The EUR/USD dropped to the 1.1210 level at the end of the previous week. On Monday morning, the currency exchange rate was trading at the monthly S1 located at the 1.1220 mark. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the US Retail Sales data release on Tuesday at 12:30 GMT. The EUR/USD exchange currency rate lost
Gold has reached a new high level. The 1,450.00 mark has been pierced. In general, most technical levels have been left behind. The metal's price faces only monthly pivot points. Next one on Friday morning was located at the 1,464.00 level. Moreover, the August 2013 high level has been pierced. Next historical level is the May 2013 level at 1,488.40. Economic Calendar Analysis
The US Federal Reserve announced on Thursday another confirmation that most likely an interest rate cut will be done in the near future. This event caused a drop of the USD/JPY, which pierced our descending channel pattern that was capturing the decline of July. On Friday morning, the currency exchange rate was recovering and aiming to reach back up to the
On Friday morning, the GBP/USD traded at the 1.2540 level. The rate had made failed attempts to pass the resistance of the 1.2560 level. In general, the rate was expected to resume its surge after it consolidates after the sharp surge that was caused by the Federal Reserve hinting rate hikes on Thursday. Latest Fundamental Event Report The British Pound appreciated against
The EUR/USD has surged up to the 1.1280 level during Thursday's trading session. The move occurred with high volatility, as immediately afterwards the rate plummeted back down to support levels at 1.1240. On Friday morning, the currency exchange rate was trading near the 1.1260 level. In general, the rate was expected to resume its surge, as it had no technical resistance
The support found in the 1,400.00 level was enough to cause a surge up to the 1,430.00 level. On Thursday, the yellow metal's price was declining after touching the 1,430.00 mark. By the middle of the day's London trading session, the commodity price was finding support in the 1,420.00 level. Economic Calendar Analysis Gold this week was affected only by one macroeconomic data
The USD/JPY has dropped down below the 107.80 level. The rate passed all of the hourly simple moving averages during the move. In general, the rate is expected to continue to decline. Moreover, a new descending channel pattern has been added to the hourly candle chart. No more data this week The USD/JPY this week was affected only by one macroeconomic data release.
On Thursday, the GBP/USD surged up to the 1.2490 level in a sharp move that occurred as soon as the resistance of the 55-hour simple moving average was passed. At the 1.2490 level the rate was stopped by the combination of the 100 and 200-hour simple moving averages and a weekly pivot point. Latest Fundamental Event Report The British Pound traded depreciated
The recovery that started after the bounce off from the 1.1200 level continued on Thursday, as the rate reached the 1.1244 level during the morning hours. In general, the rate was expected to test the 100-hour simple moving average at 1.1244 and a monthly pivot point at 1.1250. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the
The yellow metal's price has declined below the hourly simple moving averages. Moreover, on Wednesday, gold almost touched the 1,400.00 level, as it was outlaid in the hourly chart's analysis second scenario on Tuesday. Economic Calendar Analysis Gold this week was affected only by one macroeconomic data release. Namely, the US Retail Sales and Core Retail Sales that were published on
The USD/JPY has ended trading sideways above the 107.80 level. The pair did it by surging above the resistance of the 55 and 100-hour simple moving averages in a sharp move. By the middle of Wednesday's trading session the exchange rate was fluctuating above the 108.20 level, located between the weekly pivot point and the 200-hour simple moving average. Latest Fundamental Event
By the middle of Wednesday's trading, the decline of the GBP/USD had touched the low level of 1.2382. If one zooms out the hourly chart and loads previous price information for exact referencing of trend line, it can be seen that the rate met with a strong support cluster. The support cluster is made up of a dominant pattern's lower trend
The decline of the EUR/USD extended, as it was expected. On Wednesday morning, the EUR/USD touched the 1.1200 level. The rate's decline was stopped by the psychological support of the 1.1200 level and the 38.20% Fibonacci retracement level, which was located at that level. In regards to the near term future, the rate was set to test the resistance of a monthly
On Tuesday, the yellow metal continued to trade in the previous day's trading range. The metal could be observed to be kept up by the technical support of the 55, 100 and 200-hour simple moving averages. Economic Calendar Analysis Gold prices this week can be affected by one data release. US Retail Sales will be published on Tuesday at 12:30 GMT. For more
On Tuesday, the USD/JPY remained above the support levels near 107.80. In general, the rate was expected to be squeezed in between the mentioned support level and the resistance of the 55 and 100-hour simple moving averages. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic and
Due to fundamentals, the GBP/USD plummeted on Tuesday. Although, the decline occurred in the aftermath of the rate passing most technical support levels. By the time of publication the GBP/USD rate had reached the 1.2420 level. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic and
On Tuesday, the EUR/USD plummeted, as soon as the 100-hour simple moving average's technical support was passed. By the middle of the day's London trading hours, the currency exchange rate had reached down to 1.1230 and was expected to continue to decline.Meanwhile, note that 72% of open position volume on the Swiss Foreign Exchange was in short positions. Dukascopy traders profited
The hourly simple moving averages managed to hold last week and caused a surge late on Friday. Although, the surge was stopped by the psychological resistance of the 1,420.00 level. In general, this level was expected to be tested again. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into
USD/JPY was trading above the 107.80 level since the middle of Friday's London trading session. It was expected that the rate will continue its decline as soon as the hourly simple moving averages approach it from above. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic
The squeeze between the 55 and 200-hour SMAs resulted in a break out to the upside. The surge reached the 1.2580 level before the rate retraced back down. On Monday, the GBP/USD had found support near 1.2550 and was expected to surge. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data, where the US policymakers provide in-depth
On Monday, the EUR/USD was expected to reach the 1.1300 level, as it had no technical or psychological resistance as high as this level. Although, note that the move is expected to occur gradually, as the pair has only the technical support of the 55-hour simple moving average. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar, following
On Friday, gold remained near previous day's trading levels, as its decline was stopped by the 55, 100 and 200-hour simple moving averages near the 1,405.00 level. In general, the SMAs were expected to push the metal's price up. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic
A surge up to the 108.60 level occurred on Thursday. It was followed by a decline back down to the 200-hour simple moving average, which was located at 108.28. In general, the rate was about to get squeezed in between the 55 and 200-hour simple moving averages. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data , where
The GBP/USD has broken the previously active descending channel pattern. The event resulted in a test of the 1.2570 level, which managed to hold and cause a decline. By the middle of Friday's trading session, the GBP/USD was about to get squeezed in between the 55 and 200-hour simple moving averages near the 1.2530 level. Latest Fundamental Event Report The Federal Reserve