The EUR/USD has surged and touched the 1.0965 level. In addition, on the hourly chart an ascending channel pattern has been spotted and added to the chart. During the morning hours of Thursday's London trading session, the rate was heading to the support of the pattern, which was strengthened by the 55 and 100-hour simple moving averages. US ISM Manufacturing PMI The
The release of the US ISM Manufacturing PMI on Tuesday pushed gold up to the 1,485.00 level. By the middle of Wednesday's trading, future forecasts were based on what would happen at that level. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data results, which came out worse-than-expected of 47.8 compared to the forecast of
The US ISM Manufacturing PMI caused a plummeting of the USD/JPY down to the 107.70 level. On Wednesday, technical charts indicated that the rate would continue to decline. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data results, which came out worse-than-expected of 47.8 compared to the forecast of 50.4. The Chair of the Institute for
On Tuesday, The GBP/USD reached the support of the weekly S1 and the lower trend line of a channel down pattern on Monday. However, the decline was quickly reversed by a US fundamental survey result release. On Wednesday, the rate was once more heading to the support of the weekly S1 at 1.2209. US ISM Manufacturing PMI The Institute for Supply Management released
The rate traded near the support levels at 1.0880, as expected, until a fundamental event caused a surge. On Wednesday morning, the EUR/USD had bounced off the resistance of 1.0940 and was heading back to the mentioned support level of 1.0880. US ISM Manufacturing PMI The European Common Currency appreciated against the US Dollar, following the US ISM Manufacturing PMI survey data
Gold has reached new low level by sharply tumbling at the middle of Monday's trading session. Namely, the 1,460.00 level was reached already on Tuesday morning. Economic Calendar Analysis This week, there are a couple of US macroeconomic data releases, which might impact gold through the strength of the US Dollar. On Tuesday, the US ISM Manufacturing PMI is set to be released
The USD/JPY has reached a new high level. The 108.46 level, where a weekly pivot point is located at was touched on Tuesday morning. In general, a retracement down is expected to occur, which should be followed by a continuation of the surge up. Economic Calendar On Tuesday, the US ISM Manufacturing PMI is set to be released at 14:00 GMT. The event
In general, the GBP/USD has traded sideways since Monday morning. Although, the rate had shortly touched the low level of 1.2260 on Tuesday morning. In the near future, the rate was expected to face the resistance of the 100-hour simple moving average, which was approaching the pair from above. Economic Calendar This week, there are a couple of US macroeconomic data releases, which
As expected, the EUR/USD reached the support levels that are located just above the 1.0880 mark. On Tuesday morning, the EUR/USD had bounced off the support levels and was surging back up to the 55-hour simple moving average, which was located near 1.0920. US Employment Data week This week, there are a couple of US macroeconomic data releases, which might impact the
After a period of sideways trading that lasted until September 26, DUK+/EUR surged and pierced all resistance up to 0.8500. Meanwhile, the online chart has been updated with the resistance and support levels that are observed by looking at the bid and ask order statistics at dukascoin.com. Daily Candle Chart Since Friday, on the daily candle chart the DUK+/EUR rate was
The decline of gold has continued. By the middle of Monday's London trading, the price had reached below the 1,485.00 level. In regards to the near term future, a bounce off from a support level was expected. Economic Calendar Analysis This week, there are a couple of US macroeconomic data releases, which might impact gold through the strength of the US Dollar. On Tuesday,
On Friday, the USD/JPY made an attempt to pass the resistance levels at 108.20 and failed. Since the attempt the rate has been finding support in the 55 and 200-hour simple moving averages that on Monday were located near the 107.80 mark. Meanwhile, the rate was being kept down by the resistance of the 108.00 level. Economic Calendar On Tuesday, the US ISM
On Monday morning, the GBP/USD made an attempt to surge above the 1.2330 level and failed at it. In general, the rate traded near Friday's levels. The rate was expected to either consolidate or decline. Meanwhile, Swiss traders had gone long on the pair.Economic Calendar This week, there are a couple of US macroeconomic data releases, which might impact the rate. On Tuesday,
The EUR/USD started the week by trading in Limbo around the 55-hour simple moving average. The moving average was heading lower and was expected to push the rate with it. In general, as the rate had passed the support of the 1.0930 level, the pair had no technical support levels below it as low as 1.0891. US Employment Data week This week,
The metal has ended its sideways trading with a decline. By the middle of Friday's London trading, the metal's price had reached below the 1,495.00 level. The rate was set to face two support levels at 1,492.00, below which there was not technical support as low as 1,462.90. Economic Calendar Analysis The week will end with the US Durable Goods Orders data release
On Friday, the USD/JPY was heading to the 108.00 level, as it had broken the resistance of the technical levels near 107.80. In general, the surge was expected to pass the 108.00 mark and reach for the weekly pivot point at 108.22. Economic Calendar The week will end with the US Durable Goods Orders data release at 12:30 GMT. The event will consist
On Friday morning, the support of the 1.2300 levels was passed. The GBP/USD had no technical support level as low as 1.2200. However, the 1.2250 mark could provide psychological support, as round levels have played a significant role on the GBP/USD charts. Economic Calendar The week will end with the US Durable Goods Orders data release at 12:30 GMT. The event will consist
The EUR/USD has declined below the support of the historical low level of 1.0930. Although, the event did not result in a sharp decline, as support was provided by the 1.0910 mark. On Friday morning, the pair was consolidating by trading sideways, which was considered normal, as the rate has declined sharply since September 25. Week Ends With Insignificant Data The week
The 1,535.00 level was strong enough to eventually cause a decline. As soon as the decline reached below the 1,530.00 mark, it increased and dropped down to almost touch 1.500.00. On Thursday, the metal's price was trading sideways between 1,505.00 and 1,510.00 levels. Economic Calendar Analysis On Thursday, the US Final GDP will be published at 12:30 GMT. This event could cause a
The surge of the USD/JPY hit the 107.85 level, where two technical levels were located and bounced off it. By the middle of Thursday's trading session the currency exchange rate had declined down to the 100-hour SMA's support at 107.57. Economic Calendar On Thursday, the US Final GDP will be published at 12:30 GMT. This event has caused moves on the USD/JPY
As forecast, the GBP/USD has declined. During the early hours of Thursday's London trading session the GBP/USD currency exchange rate had reached support levels near 1.2300. If the rate would manage to pass the technical levels near 1.2300 and the psychological support of the round level, it could decline as low as the 1.2200 mark without finding any support. Economic Calendar On Thursday,
The decline of the EUR/USD has continued in a descending channel pattern. By the middle of Thursday's trading session, the currency exchange rate had reached the support of the historical low level at 1.0930. If the currency exchange rate passes this support level, it would have no technical support as low as the 1.0890 mark, where a cluster of technical levels
On Tuesday, the price for gold tried to surpass the psychological level at 1,535.00. On Wednesday morning, yellow metal was trading at the 1,530.00 mark. Given that the commodity is supported by the 55-hour moving average, it is likely that some upside potential could prevail. Economic Calendar Analysis On Thursday, the US Final GDP will be published at 12:30 GMT. This event could
During Wednesday morning, the USD/JPY currency pair was testing the resistance formed by the 55-hour moving average. Note that the pair is trading near the upper boundary of the short-term descending channel. Thus, from a theoretical point of view, it is likely that bears could prevail in the market. Economic Calendar On Thursday, the US Final GDP will be published at 12:30 GMT.