Gold reaches below 1,800.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The price for Gold has reached below the 1,800.00 mark. However, note that at mid-day on Thursday, the commodity price jumped to 1,825.00, before returning to the previous low levels near 1,805.00.

The move was caused by the publication of the US PCE inflation data, which the Fed uses for guidance. In addition, the decline of the price of gold was attributed to news that India increased import taxes for gold.

By the middle of Friday's European trading hours, the price for gold had reached the 1,790.00 level. In the near term future, the price could reach the May low level at 1,786.65.
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Mon, 04 Jul 2022 12:14:22 GMT

EUR/USD remains near previous levels

At mid-day on Friday, the EUR/USD shortly pierced the support zone at 1.0382/1.0385. However, a recovery followed the event. By the middle of Monday's trading, the pair had recovered to the 1.0450 level. If the Euro continues to surge against the US Dollar, the pair might encounter resistance in the weekly simple pivot point at 1.0469 and the 100-hour simple

Fri, 01 Jul 2022 10:22:45 GMT

USD/JPY decline reaches below 135.00

On Friday morning, the USD/JPY currency rate reached below the 135.00 level. Previously, the rate broke the channel up pattern and declined below the 100 and 200-hour simple moving averages and the weekly simple pivot point at 135.38. If the currency pair continues to decline, the 134.50 level might act as support, before the rate reaches the last week's low level

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