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This week, the GBP/JPY currency pair was finding resistance and bouncing off round exchange rate levels. Namely, the 161.50 and 162.00 levels were acting as resistance. In the meantime, support was being provided by the 160.08/160.43 zone. A move below the support zone could almost immediately encounter support in the 160.00 level. Further below, take into account the weekly S1
The decline of the AUD/USD has passed below the low level zone at 0.7030 and the 0.7000 mark. At midnight to Tuesday, the pair touched the 0.6915 level, which acted as support and caused a recovery. However, by the middle of the day's trading, the surge was stopped by the weekly S1 simple pivot point at 0.6978 and the 0.6980
This week, the EUR/JPY currency exchange rate managed to shortly reach above the 138.00 mark. However, the event was followed by a decline. Since the middle of Monday's trading hours, the rate has been finding support in a support zone at 137.05/137.12. If the pair declines below the 137.05/137.12 zone, the rate could look for support in the weekly S1
On Monday, the President of the Atlanta Federal Reserve Raphael Bostic stated that the Fed would hike interest rates by 0.50% during the next couple of meetings, before considering the need for further hikes.
This week, various companies announced that they are decreasing their 2022 profit forecasts, as inflation continues to increase costs.
On Monday, the President of the Minneapolis Federal Reserve Neel Kashkari stated that inflation might not decrease despite easing supply chains.
On Friday, gold bounced off the 1,890.00 mark and started a decline. During the second part of Monday's trading, the price had already reached below the 1,860.00 level. In the near term future, a continuation of the decline could look for support in the May low level zone at 1,850.60/1,854.50. Economic Calendar Analysis During the week, most attention will be put on
On Monday morning, the USD Dollar surged against the Yen above the high level zone at 131.00/131.25 and shortly touched the weekly R1 simple pivot point at 131.33. However, almost immediately after the event, the pair sharply declined. By 16:00 GMT, the currency pair had almost reached the combined support of the 130.00 level, the weekly simple pivot point at
Despite shortly reaching below the support zone of 1.2277/1.2325, the rate did not decline, as on Monday morning a recovery started. During the second half of the day's trading, the currency pair was fluctuating between the support of the 1.2300 mark and resistance at 1.2400. Economic Calendar During the week, most attention will be put on the US Consumer Price Index and
The resistance of the 1.0600 level was enough to cause a decline of the pair to the 1.0500 mark, which acted as support. During the second part of the day's European trading hours, the Euro traded near the 1.0550 level against the US Dollar. Economic Calendar Analysis During the week, most attention will be put on the US Consumer Price Index and
On Friday, gold bounced off the 1,890.00 mark and started a decline. During the second part of Monday's trading, the price had already reached below the 1,860.00 level. In the near term future, a continuation of the decline could look for support in the May low level zone at 1,850.60/1,854.50. If the price for gold declines below the 1,850.00 mark, the
On Monday morning, the USD Dollar surged against the Yen above the high level zone at 131.00/131.25 and shortly touched the weekly R1 simple pivot point at 131.33. However, almost immediately after the event, the pair sharply declined. By 16:00 GMT, the currency pair had almost reached the combined support of the 130.00 level, the weekly simple pivot point at
Despite shortly reaching below the support zone of 1.2277/1.2325, the rate did not decline, as on Monday morning a recovery started. During the second half of the day's trading, the currency pair was fluctuating between the support of the 1.2300 mark and resistance at 1.2400. If the rate declines below the 1.2300 mark, the pair could find support in the early
The resistance of the 1.0600 level was enough to cause a decline of the pair to the 1.0500 mark, which acted as support. During the second part of the day's European trading hours, the Euro traded near the 1.0550 level against the US Dollar. If the pair declines, the 1.0500 is expected to act as support, before the last week's
Richard Clarida and Randal Quarles, who up to January were high members of the Federal Reserve, have recently called for steeper Fed interest rate hikes.
At the start of the week's US trading, the USA Tech stock index reached a new low level by reaching below 12,400.00 and touching the 12,350.00 mark.
Reuters has revealed that Tesla intends to reach pre-lockdown output in Shanghai by the middle of May.
On May 9, the price for Bitcoin reached a new 2022 low level, as the 33,000.00 mark and the previous January low were passed.
In the aftermath of a labour union meeting with US President Joe Biden, Starbucks has requested equal time with the President to address the issues that were pressed by the unions.
On Friday, the Federal Reserve of Minneapolis President Neel Kashkari stated that the Fed would have to hike interest rates aggressively, if supply chain problems do not decrease.
Data released by the US Labor Department on Friday revealed to the world that additional 363,000 people had left the labour market by no longer claiming unemployment and not finding employment.
The US Average Hourly Earnings month-on-month change disappointed by coming in at 0.3%, compared to the forecast of 0.4%. US Unemployment Rate was revealed to be by 0.1% higher than forecast due to it being at 3.6% instead of 3.5%. Meanwhile, the Non-Farm Employment Change revealed that in April 428,000 people found jobs, instead of the consensus 390,000.
Various stock indices ended the week with a decline, as an asset sell off resumed, despite Wednesday's rebound.
The resistance of the 1,910.00 mark was enough to force the yellow metal's price into a decline, which shortly pierced the 1,870.00 level, before starting a recovery. However, by late Friday's trading hours, the price did not manage to reach not only above the 1,900.00 mark, but also the 1,895.00 level. Economic Calendar Analysis During the week, most attention will be put