The price for gold has continued the decline form the 1,950.00 zone. By the middle of Tuesday's US trading hours, the pair had reached the 1,910.00 mark. In the meantime, it was spotted that the recent decline is occurring in a channel down pattern. The lower trend line of the pattern, crosses the 1,910.00 level and provides additional support. Economic Calendar Analysis On
The USD/JPY currency exchange rate was steeply rising since March 14 in a channel up pattern. On Tuesday, the pattern was broken to the upside. By the middle of the day's trading, the pair had already reached the 121.00 mark, which acted as resistance. Meanwhile, a minor retracement appeared to have found support in the 120.50 mark. Economic Calendar On Thursday, at
Since the Bank of England hiked interest rates on Thursday, the GBP/USD has been trading almost sideways between a resistance zone at 1.3195/1.3210 and the support at 1.3110/1.3125. At mid-day on Tuesday, the pair broke the resistance zone and surged above the 1.3250 mark and the weekly R1 simple pivot point at 1.3248. Moreover, the passed levels appeared to have started
This week, the EUR/USD currency exchange rate mostly ignored the support and resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point. Mainly, the various technical levels manage to hold out for up to five hours, before failing. At mid-day on Tuesday, the pair was located near the 1.1040 mark. Meanwhile, the mentioned technical levels
The recovery of the Gold price made attempts to pass the 1,947.40/1,951.80 zone and failed. During the first half of Friday's GMT trading hours, the commodity declined and found support in the 50-hour simple moving average and the 1,930.00 mark. In the meantime, the 100-hour simple moving average approached the rate, acted as resistance for four hours, before passing below the
On Thursday, the USD/JPY currency exchange rate found enough support in the zone at 118.35/118.45 to start a sharp surge. By the middle of Friday's trading the pair had reached once again above the weekly R2 simple pivot point at 119.04 and the 119.00 mark. Economic Calendar On Thursday, at 12:30 GMT, the US Durable Goods Orders, Core Durable Goods Orders and
In the aftermath of the Bank of England rate hike, the GBP/USD currency exchange rate eventually recovered. However, it was spotted on Friday that the recent high levels of the pair form a resistance line. Economic Calendar On Wednesday, the week's notable events will start at 07:00 GMT, as the UK Consumer Price Index is set to be published. On Thursday, at 12:30
The EUR/USD managed to pass the resistance of the March high levels at 1.1100/1.1120 during late Thursday's trading hours. However, the passing of the high levels was immediately followed by a steep decline. By the middle of Friday's trading, the pair had already reached the 1.1020 level. Economic Calendar Analysis On Thursday morning, at 08:30 GMT the German Markit Purchasing Managers Index
The support of the 1,900.00 was pierced by gold during the initial US Federal Reserve rate hike. However, afterwards, the head of the central bank Jerome Powell started to comments on the economy and monetary policy, which caused a drop of the US Dollar. On the gold price charts it appeared as a jump to the 1,930.00 level and the breaking
The USD/JPY currency exchange rate was reaching above the 119.00 mark, as the US Federal Reserve Chairman Jerome Powell talked at a press conference and caused a drop of the USD. On the charts it resulted in a decline back to the 118.60 level. However, the pair made another attempt at passing the 119.00 mark, which failed. On Thursday, the pair
At 12:00 GMT on Thursday, March 17, the Bank of England hiked its Official Bank Rate by 0.25%, increasing rates to 0.75%. The bank also published its Monetary Policy Summary. The GBP/USD currency exchange rate reacted by plummeting in ten minutes by more than 100 base points or 0.80%. The drop eventually paused at the 1.3100 mark, which is surrounded by
In the aftermath of the speech made by Jerome Powell about the US monetary policy on Wednesday, the value of the US Dollar declined. On the EUR/USD charts, the event resulted in a surge. By the middle of Thursday's trading hours, the pair had reached and shortly traded above the 1.1050 mark. Click on the title below to read more on
During the first half of March, the asking price of the DUK+/EUR spiked up to the 1.9500 level during a period of two trading sessions on March 5 and 6. Afterwards, a decline started, which by the middle of the month had shortly reached below the 1.6000 mark. Meanwhile, the bid price for the cryptocurrency was highly volatile in the 1.2520/1.5900
At GMT timezone midnight to Tuesday, the price for gold declined below the support zone near 1,950.00. By the middle of the day's trading, the commodity had reached below 1,920.00. Take into account that this week, the moves in the financial markets are fundamental, as everyone is waiting for the Wednesday's US Federal Reserve rate hike. Economic Calendar Analysis On Wednesday, at
The surge of the US Dollar against the Japanese Yen has encountered resistance near the 118.50 mark. Namely, a narrow zone below the round exchange rate level appears to have had enough profit taking and going short that the pair reversed its direction. On Tuesday, the currency pair's decline found support in the 50-hour simple moving average near 117.80. Economic Calendar On Wednesday,
During the night to Tuesday, the GBP/USD currency rate reached the support of the 1.3000 mark and a recovery followed. By the middle of Tuesday's European trading hours, the pair had recovered and almost reached the resistance zone at 1.3082/1.3102. Take into account that the zone was strengthened by the 100-hour simple moving average near 1.3085 and the weekly simple
The recovery of the Euro against the USD from the 1.0900 mark has reached a new high, as on Tuesday the pair reached above the 1.1000 mark. During the recovery, the pair passed the resistance of the weekly simple pivot point at 1.0947 and the 50, 100 and 200-hour simple moving averages in the 1.0950/1.0990 zone. Economic Calendar Analysis On Wednesday, at
At mid-day on Monday, the price for Gold declined to the support of the zone near 1,950.00. In the meantime, it was spotted that the commodity price was declining in a channel down pattern. However, take into account that this week, the moves in the financial markets are fundamental, as everyone is waiting for the Wednesday's US Federal Reserve rate hike. Economic
On the third attempt the USD/JPY broke the resistance of the 2022 high level zone at 116.20/116.35. The event was followed by a sharp move upwards. Up to the middle of Monday's trading, USD/JPY bulls were looking at profits, as the pair had reached the 118.00 mark. During the last couple of trading sessions, the pair only shortly paused at
On Monday, the GBP/USD currency pair reached a new low level during the early trading hours of the week by touching the 1.3010 level. However, the pair started a recovery, before reaching the 1.3000 mark. By the middle of the day's trading, the pair appeared to have recovered to the combined resistance of the 50-hour simple moving average at 1.3070
In the aftermath of the failed attempt to surge above the 1.1100 mark on Thursday, the EUR/USD began a decline. By the middle of Monday's trading, the rate had declined, found support in the 1.0900 level and recovered to the resistance of the 50, 100 and 200-hour simple moving averages near 1.0965/1.0975. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US
The price for gold has retraced downwards to the support zone at 1,975.00. On Thursday, the zone provided enough support for a recovery of the price to start, as the metal shortly reached above the 2,000.00 level. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Producer Price Index data will be out. Expect minor moves on USD charts. On Wednesday, at
Despite shortly returning to trade below the 115.70/115.80 zone, the USD/JPY has surged and reached a new high level. The pair has been pushed up by the support of the 50-hour simple moving average. Meanwhile, the resistance zone that surrounds the 116.30 mark has been adjusted, as it has been observed that the 116.20 level is acting as resistance. Economic Calendar On
During the late hours of Wednesday's trading, the GBP/USD currency exchange rate encountered resistance below the 1.3200 mark. The resistance was enough to cause a decline, which by 15:00 GMT had caused a decline below 1.3150. Economic Calendar The top events of the next week will be the US Federal Reserve Statement and the Bank of England's release of Monetary Policy Statement.