USD/JPY reaches above 145.00

Source: Dukascopy Bank SA


In general, fundamentals keep making an impact on the markets. It was revealed eventually to the world that the Fed might not cut rates until the end of 2024, which strengthened the US Dollar. Moreover, the release of US Employment data on Friday at 13:30 GMT caused volatility.

During the events, the pair broke the 144.30/145.00 range and the weekly R1 simple pivot point at 145.50. However, it was observed that the 146.00 level had held.

Support could soon be found in the 144.30/145.00 range and the 50-hour simple moving average. Below the important range, note the weekly simple pivot point at 143.23, the 100-hour SMA near 143.00 and the 200-hour SMA near 142.50.

In the case of an extended recovery, round exchange rate levels are highly likely set to act as resistance.
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Fri, 05 Jan 2024 15:29:17 GMT

Gold reacts to US data

In general, fundamentals keep making an impact on the markets. It was revealed eventually to the world that the Fed might not cut rates until the end of 2024, which strengthened the US Dollar. Moreover, the release of US Employment data on Friday at 13:30 GMT caused volatility. During these events, the price for Gold dropped to the 2,025.00 level

Fri, 05 Jan 2024 14:37:02 GMT

GBP/USD respects 1.2590/1.2610

In general, fundamentals keep making an impact on the markets. It was revealed eventually to the world that the Fed might not cut rates until the end of 2024, which strengthened the US Dollar. Moreover, the release of US Employment data on Friday at 13:30 GMT caused volatility. On the GBP/USD charts it resulted in the rate retracing to the

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