Further movement in EUR/USD could signal a continuation of the trend for 2025. A strong dollar and uncertainty could push the FX pair towards the 0.9600 level in the long term if both fundamental and technical data support it. Economic Calendar Analysis Although this week is filled with data releases, starting with core PPI on Monday and ending with jobless claims on
In general, the price of gold has been consolidating around 2640.00 price range. Since the end of October gold has been trading within 2580.000 to 2785.000 range. Economic Calendar Analysis This week, the market might move due to multiple releases of economical data in the United States. Wednesday and Thursday should provide more information regarding monetary policy from the FED meeting minutes and
USD/JPY has seen been trading sideways previous week without significant moment pushing the price towards 160.000. Economic Calendar Volatility should be expected, Fundamental data from the United States could bring higher price moves to USD/JPY this week. USD/JPY hourly chart analysis Currently, the price is trading below 157.750. This price level can be considered a significant resistance, as it has not been broken since
GBP/USD has seen a slight recovery from 1.23680 to 1.24700, with room to continue further price discovery to the upside. Economic Calendar Elevated levels of volatility could be expected this week for GBP/USD, as this week is filled economical data releases from the United States. GBP/USD hourly chart analysis The FX pair has seen a recovery towards 1.25080 and is looking for forward
The EUR/USD is looking for momentum and aiming for significantly higher price levels in the near term, considering the upcoming economic data releases this week. The trading bias should be established within this week. Economic Calendar Analysis When making market assessments this week, volatility levels should be considered elevated. Starting on Tuesday with the EU unemployment rate, and continuing through the week
Previous holiday trading week helped continuation of price consolidation for the price of gold. Economic Calendar Analysis No significant impact from macroeconomic data is expected in relation to gold. XAU/USD short-term forecast The previous week's trading activity considered quite low, thus no significant price moves occurred. Hourly Chart XAU/USD daily charts review On the daily candlestick charts, gold is trading within a descending triangle.
USD/JPY has seen a steady increase towards 157.000 during the holiday-packed trading week, moving closer to the 160.000 price level. Economic Calendar Fundamental data from the United States could bring higher price moves to USD/JPY this week. Jobless claim and Manufacturing PMI are the only significant fundamentals this week which would possibly have any impact on the FX rate. USD/JPY hourly chart
Holidays have brought calmness to the currency markets, and GBP/USD was no exception. No significant price moves occurred during the previous week. Economic Calendar Moderate levels of volatility could be expected this week for GBP/USD, as both the UK and the United States are releasing Manufacturing PMI data. GBP/USD hourly chart analysis The currency pair has been trading within a range from 1.25080
After a slow holiday-filled trading week, the EUR/USD currency pair has recovered above the 1.04140 price level. Price consolidation during the holiday-shortened week was expected due to fewer market participants. FX pair has recovered, the 50-hour and 100-hour simple moving averages are below 1.04330. Economic Calendar Analysis This week, macro data could bring moderate volatility, as traders actively position themselves for 2025. The
The previous week's gold price was impacted by the Federal Reserve's interest rate cut, which provided enough momentum to push the price closer to 2584.00, before recovering above 2620.00. Economic Calendar Analysis No significant impact from macroeconomic data is expected in relation to gold. XAU/USD short-term forecast The previous week's short-term downside volatility, driven by the fundamental news of the Fed's rate
Increased volatility and macro economical data from U.S. and Japan were reasons for forward momentum to continue and raise USD/JPY above 155.000 price level. Economic Calendar No significant volatility is expected, considering that medium-impact fundamental data are being presented to the global market. USD/JPY hourly chart analysis The previous week saw significant momentum to the upside, with the currency pair reaching above the
The Federal Reserve's decision to cut interest rates on its native currency has had a significant impact on GBP/USD. The rate decreased from the 1.27000 price level to 1.25000 before recovering above 1.25500. Economic Calendar No significant volatility is expected this week, considering the low number of macroeconomic data coming out of both the UK and the United States. GBP/USD hourly chart analysis
After a slight pause in downward pressure, EUR/USD continued to drop, reaching a price level of 1.0345, driven by uncertainty surrounding the EU's economic outlook and the Fed's decision to cut interest rates. Although the FX pair has recovered, the 50-hour and 100-hour simple moving averages are below 1.04330, which could be considered a signal for consolidation, provided no significant fundamental
The previous week saw higher-than-expected volatility in gold. Price consolidation has been a theme for gold over the last few weeks. 2025 could bring new uncertainty, which may impact the price of gold positively. Economic Calendar Analysis The Fed's interest rate decision should be important for the outlook on monetary policy, helping to assess potential risks in the market and possibly
Continued elevated levels of volatility have been a feature of the second half of the 2024 calendar year for USD/JPY. This volatility has created opportunities in the FX trading pair. Economic Calendar The week should be considered as highly volatile considering the fact that both monetary policy planners on both currencies will have presented a statement regarding currency interest rates. The Merchandise Trade
Previous week saw resistance of 1.27700 having significant influence on the further price move, creating price pressure to the downside, lowering currency pair price towards 1.26200 price level. Economic Calendar This week should see a significant increase in volatility, as domestic data will be released regarding retail sales, the unemployment rate, CPI, and the BoE interest rate decision on the 19th of
The decline of the EUR/USD has stopped as the Dollar strengthened throughout the week. The 1.0500 mark was reached and acted as support. Sideways trading has been ongoing for quite some time. In the meantime, the 50-hour and 100-hour simple moving averages are within the previous week's FX rate range, thus creating a higher probability scenario for a reversal if market
Compared to its year-to-date performance, gold underperformed in the previous week, with no significant price movement. Although inflows into gold investment products continued, there was no notable price movement during the week. Economic Calendar Analysis No significant price movements are expected this week from macroeconomic data releases. XAU/USD short-term forecast In the short term, gold continues to trade sideways within a range of
Elevated levels of volatility have been a feature of the second half of the calendar year 2024 for USD/JPY. However, the previous week has been relatively calm, considering the US dollar's dominance in the broader market. Economic Calendar The week will be calm. There are no events that could impact the rate up to Friday. The only fundamental data that could impact
Although the previous week saw some volatility in the GBP/USD currency pair, it helped the pair gain momentum and steadily rise above the 1.27000 level. Further confirmation of the overall trend should occur in the upcoming weeks, provided there are no sudden global changes. Economic Calendar This week, the Office for National Statistics in the UK will report month-on-month changes in the
The decline of the EUR/USD has stopped, as the Dollar strengthened throughout the week. The 1.0500 mark was reached that acted as support. In the meantime, the 50 and 100-hour simple moving are within previous weeks fx rate range, thus creating a higher probability scenario of a reversal if there would be market parameters that would allow such condition. Economic Calendar
Although gold has seen short term volatility since the world braces for presidency of Donald J. Trump, year to date, gold has seen price raise of over 30%. Not only as a portfolio hedge to uncertainty but as a trading instrument as well, gold has been useful to seek outsized returns, this year if properly applied. Economic Calendar Analysis The week could
Since its November high, USD/JPY has dropped more than 5%, with just three bullish candles in the last 12 sessions, hinting that the downtrend may be close to reversing. Bullish signals are also showing on both the daily and 4-hour RSIs in the oversold zone. Economic Calendar Next week should not bring any unexpected volatility, considering that the importance of economic events
The decline of the EUR/USD has stopped, as the Dollar strengthened throughout the week. The 1.0500 mark was reached that acted as support. Upcoming week will test 1.0500 level In the meantime, the 50 and 100-hour simple moving averages are significantly higher than the current currency pair rate, thus creating a higher probability scenario of a reversal if there would be