On Wednesday, the GBP/USD passed the support of the 55 and 100-hour simple moving averages. Afterwards, the rate touched the lower trend line of an ascending channel pattern at 1.2135. In accordance with the pattern, the rate should begin a surge. Although, a move upwards would face the 55, 100 and 200-hour simple moving averages at 1.2146, 1.2159 and 1.2197. Latest Fundamental
The EUR/USD currency exchange rate was heading to the 1.1170 level, where it would meet with two pivot points that will provide support to the pair. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar, following the US Non-Manufacturing PMI data release on Monday at 14:00 GMT. The EUR/USD exchange currency rate gained 6 pips or 0.05%
Yesterday, the price for gold reached the 1,475.00 level. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which came out worse-than-expected of 53.7 compared with the forecast of 55.5. Anthony Nieves, Chair of the Institute for Supply Management (ISM) Non-Manufacturing Business Survey Committee commented: "The NMI registered 53.7 percent, which is 1.4 percentage points lower than the
During today's morning, the USD/JPY currency pair started to test the resistance formed by the monthly S2 and the 55-hour SMA at 106.54. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which came out worse-than-expected of 53.7 compared with the forecast of 55.5. Anthony Nieves, Chair of the Institute for Supply Management (ISM) Non-Manufacturing Business Survey Committee
Since the middle of Thursday's trading session the GBP/USD has been making attempts to pass the resistance of the 55-hour simple moving average. In general, the rate was expected to be pushed down as soon as the 100-hour simple moving average approaches and provides additional technical resistance. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which
The EUR/USD currency pair reversed south from the resistance level formed by the weekly R1 at 1.1234. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar, following the US Non-Manufacturing PMI data release on Monday at 14:00 GMT. The EUR/USD exchange currency rate gained 6 pips or 0.05% right after the release. The Euro continued trading at
The yellow metal has reached a new high level, as the initial strengthening of the USD passed and a sell off began on Thursday. The surge has reached the 1,450.00 level, where it met with a dominant patterns trend line and a monthly pivot point. Latest Fundamental Event Report The Federal Reserve released the Federal Funds Rate data, which came out in line
The decline of the USD/JPY has reached below the 107.00 level. The rate has fallen far below the initially expected level of 108.40. On Friday, the decline was being slowed down by the support of a weekly pivot point, which next week will be moved, as the week will end. Due to that reason, most likely the monthly S2 at 106.54
Since the middle of Thursday's trading session the GBP/USD has been making attempts to pass the resistance of the 55-hour simple moving average. In general, the rate was expected to be pushed down as soon as the 100-hour simple moving average approaches and provides additional technical resistance. Latest Fundamental Event Report The Federal Reserve released the Federal Funds Rate data, which came
The Fed caused decline ended on Thursday at the weekly S2 of the simple pivot points at 1.1029. The reaching of this level was followed by a surge. By the middle of Friday's trading the EUR/USD had reached the resistance of the 100-hour simple moving average at 1.1114. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the
Gold dropped to the 1,405.00 level on Thursday, as the US Dollar was surging due to the announcement made by the head of the Federal Reserve. Namely, don't expect more rate cuts this year. The sharp decline of the metal's price was expected to consolidate by trading sideways or retracing back up on Thursday. Economic Calendar Analysis On Thursday, the ISM Manufacturing PMI
As the Chairman of the Federal Reserve announced that there most likely will be no more rate cuts this year, the USD surged. On the USD/JPY charts the currency exchange rate touched 109.30 level before declining. By the middle of the day, the retracement downwards had dropped below a weekly pivot point and had no technical support as low as 108.70. US
Due to the announcement of the head of the Federal Reserve the GBP/USD dropped. Namely, it was announced that there will most likely be no more rate cuts this year. From a technical perspective, the rate was fluctuating above the support of the 1.2100 level. In general, the rate was expected to continue to decline, as soon as it is approached
Despite the Federal Reserve cutting interest rates, the EUR/USD has plummeted down. Namely, the USD gained value instead of the in theory expected decline. From a technical analysis perspective on Thursday the currency exchange rate was bound to test the support of the weekly S2 at 1.1029. US ISM Manufacturing PMI On Thursday, the ISM Manufacturing PMI will be published at 14:00 GMT.
On Wednesday, the yellow metal traded in limbo around the 1,430.00 price level. In general, the metal's price was expected to trade sideways until the FOMC announcements at 18:00 GMT. Economic Calendar Analysis This week top attention will be paid to the US Federal Reserve's Federal Open Markets Committee announcements on Wednesday at 18:00 GMT. In general, the markets expect a US Dollar
The USD/JPY currency exchange on Wednesday remained above the technical support cluster, which was located above the 108.40 level. On Wednesday morning, the rate began to trade sideways between 108.50 and 108.60, as it was expected to remain stable until the Federal Reserve Interest Rate announcement at 18:00 GMT. Federal Reserve at 18:00 GMT This week top attention will be paid to the
As expected, the GBP/USD has traded sideways below the weekly S3 at 1.2186 and above the 1.2150 level. The currency exchange rate is expecting the central bank announcements of this week. Namely, the FOMC announcements will be made on Wednesday at 18:00 and Bank of England on Thursday at 11:00 GMT. Main focus on central banks This week top attention will be
As expected, the EUR/USD surged above the resistance of the weekly pivot point at 1.1153. However, the gains of the rate were limited, as it traded sideways between 1.1150 and 1.1160 in the aftermath of the event. In regards to the near term future, the rate most likely will trade sideways until the publication of the US Federal Reserve Interest Rate.
On Tuesday, the yellow metal's price was testing the resistance of the 1,430.00 level. In general, the metal's price was expected to trade sideways until the Wednesday's FOMC announcements at 18:00 GMT. Economic Calendar Analysis This week top attention will be paid to the US Federal Reserve's Federal Open market Committee announcements on Wednesday at 18:00 GMT. In general, the markets expect a
On Tuesday, USD/JPY bounced off a monthly pivot point at 108.90 and began a decline down to a cluster of technical support levels located from 108.40 to 108.50. In general, the rate had two possible scenarios that were based on what will happen at the support cluster. US Advance GDP data release on focus This week top attention will be paid to
On Tuesday, the GBP/USD continued to plummet, as the rate reached the 1.2120 level during the early London trading hours. In general, the rate has no technical support levels and decline. On the other hand, note that the rate is expecting the announcements of the Federal Reserve and the Bank of England on Wednesday and Thursday. Latest Fundamental Event Report The Bureau of Economic
On Tuesday morning, the EUR/USD was squeezed in between the support of hourly simple moving averages and the resistance of the simple weekly pivot point. In general, the rate was most likely going to trade sideways near 1.1150, between the previously described technical levels, until the Wednesday's Federal Reserve announcements at 18:00 GMT. Latest Fundamental Event Report The European Common Currency depreciated against
On Thursday, the XAU/USD exchange rate tumbled to the 1,420.00 level. On Friday morning, the rate went up to the resistance level formed by the 55-, 100- and 200-hour SMAs, located circa 1,422.00.Economic Calendar Analysis at 12:00 GMT Current week will end with the US Advance GDP data release on Friday at 12:30 GMT. Click Here: Economic Calendar Overview 19/07 XAU/USD short-term forecast On
Yesterday, the USD/JPY currency pair jumped to the psychological level at 108.70.During Friday's morning, the pair was trading at the given level. It is likely, that bulls could continue to prevail in market. US Advance GDP data release on focus This week will end with the US Advance GDP data release on Friday at 12:30 GMT. Last data release caused a 23-pip