The price for gold is apparently waiting for the US Federal Reserve Rate hike, which is scheduled for Wednesday's 18:00 GMT. Namely, the metal has been trading between the resistance of the 1,680.00 level and the support of 1,655.00/1,660.00 since Friday. On Tuesday morning, the pair had once again bounced off the resistance of the 1,680.00 level. Economic Calendar Analysis This week,
The USD/JPY has bounced off the resistance zone at 143.65/143.80 and declined to the support at 143.00. Meanwhile, the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point have had no impact on the rate. In general, previously described scenarios have remained relevant. Economic Calendar This week, the top event of them all is scheduled for Wednesday. At
With the start of Tuesday's GMT trading hours, the GBP/USD pierced the resistance zone at 1.1440/1.1450. However, a surge did not follow, as resistance was found in the 100-hour simple moving average. Meanwhile, the rate was observed to be finding support in the 50-hour simple moving average. Economic Calendar This week, the top event of them all is scheduled for Wednesday. At
On Tuesday morning, the EUR/USD currency exchange rate's recovery reached the 1.0050 mark, which acted as resistance. Meanwhile, the pair did not touch the resistance of the weekly simple pivot point. Economic Calendar Analysis This week, the top event of them all is scheduled for Wednesday. At 18:00 GMT, the US Federal Reserve is set to announce its Federal Funds Rate and
In the aftermath of the US CPI release, the price for Gold plummeted and reached the 1,655.00 level, which acted as support. Afterwards, a recovery to the resistance of the 1,680.00 level followed. On Monday, the price traded near the support of the 1,660.00 level and the resistance of the 50-hour simple moving average near 1,667.00. Economic Calendar Analysis This week, the
In the aftermath of the US CPI release, the USD/JPY bounced off the resistance of the 145.00 level and declined. Since September 14, the rate has been trading around the 143.00 level. Resistance is provided by the 143.65/143.80 zone and support is found at 142.55/142.65. Economic Calendar This week, the top event of them all is scheduled for Wednesday. At 18:00 GMT,
Last week, the GBP/USD was testing the resistance zone at 1.1715/1.1760, as the US consumer price index data revealed that the US Federal Reserve is highly likely to be more hawkish on their policy and increase the value of the USD. By Monday, September 19, the rate had reached and was finding support in the 1.1350 level. Meanwhile, 1.1450 level
Since the EUR/USD reacted to the US Consumer Price Index release, the pair has been fluctuating around the 1.0000 mark. Support is being provided by the 0.9950 level and resistance is found at 1.0015 and 1.0030. Economic Calendar Analysis This week, the top event of them all is scheduled for Wednesday. At 18:00 GMT, the US Federal Reserve is set to announce
The price for gold remains in the range near the 1,720.00 level. On Monday morning, the pair bounced off the support of the 100 and 200-hour simple moving averages and started a surge. Prior to the event, the commodity price broke the support of the ascending channel pattern, which guided the last week's recovery. Economic Calendar Analysis On Tuesday, the US Consumer
This week, the USD/JPY remained above the 140.00 mark, as support was found at 141.50. By the start of Monday's European trading hours, the pair had touched the 143.50 level. Economic Calendar On Tuesday, the US Consumer Price Index and Core Price Index are set to impact the markets through the US Dollar's value adjusting to US rate hike expectations. Namely, too
The recovery of the Pound of the US Dollar continues. On Monday, the pair reached the 1.1700 level and the weekly R1 simple pivot point. Economic Calendar On Tuesday, the US Consumer Price Index and Core Price Index are set to impact the markets through the US Dollar's value adjusting to US rate hike expectations. Namely, too high inflation is set to
The EUR/USD has continued to surge, as the markets still take in information that the ECB is set to reduce the supply of the Euro more than expected. In addition, on Monday morning the US Dollar plummeted against all other assets, which boosted the pair's rally. Economic Calendar Analysis On Tuesday, the US Consumer Price Index and Core Price Index are set
