The GBP/USD currency exchange rate remains to trade below the psychological level at 1.3000. It is likely that the rate could gain support from the 55-hour SMA and trade upwards. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the
The EUR/USD currency pair has revealed a medium-term descending channel. From a theoretical perspective, it is likely that the pair could reverse south from the upper channel line in the nearest future. Economic Calendar Analysis Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The
The yellow metal's price failed to pass the resistance of the 1,970.00 level despite making many attempts. Moreover, eventually, the price broke the hourly chart's rising wedge pattern. By the middle of Thursday's GMT trading hours, the rate had reached the support of the 1,940.00 mark. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US weekly Unemployment Claims could cause a move. Click
Not only did the rate reached the targeted 105.00 level on Wednesday, the pair broke the support of the technical levels at this mark. By the middle of Thursday's GMT trading hours, the pair had reached below the 104.80 level and had no close by technical support levels. Economic Calendar On Thursday, at 12:30 GMT, the US weekly Unemployment Claims could cause
On Wednesday, the GBP/USD rate reached the 1.3000 level and bounced off its resistance and began a decline. On Thursday morning, the rate found support in the 55-hour simple moving average and retraced back up. In the near term future, it appeared that the 1.3000 would be tested once again. Economic Calendar On Thursday, the Bank of England is scheduled to make
The Federal Reserve strengthened the US Dollar on Wednesday. Namely, its announcement essentially meant that the supply of the US Dollar would be smaller than the markets previously thought. A full report is set to be published soon. In the meantime, the following decline of the EUR/USD reached the 1.1740 level, which provided the rate with support. Economic Calendar Analysis On Thursday,
After reaching above the 1,970.00 mark, the yellow metal began a decline on Tuesday. The decline was stopped and the price reversed by the combination of the support of the lower trend line of the ascending wedge pattern and the 100-hour simple moving average. On Wednesday morning, the rate resumed its surge and once again tested the resistance of the pivot
The decline of the USD/JPY has continued, as on Wednesday morning the rate already passed the weekly S3 simple pivot point at 105.25. Next target for the rate's decline was the 23.60% Fibonacci retracement level at 105.03 and the monthly pivot point at 104.99. In addition, psychological support could be provided by the round 105.00 exchange rate level. Economic Calendar This week,
On Tuesday, instead of reaching the pivot point at 1.2945, the GBP/USD bounced off the resistance of the 1.2920 level. This level had also kept the rate down on Monday. On Wednesday morning, the currency exchange rate traded sideways between the mentioned resistance and the support of the 1.2880 level. Economic Calendar On Wednesday, at 12:30 GMT the US Retail Sales and
The EUR/USD made another attempt to pass the resistance of the 1.1900 level and failed on Tuesday. This event resulted in a decline, which reached the 1.1830 level by the start of Wednesday's trading. From that level, the rate began a recovery, which was piercing one resistance level after another, as the rate appeared to be returning to the 1.1900
The yellow metal ended its sideways trading by surging. Namely, by the middle of Tuesday's GMT trading hours the price of the metal had reached above the 1,970.00 level. Meanwhile, on the hourly candle chart the price had revealed a rising wedge pattern. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales data sets are set
At mid-day on Tuesday, the USD/JPY currency exchange rate reached the support of the weekly S2 simple pivot point at 105.52. In addition, support was expected from the 105.50 round exchange rate level. In the meantime, it was spotted that the pair's recovery attempt was stopped by the 105.80 level. Economic Calendar This week, on Wednesday, at 12:30 GMT the US Retail
On Tuesday morning, the GBP/USD currency exchange rate passed the 100-hour simple moving average's resistance. The resistance had caused a retreat back down to eh 55-hour SMA and monthly pivot point near 1.2830 on Monday. In the near term future, the rate was expected to aim at the resistance of the weekly simple pivot point at 1.2945. Economic Calendar During the week,
As forecast, the EUR/USD managed to pass the resistance of the monthly pivot point at 1.1867. On Tuesday, the currency exchange rate reached the 1.1900 level, which provided resistance. In the near term future, the rate could trade sideways until the 55 and 100-hour SMAs catch up and provide support. Economic Calendar Analysis This week, on Wednesday, at 12:30 GMT the US
The DUK+/EUR currency exchange rate has continued to surge throughout the past week. On Friday, the rate had been trading at 1.5900 level. In the near term future, the rate could consolidate by trading sideways or decline, as there were no close by buy order clusters. Daily Candle Chart On the daily candle chart the pair has left below it the daily
The metal started the week's trading by bouncing around the 1,945.00 level. Namely, it was supported by the 1,940.00 level and kept down by the 1,950.00 mark. In the meantime, in the mentioned zone three hourly simple moving averages were providing either support or resistance to the commodity price. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core
On Friday, the rate bounced off the 106.25 level and began a decline. By the middle of Monday's GMT trading hours, the rate had shortly reached below the 106.00 level. In theory, the rate should surge. However, the previous attempt to move higher was stopped by the 106.30 level. Economic Calendar This week, on Wednesday, at 12:30 GMT the US Retail Sales
The GBP/USD has been trading near the 1.2800 level since reaching it on Thursday. By large the situation had not changed on Monday morning. Meanwhile, the resistance of the 1.2850 mark, which kept the pair down on Friday, was approached by the 55-hour simple moving average. Economic Calendar During the week, noteworthy events start on Wednesday, 06:00 GMT, at that time,
The EUR/USD started the week's trading by approaching the monthly pivot point at 1.1867 and testing its resistance. In theory, the rate could pass this level, if it would get pushed up by the support of the 55 and 100-hour simple moving averages. Economic Calendar Analysis This week, on Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales
The yellow metal's price surged earlier than expected, as it passed the 1,950.00 level and reached the 1,965.00 mark at mid-day on Thursday. Although, this level provided resistance and caused decline back down to 1,940.00. On Friday, the rate was trading among the hourly simple moving averages in the range from 1,937.00 to 1,945.00. Economic Calendar Analysis The week will end with the
On Friday morning, by large, the situation on the USD/JPY currency exchange rate charts had not changed. The pair remained above the support of the weekly and monthly simple pivot points and the three hourly simple moving averages. In theory, the rate should surge. However, the previous attempt to move higher was stopped by the 106.30 level. Economic Calendar The week will
The GBP/USD tested the resistance of the 55-hour SMA and the pivot point at 1.3000 level. These levels eventually caused a sharp decline, which reached the 1.2800 level. On Friday morning, the pair tested the resistance of the monthly S2 and weekly S3 simple pivot points near 1.2835. Economic Calendar The week will end with the publication of the US Consumer Price
The ECB rate announcement and meeting minutes caused a surge of the EUR/UDS to the 1.1920 level. However, the rate began a retracement back down after the event, which even declined below the pre-announcement levels. On Friday morning, the pair had bounced off the support of the 55 and 100-hour SMAs and reached the 200-hour SMA, which appeared to be
The yellow metal trades in sudden sharp moves. The most recent move was a surge, which reached the 1,950.00 level that provided resistance. In theory, the metal could surge as soon as the price is approached by the support of the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Thursday, at 12:30 GMT a group of minor US data sets is