On April 14, the European Central Bank kept its base rates in the negative zone and revealed that it would end asset purchases only in the third quarter of 2022. The news indicate that the rampant inflation in the European Union is set to continue, and the value of the Euro is going to decline. The news caused a drop of
The recovery of the gold price gradually continues, as on Wednesday the price hit the 1,980.00 mark, which acted as resistance. Meanwhile, it was spotted that the previous resistance zone at 1,965.70/1,970.00 had acted as support. Economic Calendar Analysis On Thursday, 12:30 GMT, the US Retail Sales data and weekly Unemployment Claims are scheduled to impact the value of the US Dollar. Click
The surge of the USD/JPY continues on, as the Japanese Yen continues to extend broad losses. On Wednesday morning, the pair surged and shortly pierced the 126.15 level, where the weekly R2 simple pivot point was located at. Afterwards, a retracement down occurred, which revealed the precise lower border of the support and resistance zone at 125.63/125.76. Economic Calendar On Thursday, 12:30
On Wednesday morning, the GBP/USD currency pair shortly reached below the support zone at 1.2980/1.2989. Meanwhile, it appeared that the 1.3020 level and the 50-hour simple moving average acted as resistance. In addition, the 100-hour SMA was approaching from above. Economic Calendar On Thursday, 12:30 GMT, the US Retail Sales data and weekly Unemployment Claims are scheduled to impact the value of
The EUR/USD has passed below the support zone at 1.0840. However, the event did not result in a decline. It was observed throughout Wednesday that the pair was fluctuating in the 1.0815/1.0855 range without a clear future direction. Meanwhile, the 50 and 100-hour simple moving averages were approaching the currency pair from above. Economic Calendar Analysis On Thursday, at 11:45 GMT, the
At mid-day on Thursday, the yellow metal broke the resistance of the 1,970.00 mark. The event occurred due to the release of the US Consumer Price Index at 12:30 GMT. In the meantime, it was spotted that the rate was respecting the support of the 50-hour simple moving average near 1,950.00. Economic Calendar Analysis During the middle of Wednesday's trading, at 12:30
The USD/JPY was testing a resistance zone at 125.70/125.75, as the US Consumer Price Index data was published and caused a drop below the 125.00 mark. Afterwards, the pair recovered above 125.00. However, the pair encountered resistance in the weekly R1 simple pivot point at 125.22. Economic Calendar During the middle of Wednesday's trading, at 12:30 GMT, the US Producers Price Index
Since Monday, the currency pair has been trading between a support zone at 1.2980/1.2989 and resistance at 1.3045/1.3055. In the meantime, additional resistance had approached the rate in the form of the 50-hour simple moving average. At mid-day, the US Consumer Price Index release revealed that the US needs to tighten monetary policy, which caused a drop of the USD. The
The EUR/USD was declining from the resistance zone at 1.0940 and was approaching the 1.0860 level, as the US Consumer Price Index data was released at 12:30 GMT. The data revealed a 1.2% monthly inflation and signalled that the US Federal Reserve has to immediately tighten US Monetary Policy. The EUR/USD reacted to the news by surging up to the 1.0900
On Monday, the price for gold surged above the 1,950.00 mark and reached the 1,970.00 level. The 1,970.00 level acted as resistance and caused a retracement back down. By 15:00 GMT, the metal had returned to trade below the 1,950.00 level. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Consumer Price Index will reveal, how the US inflation has continued
In general, the Bank of Japan has revealed that the Japanese economy is doing bad. The news added new fuel to the already ongoing massive decline of the value of the Japanese Yen. On the USD/JPY charts the events resulted in a move above the 125.50 level. During the early hours of Monday's US trading hours, the pair was finding
Last week, the GBP/USD was finding constant support in the zone that surrounds the 1.3050 mark. On Friday, the rate plummeted below the 1.3050 level and even pierced the 1.3000 level. On Monday, the currency pair was trading between a support zone at 1.2980/1.2989 and resistance at 1.3045/1.3055. Economic Calendar On Tuesday, at 12:30 GMT, the US Consumer Price Index will reveal,
