Since the middle of Monday's GMT trading hours, the yellow metal's price has been pushed up by the 55-hour simple moving average. However, the metal did not manage to reach above the previously touched 1,745.00 level. Economic Calendar Analysis On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change at 12:15 GMT and the ISM Non-manufacturing
On Tuesday, the USD/JPY jumped, as it almost reached the 108.50 mark. The surge was expected on Monday, when the rate broke the resistance of three SMAs and a pivot point. In theory, the rate should consolidate its gains by trading between the 50.00% Fibo at 108.35 and the pivot point at 108.51. Economic Calendar On Wednesday, June 3, two macroeconomic events
The GBP/USD did not bounce off the upper trend line of a channel up pattern. Instead, it broke the resistance. By the middle of Tuesday's GMT trading hours, the rate had reached above the 1.2550 level. Economic Calendar On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change at 12:15 GMT and the ISM Non-manufacturing
The EUR/USD managed to pass the resistance of the 1.1150 mark. The event occurred due to the support of the 55-hour SMA pushing the pair up. In regards to the near term future, the pair was expected to reach for the 1.1200 level. Economic Calendar Analysis On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change
On Monday, June 1, the DUK+/EUR exchange rate jumped to 1.5100. Moreover, it was not going to decline below this level, as a massive amount of buy orders was set at 1.5000. Daily Candle Chart On the technical chart it was spotted this week that the rate has begun to respect the resistance of the 100-day simple moving average. It provided
On Monday morning, the yellow metal's price continued to surge, as it reached for the 1,745.00 level. After touching the mentioned level, the rate retreated back to the support of the 1,730.00 level. At that level it met with the 200 and 55-hour simple moving averages. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic calendar. On Monday,
On Friday, the USD/JPY traded with high volatility, as it dropped below the 107.20 level and afterwards recovered to 107.80. In regards to the near term future, the pair had passed the resistance of hourly SMAs and a weekly pivot point at 107.64. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the
On Monday, the GBP/USD currency exchange rate was testing the resistance of a channel up pattern. In the meantime, the rate was supported by the 1.2380 level. Future forecasts were based upon, which of the two mentioned levels would get passed. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute
The EUR/USD is trading sideways, as it awaits the support of the hourly simple moving averages. The SMAs should signal that the pair is no longer overbought. In regards to the near term future, if the pair passes the 1.1150 mark, it could reach for the 1.1200 level. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic
Yesterday, the XAU/USD exchange rate consolidated in the 1,720.00 area. Given that the rate is still squeezed by 55- and 200-hour SMAs, it is likely that the rate could consolidate. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will release the US ISM Manufacturing PMI survey results
During Friday morning, the USD/JPY currency pair breached the short-term ascending channel south and dropped to the weekly S1 at 107.12. It is likely that the pair could consolidate near the given support in the short run. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will
The GBP/USD exchange rate continued to trade within the medium-term ascending channel. During today's morning, the rate touched the 1.2360 level. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will release the US ISM Manufacturing PMI survey results at 14:00 GMT. On Wednesday, June 3, two macroeconomic events
The EUR/USD currency pair breach the medium-term ascending channel north. It is likely that the pair could gain support from the weekly R2 and monthly R1 and trade upwards in the short run. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will release the US ISM Manufacturing
The XAU/USD exchange rate touched the 1,700.00 level and reversed north. Given that the rate is squeezed by 55- and 200-hour SMAs, it is likely that the rate could consolidate. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. Today, a group of various US data sets will be published at 12:30 GMT. 25.05-29.05 Event Historical Reactions XAU/USD
Yesterday, the USD/JPY currency pair reached the upper boundary of the short-term ascending channel. From a theoretical point of view, it is likely that some downside potential could prevail, as the pair should reach the lower channel line. Economic Calendar This week, there is one notable time to watch the economic calendar. Today, a group of various US data
The GBP/USD exchange rate revealed a medium-term ascending channel. From a theoretical perspective, it is likely that some upside potential could prevail in the market. Economic Calendar This week, there is one notable time to watch the economic calendar. Today, a group of various US data sets will be published at 12:30 GMT. Each one of these data sets on their own
The EUR/USD currency pair has revealed a medium-term ascending channel. The pair could gain support from the 55-hour SMA and trade upwards in the nearest future. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. Today, a group of various US data sets will be published at 12:30 GMT. Each one of these data sets on their
On Wednesday morning, the XAU/USD exchange rate declined below 1,710.00. It is likely that yellow metal could consolidate against the US Dollar in the short run. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. 25.05-29.05 Event Historical Reactions XAU/USD short-term forecast Yesterday, the
The USD/JPY currency pair revealed a short-term ascending channel. From a theoretical point of view, it is likely that some upside potential could prevail in the market. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each one of these data
During Wednesday morning, the GBP/USD exchange rate reversed north from the support from the weekly R1 and the monthly S1 at 1.2290. It is likely that some upside potential could prevail in the market. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be
During Wednesday morning, the EUR/USD currency pair pierced the weekly R1 at 1.1010. Theoretically, it is likely that a reversal south could occur, as the pair could enter the overbought area. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each one of
On Tuesday morning, the XAU/USD exchange rate breached the rising wedge pattern south. It is likely that the rate could gain support from the psychological level at 1,720.00 and trade sideways. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. 25.05-29.05 Event Historical
Despite having no resistance, the USD/JPY currency pair failed to exceed 107.90. On Tuesday morning, the pair was testing the support formed by the 55- and 100-hour SMAs, as well the weekly and monthly PPs. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be
During Tuesday morning, the GBP/USD exchange rate skyrocketed to the 1.2320 level. Theoretically, it is likely that the rate could gain support from the weekly R1 and the monthly S1 at 1.2290. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each one