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The 1.0000 mark provided enough resistance to cause a decline of the EUR/USD. During the second part of Wednesday's trading, the currency pair found support in the combination of the 100-hour simple moving average and the 0.9850 level. The support was enough to cause a move upwards. On Thursday morning, the pair was testing the resistance of the weekly R1 at
The decline of gold's price on Wednesday was finding support in the 50-hour simple moving average near 1,705.00. However, the SMA eventually failed and a short lived decline occurred, as the commodity immediately reversed at the 1,700.00 level. By the middle of Thursday's trading, the price recovery was heading to the September highs near 1,730.00. The 1,730.00 level acted as
The recovery of the US Dollar against the Japanese Yen appears to have encountered resistance in the 144.80 level. After the encounter, the pair retraced and found support near 144.40. In the meantime, it appeared that the 50 and 200-hour simple moving averages had resumed to have an impact on the pair. A resumption of the US Dollar's surge against the
The decline of the Pound against the US Dollar eventually found support in the 1.1250 level and the 100-hour simple moving average. The combination was enough to cause a surge, which on Thursday morning encountered resistance in the 50-hour SMA near 1.1380. Meanwhile, the 100-hour SMA had approached the 1.1300 mark. In the near term future, the currency pair was expected
The 1.0000 mark provided enough resistance to cause a decline of the EUR/USD. During the second part of Wednesday's trading, the currency pair found support in the combination of the 100-hour simple moving average and the 0.9850 level. The support was enough to cause a move upwards. On Thursday morning, the pair was testing the resistance of the weekly
In August, due to strong demand in China and the United States the exports of Germany increased more than expected, as a monthly growth of 1.6% occurred.
The Bank of America has announced that it would invest $100 million in banks that focus on serving minority communities.
The employee unions of the oldest bank in the world Monte dei Paschi di Siena have announced that 4,125 workers of the bank would leave the bank. The bank intends to issue new shares valued at up to 2.5 billion to fund nearly 4,000 early retirement payments.
The US tech stock index has reached below the June low level, as it traded at 10,860.00 at the start of October. However, the reaching of a new low level was followed by a recovery. An extension of the ongoing recovery is expected to encounter resistance in the mid-September support and resistance zone that surrounds the 12,000.00 mark. Higher above,
During late September trading, the German top 40 stock index reached below the 12,000.00 mark. However, on the first day of October trading a sharp recovery occurred. By October 5, the equity index had reached the August low levels near 12,600.00/12,650.00. An extension of the stock recovery could encounter resistance in the 50-day simple moving average near 12,950.00 and
The decline of the US Dollar against the Canadian Dollar eventually found support. The 1.3500 mark managed to hold and cause a recovery of the USD/CAD. By the middle of Wednesday's trading, the currency pair had reached the combined resistance of the 1.3600 level and the 50-hour simple moving average. A move above the 1.3600 level is expected to encounter resistance
The 165.20/165.75 zone has been observed to have acted as resistance to the ongoing Pound's surge against the Japanese Yen. The resistance was strong enough to cause a decline. By the middle of Wednesday's trading, the pair had reached below the 50-hour simple moving average and the 164.00 level. An extension of the ongoing decline could find support in the 100-hour
The 0.6450 level has revealed to be acting as support to the AUD/USD currency exchange rate. Meanwhile, resistance is found in the 0.6520 level. Moreover, note that the 50, 100 and 200-hour simple moving averages and the weekly R1 simple pivot point are being ignored by the rate. A move below 0.6450 could pause at the weekly simple pivot point at
The surge of the Euro against the Japanese Yen has encountered resistance in a zone just above the 144.00 mark. On Wednesday morning, the resistance was enough to cause a decline. By the middle of the day's trading, the pair appeared to be heading to the 143.00 level. The rate's decline is expected to look for support in the 143.00
The Governor of Banque de France Francois Villeroy de Galhau, who is a policymaker at the European Central Bank, has just stated that the ECB would raise rates until core inflation declines. The governor stated that the 4.8% core inflation in the Euro Zone was too high and too broad.
On Tuesday afternoon, the price for gold broke the upper trend line of the channel up pattern and reached the September high levels near 1,730.00. The 1,730.00 level acted as resistance and caused a price decline. Economic Calendar Analysis On Wednesday, the US ISM Services PMI is likely going to cause USD moves. The Monday's Manufacturing PMI caused a broad decline of
The USD/JPY extended its decline on Tuesday and by midnight to Wednesday the pair almost reached the 143.50 level, before a recovery started. By the middle of Wednesday's trading, the pair had reached the combined resistance of the 144.50 level and the 50 and 100-hour simple moving averages, which appeared to have resumed to have an impact. Economic Calendar On Wednesday, the
The GBP/USD surge extended, as the UK government announced that it would not do its fiscal stimulus, as it was previously announced. The news strengthened the Pound's value. At mid-day on Tuesday, the pair broke the upper trend line of the channel up pattern, the 1.1450 level and the weekly R1 simple pivot point at 1.1483. Economic Calendar On Wednesday, the US
During late Tuesday's trading a broad decline of the US Dollar occurred. On the EUR/USD charts it resulted in the pair breaking one resistance after another until the 1.0000 mark was reached. The 1.0000 level acted as resistance and caused sideways trading in the 0.9950/1.0000 range. Economic Calendar Analysis On Wednesday, the US ISM Services PMI is likely going to cause USD
On Tuesday afternoon, the price for gold broke the upper trend line of the channel up pattern and reached the September high levels near 1,730.00. The 1,730.00 level acted as resistance and caused a price decline. An extension of the decline of the price for gold could look for support in the 1,700.00 mark and the 50-hour simple moving average.
The USD/JPY extended its decline on Tuesday and by midnight to Wednesday the pair almost reached the 143.50 level, before a recovery started. By the middle of Wednesday's trading, the pair had reached the combined resistance of the 144.50 level and the 50 and 100-hour simple moving averages, which appeared to have resumed to have an impact. A move above 144.50
This week, the Chief Executive Officers of Shell and Aramco stated that the current tight oil supply situation is not going to be easily reversed, despite high oil prices.
The GBP/USD surge extended, as the UK government announced that it would not do its fiscal stimulus, as it was previously announced. The news strengthened the Pound's value. At mid-day on Tuesday, the pair broke the upper trend line of the channel up pattern, the 1.1450 level and the weekly R1 simple pivot point at 1.1483. A move of the currency
During late Tuesday's trading a broad decline of the US Dollar occurred. On the EUR/USD charts it resulted in the pair breaking one resistance after another until the 1.0000 mark was reached. The 1.0000 level acted as resistance and caused sideways trading in the 0.9950/1.0000 range. A move above 1.0000 could encounter resistance in the combination of the weekly R2