On Monday, the EUR/USD currency pair was testing the last week high level zone at 1.0925/1.0940. Economic Calendar Analysis The second week of April is set to be busy, as US Consumer and Producer Price Index data will be published. In addition, the central banks of New Zealand, Canada and Euro Zone are set to make rate statements. In regards to the EUR/USD,
On Thursday, the price for gold managed to break the combined resistance of the 50, 100 and 200-hour simple moving averages in the 1,925.00/1,928.00 range. Afterwards, the price made an attempt to approach the 1,940.00 mark, before retreating and confirming the combination of the three moving averages as support at 1,927.50. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Consumer
On Friday, the surge of the USD/JPY reached new high levels, as it gained support and reached above the 124.00 mark and the March 29 high level zone at 124.20/124.31. However, prior to the surge, the rate had initially bounced off the resistance zone and had to look for support in the trend line, which connects the March 31 and
On Friday, the GBP/USD passed below the support zone at 1.3050/1.3060 and the weekly S1 simple pivot point at 1.3043. At the time of writing at 13:00 GMT, the pair was heading to the 1.3000 mark. The 1.3000 level reversed the rate's decline in mid-March. Economic Calendar On Tuesday, at 12:30 GMT, the US Consumer Price Index will reveal, how the US
During the second half of Thursday's trading, the EUR/USD currency exchange rate eventually retreated below the support zone at 1.0875/1.0880. However, the event was not followed by a sharp decline. Economic Calendar Analysis The second week of April is set to be busy, as US Consumer and Producer Price Index data will be published. In addition, the central banks of New Zealand,
Since the middle of Wednesday's trading, the price for gold was kept down by the resistance of the 200-hour simple moving average, which was gradually declining. In the meantime, previous forecasts remained unchanged. Economic Calendar Analysis On Thursday, a minor USD move might be created by the publication of the weekly US Unemployment Claims data at 13:30 GMT. Click on the link below
Since early Wednesday's trading, the USD/JPY currency exchange rate has been trading between the 123.50 and 124.00 levels. However, on Thursday, the 50-hour simple moving average has caught up with the rate and might push the USD/JPY up. Economic Calendar On Thursday, a minor USD move might be created by the publication of the weekly US Unemployment Claims data at 13:30 GMT. Click
Since the middle of Tuesday's trading, the GBP/USD currency exchange rate remains in the range between the support zone at 1.3047/1.3057 and resistance at 1.3100/1.3109. Meanwhile, hourly simple moving averages were approaching from above. Economic Calendar On Thursday, a minor USD move might be created by the publication of the weekly US Unemployment Claims data at 13:30 GMT. Click on the link below
Since the start of Wednesday's trading, the EUR/USD has been fluctuating between a resistance zone at 1.0940 and support near 1.0880. However, at mid-day on Thursday, the 1.0880 mark was pierced, as the rate shortly traded below it. Meanwhile, it was observed that the 50-hour simple moving average had caught up with the pair from above and was acting as
Despite shortly breaking above 1,940.00 mark and touching the 1,945.00 level, the price for gold returned to trade in the previous range between the support zone at 1,916.70/1,921.65 and resistance at 1,940.00. However, during Wednesday's trading, the price was finding resistance in the 200-hour simple moving average above 1,930.00. Economic Calendar Analysis On Thursday, a minor USD move might be created by
The resistance of the 123.00 mark was passed at mid-day on Tuesday. By the start of Wednesday's trading, the currency pair had reached the 124.00 level. Afterwards, the USD/JPY pair fluctuated between the support of the 123.50 level and the resistance at 124.00. Economic Calendar On Thursday, a minor USD move might be created by the publication of the weekly US Unemployment
At 18:00 GMT on Wednesday, the US Federal Reserve released its Meeting Minutes, which revealed additional details on the world's top central bank's policy. In general, the central bank intends to decrease its balance sheet by $95 billion per month and some officials of the central bank have argued for a 0.50% or 1.00% percent rate hike. The release caused a