During Thursday's morning hours, the GBP/USD dropped to the 1.3020 level, where it found support and began a retracement back up. In the meantime, the pair had broken off the resistance of the 55, 100 and 200-hour simple moving averages and left them above 1.3115. US ISM Non-Manufacturing PMI Automatic Data Processing, Inc. released the US ADP Non-Farm Employment Change data, which
The EUR/USD reached the targeted weekly S1 pivot point that is located at the 1.1112 level. The rate managed to pierce this level before starting to trade sideways. In general, the EUR/USD was expected to continue its decline, as soon as the consolidating sideways trading ends. US ISM Non-Manufacturing PMI The European Common Currency traded sideways against the US Dollar, following the
The Iranian government fired rockets at US bases in Iraq. The news caused a spike of gold prices. However, as soon as it was revealed that there were no casualties, gold began to decline. By the middle of London's trading session, the rate had retreated back below the 1,580.00 level. Meanwhile, the move was consistent with the technical chart from more than
By the middle of Wednesday's London trading hours, the USD/JPY reached the resistance of the 200-hour simple moving average at 108.82. However, take into account that before the rate recovered to this level it dropped down to the support of a monthly pivot point at 107.65. With it, a new low level was booked. The drop was caused by the
On Wednesday, the GBP/USD passed the support of the 200-hour SMA, which kept it from declining since the middle of Tuesday. This event signalled that a decline of the pair is most likely. Although, by the middle of Wednesday's London trading hours, the pair's decline was stopped by the support of the 1.3100 level. Economic Calendar On Wednesday, the ADP Non-Farm Employment Change
The EUR/USD exchange rate has continued to decline. By the middle of Wednesday's trading, the pair had reached below the 1.1130 and continued to decline. In the meantime, take into account that the pair did make a retracement back up during late Tuesday's GMT hours. Economic Calendar Analysis On Wednesday, the ADP Non-Farm Employment Change is scheduled to be released at 13:15 GMT.
DUK+/EUR started the year by breaking the resistance of the 1.3800 level, which kept it down at the end of last year. In general, the rate had only the resistance of the pivot points. Meanwhile, there was a lack of sell orders. On the other hand, the pair had left below the daily simple moving averages. This factor indicates that the
After reaching a seven year high on US-Iran tensions, the yellow metal began to retreat. The price declined to the support of the 55-hour simple moving average and reversed at 1,555.00. On Tuesday, the pair was set to be pushed by the simple moving average into the resistance of the weekly R2 pivot point at 1,570.60. Economic Calendar Analysis This week, data releases
On Monday, the US Dollar managed to gain against the Japanese Yen. It pierced the resistance of the S1 monthly pivot point at 108.17 and reached for the 108.50 level. At that level the rate was stopped by the weekly pivot point. Throughout the first half of European Tuesday's trading hours, the rate remained below the pivot point. Economic Calendar This week, data
On Tuesday, the GBP/USD reached the 1.3200 level, which it managed to pierce. Namely, for a short period of time the rate traded above the 1.3200 level. In addition, take into account that a channel down pattern has been spotted, connect the December high and low levels to draw it. Economic Calendar This week, data releases will start on Tuesday at 15:00 GMT.
EUR/USD bounced off the resistance of the 1.1200 level. By the middle of Tuesday's trading session, the pair had reached below the 1.1170 level. During the decline, the rate easily passed the support of the 55 and 100-hour SMAs and the weekly pivot point. Economic Calendar Analysis The week's data releases will start on Tuesday at 15:00 GMT. The US ISM Non-Manufacturing PMI
The Iranian-US turmoil propelled the yellow metal, as funds ran to safety. The metal's price managed to shortly reach above a 100.00% Fibonacci retracement level at 1,580.00 Our analysts set speculative high level at this mark, by using the low level of 2018 and setting the 23.60% retracement at the early 2019 high level. Economic Calendar Analysis This week, data releases will start
Due to the tensions between the US and Iran the USD/JPY has traded with high volatility, bouncing around the 108.00 level. In the meantime, from a technical perspective the rate was consolidating its previous decline. It was shown by the hourly simple moving averages being above the pair. Economic Calendar This week, data releases will start on Tuesday at 15:00 GMT. The US
The 200-hour simple moving average provided the GBP/USD with support. The rate fluctuated above the SMA since the middle of Friday. On Monday, the rate bounced off the SMA and surged up to the 1.3060 level, managing to pass three technical resistance levels. Economic Calendar This week, data releases will start on Tuesday at 15:00 GMT. The US ISM Non-Manufacturing PMI will be
On Monday, the EUR/USD surged back up to the 1.1200 level. In general, the surge was caused by the support of the 1.1130 level, which had been held back by the 1.1180 level. It indicates that round price levels are impacting the pair. Economic Calendar Analysis The week's data releases will start on Tuesday at 15:00 GMT. The US ISM Non-Manufacturing
As expected, the metal surged on Thursday. By the middle of Friday's London trading hours, the yellow metal's price had reached the 1,550.00 level. Economic Calendar Analysis On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. On the same day, the FOMC Meeting Minutes will be published at 19:00 GMT. Next week, data releases will start
On Friday morning, the USD/JPY currency exchange rate pierced the support of the 108.00 level. It was an indicator that the rate could reach new low levels. However, the recent decline occurred in a very sharp angle, which indicated that the pair is already oversold. Economic Calendar On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00
The decline of the GBP/USD currency exchange rate has reached the support of the 200-hour SMA. Moreover, the decline was expected to continue. Economic Calendar On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. On the same day, the FOMC Meeting Minutes will be published at 19:00 GMT. Next week, data releases will start on
The squeeze of the EUR/USD resulted in a decline, which continued on Friday. In general, the rate was expected to continue to decline. In the case of a decline, the rate should reach for a technical support level near 1.1100. Economic Calendar Analysis On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT and the FOMC Meeting
In general, the yellow metal's price is set to surge, as it is being pushed up by an hourly SMA and has no technical resistance to it. Economic Calendar Analysis On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. At the same day, the FOMC Meeting Minutes data will be published at 19:00 GMT. Meanwhile, this week's
The USD/JPY has started the year with a recovery from previous losses. However, it was not expected to last long, as the rate was set to face strong technical resistance levels. Economic Calendar On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. At the same day, the FOMC Meeting Minutes data will be published at 19:00
The GBP/USD has been retreating since the start of the year's trading. By the middle of Thursday's London trading hours, it was expected that the pair could reach below the 1.3200 level. Economic Calendar On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. At the same day, the FOMC Meeting Minutes data will be published at
On Thursday, the EUR/USD got squeezed in between the support of the 100-hour SMA and the resistance of the 1.1200 level. The future scenarios for the rate were based upon how the squeeze could end. Economic Calendar Analysis On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. At the same day, the FOMC Meeting Minutes data will
During Monday morning, the XAU/USD exchange rate was trading sideways in the 1,510.00 area. Economic Calendar Analysis This week, there are only three events that could affect the XAU/USD pair. On Tuesday, December 31, the US CB Consumer Confidence will be published at 15:00 GMT. On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. At the same day,