The price for gold has been highly volatile, as it plummeted at mid-day on Thursday due to the ECB rate hike. However, the price found support in the 1,705.00 level and started a recovery. By the middle of Friday's European trading hours, the commodity price had reached the 1,730.00 level. Economic Calendar Analysis On Tuesday, the US Consumer Price Index and Core
The retracement back down by the USD/JPY rate was reaching the 142.00 level on Friday morning. The pair had been declining since encountering resistance in the 145.00 mark. Economic Calendar On Tuesday, the US Consumer Price Index and Core Price Index are set to impact the markets through the US Dollar's value adjusting to US rate hike expectations. Namely, too high inflation
On Friday, the strength of the US Dollar declined against all other assets. As a result, on the GBP/USD charts a surge up to the 1.1650 occurred. Economic Calendar On Monday, at 06:00 GMT, the GBP/USD pair is set to react to the publication of the monthly UK GDP data. On Tuesday, the US Consumer Price Index and Core Price Index are
The EUR/USD currency pair has breached the August high level zone at 1.0080/1.0090 and the 1.0100 mark. The surge of the Euro was caused by the European Central Bank hiking interest rates by 0.75% and committing to future hikes. Economic Calendar Analysis On Tuesday, the US Consumer Price Index and Core Price Index are set to impact the markets through the US
During the first part of August, the asking price of Dukascoin was flat at 1.4900. However, by the end of the month, liquidity returned and the pair's asking price reached up to the 1.5200 level. Meanwhile, the bid price has remained highly volatile, as it has been fluctuating between the 1.3500 and 1.5100 levels. However, during most of the time the
The support of the 1,688.65/1,692.90 zone was enough to cause a surge of the commodity price to the 1,720.00 mark. During Thursday's European morning hours, the price was piercing the round price level. Economic Calendar Analysis This week, notable scheduled events are over. Next week's review is set to be done on Friday. XAU/USD short-term forecast A move of the price higher might
The 145.00 mark has provided enough resistance for the USD/JPY to start a retracement downwards. By the start of Thursday's European trading hours, the currency pair had reached the 143.50 level and the 50-hour simple moving average. Economic Calendar This week's notable events are over. Hourly Chart A move below 143.50 could look for support in the 143.00 level and the weekly R2
On Wednesday, the Pound almost reached the 1.1400 mark against the US Dollar. In general, the GBP/USD pair has not been this low since March 2020. However, the combined support of the weekly S1 simple pivot point at 1.1411 and the 1.1400 mark was enough to cause a retracement back up. During the early hours of Thursday's European trading, the pair
The 0.9865/0.9875 zone was enough to cause a recovery of the Euro against the US Dollar. The surge eventually reached above the 1.0000 mark. On Thursday morning, the pair was finding support in the weekly simple pivot point at 0.9980. Economic Calendar Analysis On Thursday, the European Central Bank is scheduled to make a rate announcement at 12:15 GMT. The market consensus
The price for gold has once again retreated below the 1,700.00 mark. Meanwhile, by the middle of Wednesday's trading, it was spotted that support is being found in the 1,688.65/1,692.90 zone. However, resistance appeared to be provided by the 50 and 100-hour simple moving averages. Economic Calendar Analysis This week, notable scheduled events are over. Next week's review is set to be
The surge of the US Dollar against the Japanese Yen has escalated. Namely, the pair has broken the channel up pattern to the upside and by mid-Wednesday the rate was already at 145.00. Economic Calendar This week's notable events are over. Hourly Chart A continuation of the surge could encounter resistance only in round levels. The pair has broken all known technical resistance. On
At mid-day on Wednesday, the GBP/USD currency pair reached below the 1.1450 level and approached the support of the weekly S1 simple pivot point at 1.1411. Economic Calendar This week, notable events are over. However, take into account that next week, already on Monday the UK GDP will be published at 06:00 GMT. GBP/USD short-term view A move below the weekly S1 at 1.1411