On Monday, the USD/JPY continued the decline, which it began on Friday. By the middle of the day's London trading hours, the rate had reached the support of a pivot point at 108.97. The rate had a couple possible future scenarios, which are described below. Economic Calendar This week, US data is set to impact the currency exchange rate through the value of
The GBP/USD started the week higher and retraced back up to the 55-hour simple moving average. The same SMA, which pushed the rate down last week. The rate was expected to be pushed down by it once again. UK Monetary Policy The British Pound depreciated against the US Dollar, following the UK Monetary Policy Summary release on Thursday at 12:00 GMT. The
The EUR/USD has started the week at 1.1020 level. In general, the rate was being pushed down by the 55 and 100-hour simple moving averages, which were located at 1.1043 and 1.1061. Meanwhile, the pair had no technical support as low as the 1.0967 level. However, the 1.1000 mark should provide psychological support. Economic Calendar Analysis This week, US data is set to
The commodity price broke the support of the medium scale pattern. It occurred in a sharp move, which gained momentum and reached as low as the 1,460.00 level. On Friday, the rate was consolidating in the aftermath of the previous move down. Economic Calendar Analysis There are no more events scheduled for this week, which could impact gold prices through the value
The surge of the USD/JPY has reached the 109.40 level. Moreover, the pivot point at 109.39 was pierced on Thursday. In regards to the near term future, the rate was expected to consolidate and afterwards resume its surge. Economic Calendar There are no more relevant events this week that could impact the USD/JPY currency exchange rate. Next week's reaction tables have been published. Take
On Friday, the GBP/USD continued to consolidate by trading sideways near the 1.2820 level. The rate was expected to end the week trading sideways and make a move on Monday. UK Monetary Policy The British Pound depreciated against the US Dollar, following the UK Monetary Policy Summary release on Thursday at 12:00 GMT. The GBP/USD exchange currency rate lost 42 pips or
The EUR/USD bounced off the resistance of the 1.1090 level on Thursday and began a decline, which was stopped by the support of a pivot point at the 1.1037 level. On Friday, the pair was testing this support level. If the support fails to hold, the 1.1000 should be reached. Economic Calendar Analysis There are no more data releases scheduled for this week,
The recovery of gold has met with the resistance of the 55-day simple moving average, which pushed the rate back into the support of the medium term ascending channel pattern. By the middle of Thursday's London trading, the rate had bounced off the support of the pattern. Economic Calendar Analysis There are no more events scheduled for this week, which could impact
On Thursday, the USD/JPY currency rate was sharply surging after finding support in the 200-hour simple moving average. By the middle of the day's London trading, the pair had reached the 109.20 mark. The future forecasts were based upon what would happen at the resistance of the 109.20 mark. Economic Calendar There are no more relevant events this week that could impact the
On Wednesday, the 55-hour SMA pushed down the GBP/USD, as it was expected. Although, on Thursday, the currency exchange rate had found support in a pivot point at 1.2842 and surged back up to the SMA at 1.2874. The future forecasts were based on what would occur at the SMA. Economic Calendar Main attention this week will be set on the Bank of
On Thursday morning, the EUR/USD met with the resistance of the 55-hour simple moving average at 1.1084. It occurred in the aftermath of a bounce off from the support of the 1.1060 level. In general, if the resistance of the SMA fails, the rate would reach for a pivot point at 1.1100. On the other hand, in the case of a
On Wednesday, gold traded near the 1,485.00 level, to where it had sharply plummeted on Tuesday. The decline of the metal had been stopped by the lower trend line of an ascending channel pattern, which can be seen on the hourly candle chart. In regards to the near term future, the metal should consolidate by trading sideways. US ISM Non-Manufacturing
As expected, the USD/JPY reached the 109.00 level. Moreover, the resistance levels at that price level were passed. Although, the passing of 109.00 did not result in a surge up to the 109.39 level, as it was forecast on Tuesday. US ISM Non-Manufacturing PMI The Institute for Supply Management (ISM) released the US ISM Non-Manufacturing PMI survey results, which came
The GBP/USD has traded almost sideways during this week. Namely, it has remained near the 1.2880 level. In regards to the near term future, the rate is expected to be pushed down by the 55-hour SMA. Moreover, the move would be consistent with the newly discovered channel down pattern. US ISM Non-Manufacturing PMI The Institute for Supply Management (ISM) released the
The support of the 200-hour simple moving average did not hold for long on Tuesday. At mid-day it was passed. This resulted in a sharp decline, which reached the 1.1064 level. On Wednesday, the rate was recovering from the decline. Although, the surge was seen only as a retracement that occurs after sharp moves. US ISM Non-Manufacturing PMI The European Common Currency
Gold failed to pass the resistance of the 1,515.00 level. The failure resulted in a decline, which by the middle of Tuesday's trading session had reached below the 55 and 100-hour simple moving averages. The rate was set to test the support of the 1,500.00 mark and the 200-hour simple moving average, which was located at 1,501.25. FOMC Statement and Federal
The surge of the USD/JPY has continued. By the middle of Tuesday's trading the rate had reached above the 108.80 level. Moreover, the rate had no resistance as high as the 109.00 level. Future forecasts were based upon what would happen at the 109.00 mark. Economic Calendar This week there is only one event scheduled that could impact the rate. On Tuesday, the US
The decline of the GBP/USD has reached below the 1.2900 level. Namely, the 1.2880 level was touched on Monday afternoon. On Tuesday, the currency exchange rate found support in that level and surged back up to the 1.2900 mark, which began to provide resistance. Economic Calendar Main attention this week will be set on the Bank of England rate announcement. The rate
The EUR/USD plummeted on Monday, as soon as the 55-hour SMA failed to provide support. By the middle of Tuesday's London trading, the currency exchange rate had found support in the 200-hour SMA at 1.1125. Although, the SMA might not cause a surge, as the rate faces the resistance of a weekly PP at 1.1139 and the 55 and 100-hour simple
The surge of the DUK+/EUR last week reached above the 1.0000 level. It appears that traders profited from the surge, as last week sell orders were set at 0.9500 and 1.0000. In the aftermath of the surge, the rate began a decline, which on Monday found support in the 0.8500 level. In regards to the near term future, the rate should rebound
The yellow metal started the week by trading sideways between 1,510.00 and 1,515.00. The sideways trading was expected to continue until the end of the day. In regards to the near term future, the rate was more likely to surge than decline, as it was being approached by the support of the 55-hour simple moving average. FOMC Statement and Federal Funds
On Monday, the USD/JPY was making attempts to pass a cluster of technical resistance levels that were located just above the 108.40 level. The future forecasts for the currency rate were based on what would happen at the cluster of technical levels. FOMC Statement and Federal Funds Rate The Federal Reserve released the US Federal Funds Rate data, which came out in line
The GBP/USD has passed the support of the 55-hour SMA and broken an ascending pattern. By the middle of Monday's trading the rate had reached technical support levels that were located just above the 1.2910 level. US ISM Manufacturing PMI The Institute for Supply Management (ISM) released the US ISM Manufacturing PMI survey results, which came out worse-than-expected of 48.3 compared with
On Monday, the EUR/USD exchange rate fluctuated near previous levels. Namely, it was located below the 1.1175 mark. Meanwhile, take into account that on Friday the 55-hour simple moving average had failed to stop a short drop to the 1.1130 level. US Employment data The European Common Currency depreciated against the US Dollar, following the US Employment data set release on