The EUR/USD plummeted on Monday, as soon as the 55-hour SMA failed to provide support. By the middle of Tuesday's London trading, the currency exchange rate had found support in the 200-hour SMA at 1.1125. Although, the SMA might not cause a surge, as the rate faces the resistance of a weekly PP at 1.1139 and the 55 and 100-hour simple
The surge of the DUK+/EUR last week reached above the 1.0000 level. It appears that traders profited from the surge, as last week sell orders were set at 0.9500 and 1.0000. In the aftermath of the surge, the rate began a decline, which on Monday found support in the 0.8500 level. In regards to the near term future, the rate should rebound
The yellow metal started the week by trading sideways between 1,510.00 and 1,515.00. The sideways trading was expected to continue until the end of the day. In regards to the near term future, the rate was more likely to surge than decline, as it was being approached by the support of the 55-hour simple moving average. FOMC Statement and Federal Funds
On Monday, the USD/JPY was making attempts to pass a cluster of technical resistance levels that were located just above the 108.40 level. The future forecasts for the currency rate were based on what would happen at the cluster of technical levels. FOMC Statement and Federal Funds Rate The Federal Reserve released the US Federal Funds Rate data, which came out in line
The GBP/USD has passed the support of the 55-hour SMA and broken an ascending pattern. By the middle of Monday's trading the rate had reached technical support levels that were located just above the 1.2910 level. US ISM Manufacturing PMI The Institute for Supply Management (ISM) released the US ISM Manufacturing PMI survey results, which came out worse-than-expected of 48.3 compared with
On Monday, the EUR/USD exchange rate fluctuated near previous levels. Namely, it was located below the 1.1175 mark. Meanwhile, take into account that on Friday the 55-hour simple moving average had failed to stop a short drop to the 1.1130 level. US Employment data The European Common Currency depreciated against the US Dollar, following the US Employment data set release on
As forecast in the most likely scenario, gold started testing the 1,515.00 price level. By the middle of Friday's trading, the commodity price was still testing the 1,515.00 level. It was doing so by finding support in the 1,510.00 level. In general, the metal was expected to trade sideways until the hourly simple moving averages catch up with the commodity
As expected, the USD/JPY reached the 108.00 level. Moreover, it reached slightly below it, where the decline found support in the freshly calculated monthly pivot point at 107.94. On Friday, the rate was trading with low volatility between the mentioned monthly pivot point and the resistance of a weekly PP at 108.04. FOMC Statement and Federal Funds Rate The Federal Reserve released
The resistance of the weekly R1 of the simple pivot points at 1.2970 has continued to keep the GBP/USD rate down. In general, the rate was expected to remain unchanged until the 55-hour SMA and the lower trend line of an ascending channel pattern are reached. FOMC Statement and Federal Funds Rate The Federal Reserve released the US Federal Funds Rate data,
The prior expectations of the EUR/USD reaching the 1.1200 level were not fulfilled. The rate has continued to trade near previous levels. On Friday, the pair tested support levels near 1.1150. EUR/USD: FOMC Statement and Federal Funds Rate The European Common Currency depreciated against the US Dollar, following the FOMC Statement release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate lost
Gold has surged back above the 1,500.00 level. The surge was caused by the US Federal Reserve rate cut. On Thursday, the yellow metal's price was expected to test previous high levels. Namely, the 1,515.00 level should be tested. Economic Calendar Analysis On Friday, November 1, the US Employment data set will be on focus - the Average Hourly Earnings, the Non-Farm
The US Federal Reserve Rate cut has caused a decline of the USD/JPY, which by the middle of Thursday's trading session had reached the 108.20 level. Moreover, the decline was expected to continue and reach the 108.00 level. Economic Calendar On Friday, November 1, the US Employment data set will be on focus - the Average Hourly Earnings, the Non-Farm Employment Change and
The momentum created by the Federal Reserve rate cut was enough to push the rate through the resistance of a 38.20% Fibonacci retracement level at 1.2918. By the middle of Thursday's London trading session, the pair had tested the resistance of the 1.2950 level. In the near term future, the rate was expected to reach the resistance of the weekly R1
Traders, who were short prior to the US Federal Reserve rate announcement, most likely profited, as yesterday's 18:00 GMT candle has a big tail down to the 1.1080 level. Afterwards the rate surged, as the US Dollar began to lose value due to the rate cut and speculators all around the world taking profit from their short positions. On Thursday morning, it
The 1,485.00 level provided the yellow metal's price with support. By the middle of Wednesday's trading the metal's price had reached the 1,495.00 level. In regards to the near term future, the metal was expected to trade sideways until the US Federal Reserve makes a rate statement at 18:00 GMT. Economic Calendar Analysis This week gold is bound to be affected
The USD/JPY rate traded sideways on Wednesday. The reason for the fluctuations in the range between 108.80 and 108.90 was the expectations of the US Federal Reserve Rate announcement scheduled for 18:00 GMT. Economic Calendar This week the rate is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US ADP Non-Farm Employment Change data
The GBP/USD has reached the 1.2900 level, where it was pushed by hourly simple moving averages. The rate was expected to trade sideways below this level until the US GDP release and the Federal Reserve Rate announcement. Economic Calendar This week the GBP/USD is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US ADP Non-Farm
The support of the 1.1074 mark managed to hold on Tuesday, and the EUR/USD rate surged above the 1.1100 level. Since the surge on Tuesday afternoon, the rate traded almost flat in the range between 1.1110 and 1.1130. It was expected to continue to trade sideways until the US Advance GDP release and the US Federal Reserve Rate statement. Economic Calendar
Early on Tuesday, the yellow metal's price reached the 1,485.00 level, as SWFX traders closed short positions. In regards to the near term future, the metal should consolidate above the 1,485.00 level until the oversold pressure is removed or new fundamental news are revealed. Economic Calendar Analysis This week gold is bound to be affected by US data and an expected rate
On Tuesday, the USD/JPY was finding support in the 108.85 level. Meanwhile, hourly simple moving averages were approaching from below, which indicated that a surge could be possible during the near future. Economic Calendar This week the rate is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US ADP Non-Farm Employment Change data will
Despite increasing trading volatility on Tuesday, the GBP/USD remained in the previous trading range. The future forecasts for the rate were rather complicated, as Brexit, trade politics and US monetary policy were all impacting the evaluation of both currencies. Economic Calendar This week the GBP/USD is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US
The EUR/USD bounced off the resistance of the 1.1100 level late on Monday. This resulted in a decline, which by the middle of Tuesday's London trading session had reached below the 1.1080 mark. In general, it was expected that the decline would continue, as the rate had removed its oversold pressure and had no technical support as low as 1.1045. Economic
Dukascoin is surging and breaking one resistance after another. Last week, the DUK+/EUR rate reached the target of 0.8000 and broke it in a sharp move. Namely, on October 25 the rate jumped to the next resistance at 0.8700. Moreover, the 0.8700 was also broken. These levels can be best observed on the chart of the previous publication of October 14. In regards
The yellow metal started the week by trading near the 1,500.00 level. In general, the metal was set to be supported by hourly simple moving averages, which could cause another surge to new high levels. Economic Calendar Analysis This week gold is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US ADP Non-Farm