On Tuesday morning, gold once again touched the 1,480.00 level, which managed to hold and cause a decline to the 1,475.00 level. At the 1,475.00 level, the rate met with additional technical support, which it did not have on Monday. This event signaled that a surge of the metal could be expected. Economic Calendar Analysis This week, the pair could be impacted only
On Tuesday, the USD/JPY traded flat near the 109.60 level. Although, at the start of the US trading session, the rate declined down to the support of the 55-hour SMA at the 109.50 level. If the SMA, fails to keep the rate up, the pair could decline down to the 100-hour SMA near 109.25. Economic Calendar This week, the pair could be impacted
By the middle of Tuesday's London trading hours, the GBP/USD had reached the level, where it was located before Boris Johnson's Conservative election victory. In general, the rate was expected to continue to decline until it reaches technical support levels near 1.3115. Economic Calendar On Wednesday, the UK CPI is scheduled to be released at 09:30 GMT. This event could create a move
On Tuesday, the EUR/USD ended trading sideways between 1.1140 and 1.1160 levels. The ending of the sideways trading signalled that a surge was likely. In the case of the exchange rate surging, the pair would reach for the resistance of the 1.1200 level, which stopped the last week's surge. Economic Calendar Analysis This week, there is one scheduled event left, which could cause
On Monday, the yellow metal's price was going upwards, supported by the monthly PP at 1,475.51. Given that the XAU/USD exchange rate is supported by the 55-, 100- and 200-hour moving averages, it is likely that bulls could prevail in the market in the short run. Economic Calendar Analysis This week, the pair could be impacted only by one data release. On Friday,
During Monday morning, the USD/JPY currency pair was trading near the resistance formed by the upper boundary of the long-term channel, as well the Fibo 50.00%. If the given resistance holds, it is likely that the pair could go downwards. Economic Calendar This week, the pair could be impacted only by one data release. On Friday, the US Final GDP is set
During Monday morning, the GBP/USD exchange rate was trading at the 1.3350 level. Given that the rate is supported by the 55-hour SMA, it is likely that some upside potential could prevail in the market. On the other hand, some volatility could occur due to the UK Bank Stress Test Results release at 16:00 GMT. Economic Calendar This week, the data that might
During Monday morning, the EUR/USD currency pair was testing the resistance formed by the 55-hour SMA and the monthly R1 at 1.1140. If the given resistance does not hold, it is likely that a surge towards the 1.1180 level could occur. Economic Calendar Analysis This week, there are a few economic events that could affect the EUR/USD pair. Today, the US Flash Manufacturing
On Friday, the yellow metal's price was recovering after the Thursday decline. By the middle of the day's London trading hours, the metal had tested the resistance of the 1,475.50 level. US President Announces Trade Deal On Thursday, December 12, gold depreciated 1.22% or 1786 pips against the US Dollar. The drop was driven by an announcement made by the US President
As expected, the USD/JPY continued to surge after the publication of Thursday's Trading Idea. By the middle of Friday's London trading, the rate had reached and bounced off the 109.70 level. In the meantime, it could be observed on the daily candle chart that the rate could reach the 109.80 level. US President Announces Trade Deal On Thursday, December 12, the USD/JPY appreciated
The Prime Minister of the United Kingdom Boris Johnson announced on Friday that the UK would leave the EU by January 31. The announcement was made, as his Conservative party won the election with a majority not seen since the 1980s. The GBP surged on the announcement, as it brought back certainty of the country's future. UK Election causes a surge On Thursday,
The certainty brought by the UK general elections has also impacted the Euro. Namely, the EUR/USD currency exchange rate also surged on the Tory victory on Thursday. On Friday, the rate was consolidating in the aftermath of the sharp surge. Tories win UK elections On Thursday, December 12, the EUR/USD appreciated 89 pips or 0.80% against the US Dollar. The advance was driven
On Thursday, US President Donald Trump tweeted on US-China trade deal, which caused a jump of the value of the US Dollar. As a result of this event, the price of gold first jumped above 1,485.00 and afterwards plummeted to 1,465.00. In the near term future, the price should consolidate, as the news are taken in by the market. Economic Calendar
On Thursday, as the US market opened, the USD/JPY jumped. The reason was a tweet by the US President Donald Trump on trade deal progress with China. The surge managed to pierce the 109.00 level, which signalled that the pair might reach even higher. Economic Calendar The week is set to end with the US Retail Sales data on Friday at 13:30 GMT.
On Thursday, the GBP/USD touched the support of the 1.3120 level. During the second part of London trading hours, the pair bounced off this level and began to test the resistance of the 55-hour simple moving average. Meanwhile, as the UK general elections were taking place, our analysts expected that all technical levels would be ignored by the rate. The results
Wednesday's FOMC announcements and Press Conference caused a surge of the EUR/USD currency exchange rate to the 1.1140 level. In the near term future, the rate was expected to consolidate by trading sideways or declining to the support of the pivot point at 1.1118. Economic Calendar Analysis On Thursday, the European Central Bank is set to make its rate announcement at 12:45 GMT.
On the first half of Wednesday, the XAU/USD exchange rate was testing the resistance formed by the 100- and 200-hour SMAs. If the given resistance holds, it is likely that yellow metal could consolidate against the US Dollar in the short run. Economic Calendar Analysis This week there are a couple of events that could impact the rate. On Wednesday, at 13:30
On Wednesday, the the USD/JPY currency pair was squeezed 55-, 100- and 200-hour moving averages. If the given moving averages hold, it is likely that the pair could trade sideways in the 108.80 area in the nearest future. Economic Calendar This week there are a couple of events that could impact the rate. On Wednesday, at 13:30 GMT the US CPI and Core
On Wednesday, the GBP/USD exchange rate was testing the resistance formed by the 55- and 100-hour SMAs, located circa 1.3150. It it likely that the rate could trade sideways between the Fibo 50.00% and the monthly R2, located at 1.3196 and 1.3115 respectively. Economic Calendar This week there are a couple of events that could impact the rate. Today, at 13:30 GMT
On Wednesday morning, the EUR/USD currency pair was testing the support provided by the 55- and 100-hour moving averages circa 1.1080. If the given moving averages hold, it is likely that the pair could try to reach the psychological level at 1.1100. Economic Calendar Analysis This week there are a couple of events that could impact the EUR/USD rate. Today, at 13:30 GMT
The support of the 1,460.00 level provided enough strength for the metal to break three technical resistance levels. By the middle of Tuesday's London trading, the commodity price was expected to reach the 1,470.00 level. At that level, the price should meet with the resistance of the 100-hour simple moving average, which is the last technical resistance before the 1,475.00
As expected, a bounce off from the support of the 38.20% Fibonacci retracement level at 108.44 caused a surge up to the 55 and 100-hour simple moving averages. In general, the rate is expected to get squeezed in between the SMAs and the retracement level. A squeeze would afterwards result in a break out. A break out can occur either up
On Tuesday, the GBP/USD was approached by the additional support of the 100-hour simple moving average. The SMA strengthened the support of the 1.3140 level and pushed the rate higher. By the middle of the day's London trading hours, the rate had approached the resistance of the 1.3180 level, which stopped a surge on Monday. Economic Calendar This week there are a couple
On Tuesday morning, the EUR/USD was piercing the resistance of the 1.1080 level. Previously, on Monday, the rate failed to pass this level. If this level fails to hold the rate down, the pair would reach for the psychological resistance of the 1.1100 mark. Economic Calendar Analysis This week there are a couple of events that could impact the EUR/USD rate. On Wednesday,