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Wed, 10 Jun 2020 11:48:50 GMT

USD/JPY continues decline

On Wednesday morning, the decline of the USD/JPY reached the monthly simple pivot point at 107.30. Future forecasts were based upon what would happen at the pivot point. Economic Calendar At 18:00 GMT the US Federal Reserve is scheduled to make a rate announcement and FOMC Statement. Prior to that, a minor reaction could be caused by the US CPI at 12:30 GMT. In

Wed, 10 Jun 2020 10:23:53 GMT

GBP/USD passes 1.2750 level

The support of the 100-hour simple moving average and the 61.80% Fibonacci retracement level caused a surge on Tuesday. The surge reached the resistance of the 1.2750 level and after a second attempt passed it. On Wednesday morning, the 1.2750 exchange rate level was already providing support to the GBP/USD. Economic Calendar At 18:00 GMT the US Federal Reserve is scheduled to

Wed, 10 Jun 2020 09:55:25 GMT

EUR/USD retests 1.1385 level

The support of the monthly R1 at the 1.1246 level managed to hold on Tuesday. This caused a surge, which passed the resistance of the 55 and 100-hour simple moving averages. By the middle of Wednesday's GMT trading, it was expected that the rate would once again test the monthly R2 simple pivot point at 1.1385. This scenario was described as

Tue, 09 Jun 2020 12:03:40 GMT

Gold reaches above 1,700.00

The recovery of the yellow metal's price continued to recover on Tuesday. During the recovery, it passed the resistance of the 55 and 100-hour simple moving averages and the 1,700.00 mark. Economic Calendar Analysis During the week, the action on the economic calendars will start and most likely end on Wednesday. At 18:00 GMT the US Federal Reserve is scheduled to make

Tue, 09 Jun 2020 11:35:29 GMT

USD/JPY reaches new low level

The decline of the USD/JPY currency exchange rate has continued, as by the middle of Tuesday's GMT trading hours the rate had touched the 107.80 mark. In regards to the near term future, it appeared on Tuesday that the rate could consolidate and afterwards resume the decline. Economic Calendar During the week, the action on the economic calendars will start and most

Tue, 09 Jun 2020 11:01:41 GMT

GBP/USD drops after reaching 1.2750

Despite the support of the 55-hour SMA forcing the rate into testing the 1.2750 level, the rate eventually declined. On Tuesday, the rate had reached back below the 1.2650 exchange rate level. Economic Calendar During the week, the action on the economic calendars will start and most likely end on Wednesday. At 18:00 GMT the US Federal Reserve is scheduled to make

Tue, 09 Jun 2020 09:43:08 GMT

EUR/USD continues decline

On Tuesday morning, the EUR/USD passed the support of the 100-hour SMA and the weekly simple pivot point at 1.1259. Due to that reason, the pair faced the support of the monthly pivot point at 1.1246, which was the only support level left above the 1.1200 mark. Economic Calendar Analysis During the week, the action on the economic calendars will start and most

Mon, 08 Jun 2020 14:29:08 GMT

DUK+/EUR remains above 1.5000

The forecast of the DUK+/EUR remaining above the 1.5000 mark has become reality. However, it did not surge, the rate has remained flat due to simultaneously facing strong resistance and having major support. Daily Candle Chart On the technical chart it can be observed that the daily simple moving averages have been impacting the currency exchange rate. Namely, the 55-day SMA has

Mon, 08 Jun 2020 13:42:41 GMT

Gold recovers after drop

Gold's decline stopped at the 1,675.00 level. From that level the commodity price began a recovery. By the middle of Monday's GMT trading the metal had reached above the 1,695.00 mark. Previously, a drop was caused by the Bureau of Labor Statistics release of the US Non-Farm Employment Change data, which came out better-than-expected of 2509K compared with the forecast of

Mon, 08 Jun 2020 12:54:42 GMT

USD/JPY declines on Monday

The surge of the USD/JPY ended at the resistance of a 61.80% Fibonacci retracement level at the 109.83 level. This technical level caused a decline. By the middle of Monday's GMT trading hours, the decline had passed support levels near 109.30 and was expected to reach for the 109.00 mark. Economic Calendar During the week, the action on the economic calendars will

Mon, 08 Jun 2020 12:44:33 GMT

GBP/USD bounces off 1.2730

After two attempts to pass the 1.2730 level, the GBP/USD retreated to on Monday. By the middle of the day's European trading hours, the currency exchange rate had reached the support of the 55-hour SMA at 1.2635. Economic Calendar During the week, the action on the economic calendars will start and most likely end on Wednesday. At 18:00 GMT the US Federal

Mon, 08 Jun 2020 12:14:35 GMT

EUR/USD bounces off pivot point

At the end of last week, the resistance of the monthly pivot point at 1.1385 managed to hold and cause a decline of the EUR/USD. On Monday, the rate was approaching the support of the weekly pivot point and the 100-hour simple moving average near 1.1260. Economic Calendar Analysis During the week, the action on the economic calendars will start and most likely

