced off the support zone at 1.0935/1.0950 and recovered back to levels near 1.1000. Forecasts remain unchanged. A decline might look for support in the 1.0935/1.0950 range, before reaching the weekly S1 simple pivot point at 1.0928. Further below, note the 1.0900 mark, the
By mid-Tuesday, the situation on gold charts remained unchanged, as the commodity price continued to trade above the 1,930.00/1,932.25 range. A move below 1,930.00 is set to find support at 1,925.00, prior to the commodity price reaching the support range above 1,920.00. On the other hand, a surge of gold's price is expected to face resistance in the combination of the
On Tuesday, the USD/JPY managed to reach above the 142.70/143.10 range and the 100-hour simple moving average. The event was followed by the pair encountering resistance in the combination of the 143.50 level and the weekly R1 simple pivot point. A move above 143.50 and the weekly R1 simple pivot point at 143.49 could be slowed down by the 144.00
The GBP/USD currency pair has encountered resistance in the descending 200-hour simple moving average near 1.2790. The event has resulted in a decline. On Tuesday morning, the pair was heading to the support of the 1.2700 mark. A move below 1.2700 might result in the rate looking for support in the 1.2650 level. This level acted as support on
The EUR/USD appears to be waiting for this week's US Consumer Price Index release by fluctuating near the 1.1000 mark. Note that the rate has been ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point. A decline might look for support in the 1.0935/1.0950 range, before reaching the weekly S1 simple pivot point at
The price for gold pierced the support range at 1,930.00/1,932.25 and touched the 1,925.00 level during the US release of monthly employment data. However, after the markets took in the news, it surged to the combined resistance of the 1,945.00 mark and the 100-hour simple moving average. By mid-Monday, the rate had declined back to the mentioned support range. A
The USD/JPY found support in the 141.50 level at midnight to Monday, despite passing below the 200-hour simple moving average. During the first half of Monday's trading, the Dollar was recovering against the Yen. The surge of the currency pair faces the resistance of the 50 and 100-hour simple moving averages and the 142.70/143.10 range. Higher above, the 143.50 level
In the aftermath of the GBP/USD surge, which was caused by the US employment data weakening the USD, the currency rate has been respecting round exchange rate levels. Namely, the pair has encountered resistance as it approached 1.2800 and support is found near 1.2700. A move below 1.2700 might result in the rate looking for support in the 1.2650 level.
The EUR/USD broke the channel down pattern due to the release of US monthly employment data causing a drop of the US Dollar's value. The following surge eventually stopped at 1.1040. On Monday, the rate was declining and had reached the combined support of the 50 and 100-hour simple moving averages near 1.0970. A decline below 1.0970 might look for
The price for gold remains above the 1,930.50/1,932.10 range. Meanwhile, the pair is being approached by the resistance of the 50-hour simple moving average. In general, previous scenarios are relevant. In the case of the metal passing below the support zone at 1,930.50/1,932.10 the descent could be slowed down by the lower trend line of a broad channel down pattern,
The rate has ended its decline, before reaching the 142.00 level. On Friday morning, the pair recovered and tested the combined resistance of the 50 and 100-hour simple moving averages and the 142.70/143.10 range. A move above 143.00 level could be slowed down by the 143.50 and 144.00 levels. Note that the 144.00 mark is strengthened by the weekly
In the aftermath of the Bank of England rate hike, the Pound recovered against the US Dollar. The recovery appears to have been stopped by the weekly S1 simple pivot point at 1.2740. By mid-Friday, the pair was trading just above the support of the 1.2700 mark. A move below 1.2700 could result in the pair once again looking for
The currency pair has managed to pass the resistance of the 1.0935/1.0945 range and the 50-hour simple moving average. However, the 1.0960 level acted as resistance. As the rate approached the upper trend line of the descending channel pattern, a decline started, which was looking for support in the 1.0935/1.0945 zone. A move below 1.0935 could look for support in
The Bank of England has just now increased its Official Bank Rate from 5.00% up to 5.25%. The move was expected by the financial markets. As a result of the policy change the value of the Pound initially reacted with a downwards move, before returning to previous levels. The members of the monetary policy committee voted as follows. Eight
The price for gold has encountered resistance in the combination of the 50 and 100-hour simple moving averages near 1,955.00. The event combined with the broader USD strengthening on Wednesday has caused a decline of the commodity price. By mid-Thursday, the metal had reached the support zone at 1,930.50/1,932.10. In the case of the metal passing below the support zone
The USD/JPY has continued to surge, despite slowing down. On Thursday, the currency pair passed above the 143.50 level, before retracing back down and looking for support. If the rate finds support in the 142.70/143.10 range, it could resume its surge and aim at the combined resistance of the 144.00 mark and the weekly R2 simple pivot point at 144.09.