On Wednesday morning, the GBP/USD exchange rate was testing the lower boundary of the medium-term ascending channel. Given that the rate is pressured by the 55-, 100- and 200-hour moving averages, it is likely that some downside potential could prevail in the market. British Pound appreciates on Supreme Court's decision On Tuesday, September 24, the British Pound appreciated 75 pips or 0.60% against
On Wednesday morning, the EUR/USD currency pair was trading at the 1.1000 level. The pair was expected to trade downwards within the short-term descending channel, as it is pressured by the 100- and 200-hour moving averages. German Flash Manufacturing and Services PMIs The European Common Currency depreciated against the US Dollar, following the German Flash PMIs survey results release on Monday at
The surge of the yellow metal has reached the 1,525.00 level, from which it bounced off. On Tuesday, a consolidation by trading sideways was taking place. Namely, the commodity price fluctuated between the 1,520.00 and 1,525.00 levels. Economic Calendar Analysis On Thursday, the US Final GDP will be published at 12:30 GMT. This event could cause a minor move. The week will end
By the middle of Tuesday's London trading session, the USD/JPY currency exchange rate had pierced the resistance of the 55-hour simple moving average. The pair was about to approach the resistance of the 100 and 200-hour SMAs and the weekly simple pivot point above the 107.80 level. Economic Calendar On Thursday, the US Final GDP will be published at 12:30 GMT. This
On Tuesday, the GBP/USD movements were being dictated by the Supreme Court of the United Kingdom. It was set to rule on the suspension of the Parliament done by the Prime Minister Boris Johnson. Meanwhile, note that just before 12:00 GMT the rate bounced and began a surge, which was consistent with an ascending channel pattern. Economic Calendar On Thursday, the US Final
On Tuesday morning, the EUR/USD traded below the 1.1000 level, which had been providing resistance since the middle of Monday's trading session. The rate was expected to continue to trade at that level until the resistance of the 55 and 100-hour simple moving averages approach from the above and push the rate down. German Flash Manufacturing and Services PMIs The European Common
Last week, step by step the DUK+/EUR exchange rate passed the support cluster that was located from 0.7100 to 0.6800. This week was started with the pair fluctuating around the 0.6500 level. In the meanwhile, note that interactive Dukascopy Online chart of the rate is now available. Daily Candle Chart Since this Monday, the Dukascopy online chart of the DUK+/EUR
On Monday, gold reached the 1,520.00 level and ended trading in the range between 1,485.00 and 1,510.00. In general, if the rate would manage to push through the resistance of the 1,520.00 level, it could once more test the 1,550.00 level, as it did at the start of the month. Economic Calendar Analysis On Thursday, the US Final GDP will be published at
On Monday, the USD/JPY rate pierced technical support levels near 107.50. The event signalled that the currency exchange rate could continue its decline. In that case the weekly S1 at 107.21 would be targeted next. Economic Calendar On Thursday, the US Final GDP will be published at 12:30 GMT. This event has caused moves on the USD/JPY from 6.3 to 10.5 pips since
The GBP/USD on Monday continued the decline, which began on Friday. During the morning London trading hours the rate had reached the support of the 200-hour simple moving average. If the rate would pass this support, the decline could soon reach the 1.2400 level. Economic Calendar Next week on Thursday, the US Final GDP will be published at 12:30 GMT. This event has
The release of the European Manufacturing and Services PMIs caused a sharp drop of the Euro. The total decline of the rate from 06:00 GMT to 08:00 GMT was almost 60 base points. Due to that reason, previous forecasts are still valid and the markets wait for the end of the consolidation to see action. German Flash Manufacturing and Services PMIs The
On Friday, Gold had surged slightly, but it had not broken out of the trading range that forces the metal to bounce around the 1,500.00 level. During the early hours of the day's London trading, it was expected that gold would test the resistance of the 1,510.00 level, which is the upper boundary of the range, in which the metal's price