Fri, 05 Jun 2020 13:52:39 GMT

Gold drops on good US news

As better than expected US employment data was released on Friday, the yellow metal's price plummeted due to the anticipated strength of the US Dollar. The Bureau of Labor Statistics released the US Non-Farm Employment Change data, which came out better-than-expected of 2509K compared with the forecast of negative 7750K. Economic Calendar Analysis During the week, the action on the economic calendars will

Fri, 05 Jun 2020 13:16:04 GMT

USD/JPY breaks resistance and surges

At mid-day on Friday, the USD/JPY pierced the resistance of a pivot point at 109.43. Afterwards, it had no resistance as high as the 61.80% Fibonacci retracement level at 109.83. In regards to the aftermath of reaching the Fibo, the rate could trade sideways or reach for the simple pivot point at 110.76. Economic Calendar The week will end with the US

Fri, 05 Jun 2020 12:25:10 GMT

GBP/USD reaches another high level

A combination of support provided by the 55 and 100-hour simple moving averages caused a surge of the GBP/USD currency exchange rate. By the middle of Friday's GMT trading hours, the rate was making a second test of the resistance of a pivot point at 1.2678. Economic Calendar The week will end with the US Employment data set release on Friday 12:30

Fri, 05 Jun 2020 11:59:59 GMT

EUR/USD reaches another new high level

On Thursday, the EUR/USD found support in the 1.1200 level and began a surge. By the middle of Friday's GMT trading hours, the rate had already touched the high level of 1.1385. However, after touching the new high level, the rate began a decline, which could end near the 1.1315 level. Economic Calendar Analysis The week will end with the US Employment data

Thu, 04 Jun 2020 12:31:52 GMT

Gold drops below 1,700.00

On Thursday, the yellow metal's price continued the recovery, which started in the aftermath of dropping to the 1,690.00 mark. In the near term future, the commodity price was set to test the resistance of three SMAs and a pivot point near the 1,720.00 level. Economic Calendar Analysis The week will end with the US data set release on Friday 12:30 GMT. 31.05-06.06 Event

Thu, 04 Jun 2020 12:13:29 GMT

USD/JPY reaches new high level

Eventually, the 108.80 mark did not hold, and the USD/JPY reached above the 109.00 exchange rate level. Moreover, the pair had begun to use the 108.80 level as a support. In regards to the near term future, the rate could extend its gains, as soon as the 55-hour SMA catches up with it. Economic Calendar The week will end with the US

Thu, 04 Jun 2020 11:32:32 GMT

GBP/USD bounces off 1.2600 mark

After making three attempts to pass the resistance of the 1.2600 level and the pivot point at 1.2615, the GBP/USD began a decline. By the middle of Thursday's trading, the sentiment had reached the 1.2500 mark. Economic Calendar The week will end with the US Employment data set release on Friday 12:30 GMT. 31.05-06.06 Event Historical Reactions GBP/USD short-term review It is likely that the

Thu, 04 Jun 2020 09:40:36 GMT

EUR/USD reaches target

The EUR/USD reached its target at the 1.1250 level. However, the surge did not continue after reaching the target. In the aftermath of touching the 1.1250 mark, the rate declined. By the middle of Thursday's GMT trading hours, the rate had retreated to the 1.1200 level. Economic Calendar Analysis On Thursday, June 4, the European Central Bank is set to issue the Monetary

Wed, 03 Jun 2020 11:49:06 GMT

Gold traders remain long despite drop

After another attempt to pass the 1,745.00 price level, the yellow metal dropped. By the middle of Wednesday's trading hours, the commodity price had touched the 1,715.00 level. Economic Calendar Analysis On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change at 12:15 GMT and the ISM Non-manufacturing PMI at 14:00 GMT. The week will end

Wed, 03 Jun 2020 11:35:51 GMT

USD/JPY continues to surge

Instead of consolidating its gains, the USD/JPY continued to surge higher on Tuesday. The surge continued until the rate approached the resistance of the 108.80 mark. By the middle of Wednesday's GMT trading hours, the pair was testing the 108.80 mark, which continued to hold. Economic Calendar On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm

Wed, 03 Jun 2020 11:04:29 GMT

GBP/USD reaches 1.2600 level

The GBP/USD rate has reached the 1.2600 level, which together with the monthly simple R1 pivot point provided resistance since the late hours of Tuesday. In the near term future, the pair was expected to trade sideways and consolidate its gains. Economic Calendar On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change at 12:15

Wed, 03 Jun 2020 10:06:30 GMT

EUR/USD breaks 1.1200 level

As expected, the EUR/USD reached the 1.1200 level. Moreover, the rate passed this level's resistance on Wednesday. Next target for the surge of the EUR/USD was a pivot point at 1.1246. Economic Calendar Analysis On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change at 12:15 GMT and the ISM Non-manufacturing PMI at 14:00 GMT. On Thursday,

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