On Monday morning, the USD/JPY currency pair reversed north from the support level - the weekly S2 at 109.13. It is likely that the US Dollar could extend gains against the Japanese Yen in the short run. However, the pair would have to surpass the weekly S1 at 109.32. Economic Calendar This week, there are only three events that could affect the USD/JPY
During today's morning, the GBP/USD exchange rate was testing the resistance level formed by the monthly R2 at 1.3115. If the given resistance holds, it is likely that the British Pound could depreciate against the US Dollar in the short run. Economic Calendar This week, the are three scheduled events that could impact on the GBP/USD rate. On Tuesday, December 31, the US CB
During Monday morning, the EUR/USD currency pair was testing the resistance level - the Fibo 38.20% at 1.1200. If the given resistance holds, it is likely that a reversal south could occur in the nearest future. Economic Calendar Analysis This week, there are only three events that could affect the EUR/USD pair. On Tuesday, December 31, the US CB Consumer Confidence will be
During Friday morning, the XAU/USD exchange rate was trading sideways in the 1,510.00 area. Economic Calendar Analysis This week, there are no scheduled events left, which could cause an increase of volatility in the XAU/USD pair. Next 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
On Friday, the USD/JPY currency pair was testing the support level formed by the 55-, 100- and 200-hour SMAs, as well the weekly PP at 109.45. If the given support level holds, it is likely that the Us Dollar could consolidate against the Japanese Yen in the short run. Economic Calendar This week, there are no scheduled events left. Next week, there are only
During today's morning, the GBP/USD exchange rate was testing the 200-hour SMA at 1.3053. If the given moving average holds, it is likely that a reversal south could occur. Otherwise, the rate could continue to extend gains. Economic Calendar This week, there are no events left that could affect the GBP/USD rate. Next week, the are three scheduled events that could impact on the
During Friday morning, the EUR/USD currency pair was testing the resistance level - the monthly R1 at 1.1138. If the given resistance holds, it is likely that a reversal south could occur in the nearest future. Economic Calendar Analysis This week, there are no scheduled events left, which could cause an increase of volatility in the EUR/USD pair. Next week, there are only three
During Monday, the price for gold jumped to the 1,484.00 level. Economic Calendar Analysis this week, the US Durable Goods Orders on Monday at 13:30 GMT could cause a move. Meanwhile, this week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 23.12-27.12 Event Historical Reactions XAU/USD short-term forecast During previous trading session,
On Monday, the USD/JPY currency pair was testing the resistance formed by the 55- and 100-hour SMAs, as well the weekly PP. If the given resistance holds, it is likely that a reversal south could occur in the nearest future. Economic Calendar This week, the US Durable Goods Orders on Monday at 13:30 GMT could cause a move. Meanwhile, this week's scheduled
During the first half of Monday, the GBP/USD exchange rate dropped to the Fibo 38.205 at 1.2918. If the given support level holds, it is likely that a reversal north could occur in the nearest future. Economic Calendar This week, the US Durable Goods Orders on Monday at 13:30 GMT could cause a move. Meanwhile, this week's scheduled event historical data tables
During Monday morning, the EUR/USD currency pair was trading in the 1.1080 area. Given that the pair is pressured by the 55- and 100-hour moving averages, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis This week, there is one scheduled event left, which could cause an increase of volatility in the EUR/USD. Today, the US
The yellow metal continues to trade sideways. Moreover, it was expected that the price would continue to remain flat. Economic Calendar Analysis Next week, the US Durable Goods Orders on Monday at 13:30 GMT could cause a move. Meanwhile, next week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 23.12-27.12 Event Historical
The rate aimed for the low level of 109.17, which it did not reach, as the additional support of the 200-hour SMA approached and caused a surge. On Friday, the currency exchange rate was trading flat around 109.35 and was expected to get squeezed between the 200-hour SMA from below and the 55 and 100-hour SMAs from above. Economic Calendar This week, the
As expected, the GBP/USD reached the 1.3028 level. Moreover, the 1.3000 mark was touched two times during Thursday's trading. The support of the 1.3000 managed to cause a surge, which by the middle of Friday's trading had encountered technical resistance. UK Retail Sales The British Pound depreciated against the US Dollar, following the UK Retail Sales release on Thursday at 09:30 GMT.
On Friday, the EUR/USD currency exchange rate had retreated below all close by technical levels. However, it did not decline, as the 1.1110 level kept the pair up. The 1.1110 had provided support since the middle of Wednesday's trading session. If the rate passes this support, in theory it should decline to the monthly pivot point at 1.1059. Economic Calendar Analysis This week,
Since finding support in the 200-hour SMA on Wednesday at 1,470.50, the yellow metal's price has traded almost flat. In general, the technical indicators were signaling that the bullion's price would continue to trade sideways. Economic Calendar Analysis This week, the pair could be impacted only by one data release. On Friday, the US Final GDP is set to be published at 13:30
The resistance of the zone from 109.60 to 109.70 managed to hold. On Thursday, the USD/JPY passed support levels near the 109.50 mark and started to sharply decline. The pair had no support levels as low as the 109.17 level, which it could reach in the near term future. Economic Calendar This week, the pair could be impacted only by one data
On Thursday, the GBP/USD exchange rate was declining, as the 55-hour simple moving average had provided resistance. At the start of the second half of London trading session, the pair was reaching new low levels and was expected to reach a pivot point at 1.3028. UK Retail Sales The British Pound depreciated against the US Dollar, following the UK Retail Sales release on
On Thursday, the EUR/USD surged, as it began a recovery that was created by the technical support provided by the 200-hour simple moving average. By the middle of the day, the rate had touched the 1.1145 level, from which it bounced back down. In general, the rate was expected to retreat back down to the 200-hour SMA before continuing its
On Wednesday, another attempt to pass the 1,480.00 level by gold had failed. At midday, it resulted ina decline down to the 200-hour simple moving average near 1,470.58 This event was followed by high volatility between 1,470.60 and 1,475.70. Economic Calendar Analysis This week, the pair could be impacted only by one data release. On Friday, the US Final GDP is set to
On Wednesday morning, the USD/JPY found support in the 100-hour simple moving average at 109.40. This event resulted in a surge, which by the middle of the day had reached the 109.60 level. In general, the rate was expected to test the resistance zone from 109.60 to 109.70, which stopped the rate's December surge. Economic Calendar This week, the pair could be impacted
On Wednesday, the GBP/USD was testing the support of a weekly pivot point at 1.3090. If the pivot point would fail to keep the rate from declining further, next up the monthly pivot at 1.3028 could be targeted. Economic Calendar On Thursday, at 09:30 GMT, the United Kingdom Retail Sales data will be made public. The Retail Sales could cause a move from
Early during Wednesday's London trading, the EUR/USD failed to gain momentum for a surge and dropped below the 55 and 100-hour simple moving averages. This event resulted in a decline. By the middle of Wednesday's GMT hours, the rate had already reached the 1.1120 level. Economic Calendar Analysis This week, there is one scheduled event left, which could cause an increase of volatility
At the middle of December, the DUK+/EUR exchange rate was testing the resistance of the November high level at 1.3900. However, even if this level would get passed, the rate would still face the resistance of the 1.4000 mark, In addition, above the 1.4000 there were sell orders spread out up to the 1.5400 level. Daily Candle Chart On the daily