On Friday, the USD/JPY currency rate had broken out of being squeezed in between the 100 and 200-hour simple moving averages. The rate broke out downwards. Although, the break out was not followed by a sharp move. It was stopped by the support of the 107.80 level. Note that at that level the rate also stopped the decline, which was caused
Bank of England was the cause of a surge, which was previously expected from a technical perspective. By the middle of Friday's trading the GBP/USD had reached and bounced off the resistance of the 23.60% Fibonacci retracement level at 1.2573. Economic Calendar Next week on Thursday, the US Final GDP will be published at 12:30 GMT. This event has caused moves on
The EUR/USD currency exchange rate has not changed. It is trading almost flat between support near 1.1040 and resistance at 1.1069. Due to that reason, previous forecasts are still valid and the markets wait for the end of the consolidation to see action. Watch out for European PMIs This week there are no more notable data releases expected, which could impact the
Gold was the most impacted asset by the Federal Reserve rate cut. However, by the middle of Thursday's London trading the metal's price was back at 1.500,00. The metal was set to face resistance at that level. The level on its own provided psychological resistance. In addition to that, the 55, 100 and 200-hour simple moving averages were located at 1,500.00. Economic
The Federal Reserve rate cut caused an increase of volatility, which had ended on Thursday morning. The rate traded in the range from 107.80 to 108.10. In general, the rate was expected to get squeezed in between the resistance of the 55 and 100-hour simple moving averages from above and the support of the 200-hour SMA. Economic Calendar There are no more notable
On Thursday morning, the GBP/USD remained near the previous trading levels. Meanwhile, take into account that it was approached by the technical support of the 55 and 100-hour simple moving averages. From a technical analysis perspective the GBP/USD should surge. However, the Bank of England was about to make a monetary policy statement. Economic Calendar The BoE Monetary Policy Statement and the Official
Despite the US Federal Reserve cutting interest rates, the EUR/USD remained near the previous trading session levels. On Thursday morning, the EUR/USD was about to test the resistance of a monthly pivot point at 1.1069 and the psychological resistance of 1.1080. No more data during this week. This week there are no more notable data releases expected, which could impact the EUR/USD.
Gold continues to trade in limbo around the 1,500.00 level. As it has done so, all of the hourly simple moving averages that are used by Dukascopy Analysts have reached the 1,501.35 level. In general, the metal was expected to continue to trade sideways until the Federal Reserve announcement of today. Economic Calendar Analysis On Wednesday, September 18, the FOMC Statement and Economic
On Wednesday, the USD/JPY traded sideways with a reduced volatility. The rate was in the expectations of the Federal Reserve announcement today for future guidance. Meanwhile, the rate was located twenty pips from both support and resistance levels. Economic Calendar On Wednesday, September 18, the FOMC Statement and Economic Projections releases are expected at 18:00 GMT. Note that the Federal Funds Rate data
The 100-hour SMA provided the needed support for the rate to once more test the resistance of the 1.2520 level. By the middle of Wednesday's trading, the rate had bounced off the high level and declined back down to the support of the 55 and 100-hour SMAs and a monthly pivot point near 1.2440. Economic Calendar The FOMC Statement and the Federal Fund
The support of the 1.1000 psychological level was enough to push the EUR/USD currency exchange rate into the 1.1080 level. On Wednesday, the rate bounced off the 1.1080 level and declined down to a cluster of technical levels at 1.1040. Future forecasts were based on what would happen at this level. FOMC Wednesday On Wednesday, September 18, the FOMC Statement and Economic
On Tuesday, gold price fluctuated below the 1,500.00 level. The commodity price had also declined below the technical resistance of the 55 and 100-hour simple moving averages. Due to the metal being located below the cluster of resistance, a scenario of a decline was being favoured. Economic Calendar Analysis On Wednesday, September 18, the FOMC Statement and Economic Projections releases are expected at