On Wednesday, the GBP/USD was making attempts to pass the resistance provided by the 1.2180 level. If the rate would manage to break this level, it could surge up to the 1.2200 level. Economic Calendar Note, that the FOMC Meeting Minutes will be published on Wednesday at 18:00 GMT. The publication of the text has since January caused moves from 9.2 to 22.5
By the middle of Wednesday's trading session, the EUR/USD had traded sideways. The rate fluctuated between the support of the 55-hour simple moving average at 1.1092 and the resistance of a monthly pivot point and the 100-hour SMA near 1.1100. In general, a break out was expected to occur. If the rate breaks out to the upside, a weekly pivot point
During today's morning, the XAU/USD exchange rate was testing the 55-, 100- and 200-hour SMA, located circa 1,507.00.If the given moving averages do not hold, it is likely, that yellow metal could appreciate against the US Dollar in the short term.Economic Calendar Analysis Meanwhile, take into account that this week the FOMC Meeting Minutes are set to be published at 18:00
During Tuesday morning, the USD/JPY currency pair was testing the support formed by the 55- and 100-hour SMAs, located circa 106.30.If the given support holds, it is likely, that bulls could prevail in the market within the following trading session. Economic calendar This week, the US FOMC Meeting Minutes are set to be published at 18:00 GMT on Wednesday. This publication has caused
During today's morning, the GBP/USD exchange rate declined to the 1.2000 level. It is likely, that some downside potential could prevail in the market in the nearest future, as the rate is pressured by the 55-, 100- and 200-hour SMAs, as well the weekly PP. Economic calendar Note, that the FOMC Meeting Minutes will be published on Wednesday at 18:00 GMT. The publication
During Tuesday morning, the EUR/USD currency pair was testing at the psychological level at 1.1080. Given that the pair is pressured by the 55- and 100-hour moving averages, it is likely, that the Euro could depreciated against the US Dollar. Economic calendar This week there will be only one data release notable enough to cause a move on the EUR/USD charts. Namely, the
During Monday's morning, the price for gold declined to the psychological level at 1,500.00. Given, that yellow metal is pressured by the 55-, 100- and 200-hour SMAs, it is likely, that gold could depreciate against the US Dollar in the short term.Economic Calendar Analysis Meanwhile, take into account that this week the FOMC Meeting Minutes are set to be published at 18:00
On Monday morning, the USD/JPY currency pair was testing the resistance level formed by the monthly S2 at the 106.54. Given, that the currency pair is supported by the 55-, 100- and 200-hour SMAs, it is likely, that some upside potential could prevail.Economic calendar This week, the US FOMC Meeting Minutes are set to be published at 18:00 GMT on Wednesday. This publication
As apparent on the chart, the GBP/USD exchange rate was not able to surpass the psychological level at 1.2160.During Monday's morning, the rate was trading at the 1.2120 level. Note, that the currency pair is supported by the 55-, 100- and 200-hour SMAs, thus, a reversal north could occur. Economic calendar Note, that the FOMC Meeting Minutes will be published on Wednesday
The EUR/USD currency pair has been consolidating at the psychological level at 1.1100 since last Friday. From a technical perspective, it is likely, that some downside potential could prevail in the market, as the pair is pressured by the 55- and 100-hour SMAs, currently located at 1.1105 and 1.1134. Economic calendar This week there will be only one data release notable enough to
Since midnight from Thursday to Friday in the GMT time zone, the yellow metal's price has been declining. During the morning hours, it appeared that the bullion will reach the 1,500.00 level. At the 1,500.00 level the metal's price would meet with the support of the 200-hour simple moving average. At that level either a reversal will occur or the decline
On Friday morning, the USD/JPY traded above the support cluster that was located from 106.10 down to 105.87. In general, the rate was expected to surge up to the pivot point at 106.54, which will provide resistance. No more data this week. This week's data releases are over. Nothing that might impact the USD/JPY is scheduled to be published. Next week, the US FOMC
The almost week long sideways trading of the GBP/USD has ended. Namely, the pair broke the 1.2100 resistance and surged to the 1.2150 level. On Friday morning, the rate had already retraced back down and found support at 1.2080. The support levels managed to cause a surge by the middle of the day's London trading session. In regards to the short term
The EUR/USD has traded in the last 24 hours exactly as described in the first scenario on Thursday. Namely, the rate surged to the upper trend line of a descending channel pattern and bounced off it. The event resulted in a sharp decline that was followed by sideways trading consolidation. The consolidation ended on Friday morning and the decline was resumed,
The recovery of the yellow metal's price had reached the 1,525.00 level on Wednesday. That level was continuing to provide resistance to the commodity price on Thursday. In general, the price was squeezed in between the support levels at 1,510.00 and the 1,525.00 level. Economic Calendar Analysis On Thursday, the US Retail Sales are expected to cause a move at 12:30 GMT. Note
As forecast, the rate's decline reached the 106.00 level on Wednesday. The event was followed by sideways trading between technical levels and another sudden jump on Thursday morning. Since the jump the rate was declining and by the middle of Wednesday's trading session the rate was about to reach technical support levels at 106.00. US Retail Sales in focus On Thursday, the US
The GBP/USD has continued to trade in the previous trading sessions' range. Namely, it made another failed attempt to surge before retracing back down to the 1.2050 level. Meanwhile, it was spotted on Wednesday that the currency exchange rate faces psychological resistance provided by the 1.2100 level. Previously it was not spotted, as at that level the 55 and 100-hour SMAs
The hourly simple moving averages provided enough technical resistance on Wednesday, to cause a sharp drop down. The decline went as low as 1.1130 before a consolidating retracement back up started. The low point of 1.1130 was used to draw a descending channel pattern, which captures the decline that started on Tuesday. In regards to the near term future, the rate was
The yellow metal's price was testing the 1,535.00 level, as it was announced that Donald Trump will not set new tariffs on China. The event caused a drop of the metal to 1,480.00 level. Although, immediately after the drop, the metal recovered back to the 1,500.00 level, from where it was surging at the middle of Wednesday's London trading hours. Economic Calendar
Donald Trump cancelled upcoming trade tariffs, and the USD/JPY jumped from 105.20 to 107.00. Since the jump the rate was declining and by the middle of Wednesday's trading session the rate was about to reach technical support levels at 106.00. US Retail Sales in focus There are no data releases that might impact USD/JPY scheduled for Wednesday. On Thursday, the US Retail Sales are
The GBP/USD has managed to pass the resistance of the 55-hour SMA and traded sideways during the 24 hours up to 10:00 GMT, on Wednesday. At that time the rate was located at technical resistance levels near 1.2090. The future scenarios were based on what will happen at this level. US and UK Retail Sales On Thursday, UK Retail Sales will be published
The EUR/USD has traded with high volatility during the 24 hours up to the middle of Wednesday's trading session. The high volatility occurred due to the rate starting a break out above the 1.1200 level and another test of the 1.1230, which was sharply reversed by a fundamental announcement. Namely, the US President Donald Trump cancelled the plans to implement new
The breakout of gold occurred on Monday, The metal passed the resistance of the 1,510.00 level. By the middle of Tuesday's trading the commodity price had already reached the 1,535.00 level. Economic Calendar Analysis During this week there are a couple of government macroeconomic data releases, which might cause sudden moves in the value of the USD. If the value of the USD
The fall of the USD/JPY reached the 105.06 level, where a reversal started on Monday. The reversal was ended by the resistance of the 55-hour simple moving average on Tuesday morning. The simple moving average caused a decline, which by the middle of Tuesday's trading session was back down at the 105.10 level. In general, the rate was still expected