In the aftermath of another intervention, the USD/JPY pair appears to be steadily declining. Namely, this week the US Dollar is experiencing a broad decline due to the markets expecting the US Federal Reserve to change its policy to be less restrictive. Economic Calendar On Thursday, the Euro will react to the European Central Bank's announcement of the Main Refinancing Rate and
The recovery of the Pound against the US Dollar continues on, as on Wednesday morning the rate reached above the 1.1600 mark. Economic Calendar On Thursday, the Euro will react to the European Central Bank's announcement of the Main Refinancing Rate and the follow up press conference. The publication of the rate and monetary policy statement is scheduled for 12:15 GMT. The
Since finding support in the 0.9700 level on Friday, the EUR/USD has been recovering. Most recently, the rate encountered resistance in the 1.0050 level and support was provided by the 1.0000 mark. Economic Calendar Analysis On Thursday, the Euro will react to the European Central Bank's announcement of the Main Refinancing Rate and the follow up press conference. The publication of the
At mid-day on Friday the price for gold suddenly surged and broke the channel down pattern to the upside. By the start of Monday's trading, the 1,670.00 level had been touched. The 1,670.00 acted as resistance and caused a decline. By mid-Monday, the price had almost reached the 50 and 100-hour simple moving averages near 1,640.00. Economic Calendar Analysis On Monday, look
The USD/JPY currency pair was testing the resistance of the 152.00 level, as it once again suddenly plummeted. The USD/JPY suddenly dropped on Friday evening and at the open of Monday's trading, as fundamental news had spread over the weekend. Economic Calendar On Monday, look out for the Markit Services and Manufacturing sector Purchasing managers Indices. The European release is set to
On Monday, the GBP/USD was facing the resistance of the 1.1400 level and the support of the 1.1300 level. Economic Calendar On Monday, look out for the Markit Services and Manufacturing sector Purchasing managers Indices. The European release is set to occur from 07:15 up to 08:00 GMT. The UK data will be out at 08:30 GMT. US results will be published
On Monday morning, the EUR/USD confirmed that the 0.9900 level can act as resistance, as the pair bounced off it. Economic Calendar Analysis On Monday, look out for the Markit Services and Manufacturing sector Purchasing managers Indices. The European release is set to occur from 07:15 up to 08:00 GMT. The UK data will be out at 08:30 GMT. US results will
The price for gold eventually encountered resistance in the combination of the 1,645.00 level, the 100-hour simple moving average and the upper trend line of a channel down pattern. The resistance forced the price into retreating down to the 1,615.00/1,622.00 zone. he support zone appeared to have caused another recovery. Economic Calendar Analysis On Monday, look out for the Markit Services and
The USD/JPY step by step approached the 150.50 level, which was reached and acted as resistance for two hours. Afterwards, the rate surged sharply and easily reached above the 151.00 mark. By the middle of the day's European trading, the rate had reached above 151.30. At the moment of writing, the rate appeared to be unstoppable. Economic Calendar On Monday, look out
As the UK Prime Minister resigned, the Pound initially surged and reached above 1.1300. However, the spike upwards was followed by a decline. By the middle of Friday's trading, the pair had almost reached the 1.1100 mark. Economic Calendar On Monday, look out for the Markit Services and Manufacturing sector Purchasing managers Indices. The European release is set to occur from 07:15
On Friday morning, the EUR/USD bounced off the 0.9800 mark and declined below the support of the 200-hour simple moving average near 0.9765. By the middle of the day, the rate was approaching the support of the weekly simple pivot point at 0.9719 and the 0.9708/0.9715 zone. Economic Calendar Analysis On Monday, look out for the Markit Services and Manufacturing sector Purchasing
The price for gold eventually found support above the 1,615.00/1,622.00 zone. The 1,625.00 level appears to have acted as support. During the first half of Thursday's trading, the price recovered back up to the 1,635.00 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor
On Thursday morning, the USD/JPY currency pair shortly reached above the 150.00 mark and the weekly R2 simple pivot point at 149.98. The 150.00 mark is a major benchmark for the pair and most financial news outlets are reporting on the event. Economic Calendar This week, there is only one notable scheduled event, which could impact the US Dollar and the financial
The decline of the Pound against the US Dollar has continued, as on Thursday morning the pair approached the 1.1150 level and the weekly simple pivot point at 1.1160. Economic Calendar This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal
On Thursday morning, the EUR/USD found support in the 200-hour simple moving average near 0.9755. The support was enough to cause a retracement to the combined resistance of the levels near 0.9800. Namely, the 0.9800 mark, the 100-hour SMA and the 50-hour SMA were located at 0.9795/0.9810. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact
On Wednesday, the price for gold passed below the 1,640.00 level's support. By the middle of the day, the pair had reached the 1,630.00 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve Manufacturing Index
Due to an unknown reason on Tuesday, the USD/JPY pair dipped down to 148.15. It could be possible that the Bank of Japan made another attempt to intervene in the forex market. However, an hour later the rate was back above 149.00. On Wednesday, the surge continued, as by mid-day the rate was at 149.75. Economic Calendar This week, there is only
The GBP/USD pair reached below the support of the channel up pattern, which afterwards turned into resistance. Once the pair approached the combined resistance of the 1.1350 level and the trend line, a decline started. At 06:00 GMT the decline increased due to the publication of the UK Consumer Price Index. It was revealed that year-on-year basis inflation in September
On Wednesday, the EUR/USD declined below the support levels near 0.9800 and reached the 0.9760 level. During the second part of the day the pair fluctuated between the 0.9760 and 0.9800 levels. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due
Despite attempting to recover at mid-day on Monday, the price for gold has returned to trade near the 1,650.00 level. On Tuesday morning, the pair attempted a recovery and failed due to the resistance of the 100-hour SMA and the 1,660.00 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the
The USD/JPY has reached not only above the 148.85 level, but also the 149.00 mark. Economic Calendar This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve Manufacturing Index release at 12:30 GMT. Hourly Chart On Tuesday morning, the pair
On Thursday, the GBP/USD currency pair reached above the 1.1400 mark and almost reached the 1.1450 level. However, before reaching the 1.1450 level, the GBP started a decline against the USD. During the early hours of Tuesday's trading, the pair as finding support in the 1.1300 level. Meanwhile, it was spotted that the rate has been surging in a channel
The EUR/USD broke the resistance of the 0.9800 level on Monday. By the middle of Tuesday's trading, a follow up surge had reached above the 0.9850 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve
The price for gold found support in the 1,640.00 level and the zone above it. On Monday, the price had recovered and reached above 1,650.00. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve Manufacturing Index