The decline of the GBP/USD eventually stopped at the 1.2550 mark. From there it began a recovery, which had ended by the middle of Friday's GMT trading hours. In the near term future, the rate was expected to reach new low levels. Economic Calendar Next week, there are a lot of events, which could impact the GBP/USD currency exchange rate. Already on Tuesday,
On Thursday, the support of the 55 and 100-hour simple moving averages failed, which resulted in a sharp decline. The decline was reversed at the 1.1280 level by the 200-hour simple moving average. By the middle of Friday's GMT trading hours, the rate had reached the resistance of the 100-hour simple moving average near the 1.1330 mark. Economic Calendar Analysis In regards to
On Wednesday, it was stated that a possible metal's surge would stop at the 1,740.00 level. It occurred and resulted in a decline, which by the middle of Thursday's trading had retreated to technical supports at 1,720.00. Future forecasts were based upon what would happen at the 1,720.00 price level. Economic Calendar Analysis Economic calendars show the US PPI and Unemployment Claims on
The decline of the USD/JPY has continued. On Thursday, the pair started to test the support of a 38.20% Fibonacci retracement level at the 106.86 level. In the meantime, take into account that the FOMC announcements on Wednesday did not cause a large increase of volatility, as it did on the EUR/USD charts. Economic Calendar Economic calendars show the US PPI and
On Wednesday, the GBP/USD made two failed attempts to pass the resistance of the 1.2800 level. These attempts resulted in a decline of the rate, which by the middle of Thursday's GMT trading hours had reached 1.2660. In the meantime, the rate revealed a channel up pattern, which could be used for future guidance. Economic Calendar Economic calendars show the US PPI
During the last twenty four hours up to the review the EUR/USD had traded with high volatility. The large volatility was caused by the Federal Reserve making announcements on Wednesday at 18:00 GMT. In the meantime, it was spotted that the rate respects the support of the 100-hour simple moving average and the weekly R1 simple pivot point at 1.1417. FOMC Meeting
At mid-day on Wednesday, the yellow metal pierced technical resistance at 1,722.00 and immediately reached for the 1,725.00 level. Moreover, the metal no longer had any technical resistance as high as 1,773.62. However, it does not mean that a surge is about to occur, as a major Federal Reserve is scheduled for 18:00 GMT. Economic Calendar Analysis At 18:00 GMT the US Federal
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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