On Thursday, the USD/JPY was declining to the support of an ascending channel pattern. Meanwhile, on a larger scale the currency exchange rate has traded sideways. US Advance GDP data release on focus On Thursday, the US Core Durable Goods Orders will be published at 12:30 GMT. Previously, the given release caused only a four-pip move. The week will end with the US Advance
The GBP/USD was recovering on Wednesday in a sharp move upwards. Namely, by the middle of Wednesday's London trading session the currency exchange rate had reached the combined support of the 100 and 200-hour simple moving averages at 1.2485. Latest Fundamental Event Report The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on Thursday at 08:30 GMT.
The EUR/USD has reached the targeted level of 1.1124. The rate was expected to trade sideways above this level until the resistance of the hourly moving averages approaches and pushes the pair down. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the French Flash Services PMI data release on Wednesday at 07:15 GMT. The EUR/USD
On Wednesday, the yellow metal continued to trade near the hourly simple moving averages above the 1,420.00 level. Economic Calendar Analysis at 12:00 GMT On Thursday, the US Core Durable Goods Orders data will be published at 12:30 GMT. The week will end with the US Advance GDP data release on Friday at 12:30 GMT. Click Here: Economic Calendar Overview 19/07 XAU/USD short-term forecast
The USD/JPY was plummeting on Wednesday, as by the middle of the day's trading session the currency exchange rate had reached the 108.00 level. At that level the rate met with the technical support of the 200-hour simple moving average, which caused a pause of the decline. US Advance GDP data release on focus On Thursday, the US Core Durable Goods Orders will
The GBP/USD was recovering on Wednesday in a sharp move upwards. Namely, by the middle of Wednesday's London trading session the currency exchange rate had reached the combined support of the 100 and 200-hour simple moving averages at 1.2485. Latest Fundamental Event Report The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on Thursday at 08:30 GMT.
The decline of the EUR/USD has continued, as on Wednesday morning the currency exchange rate reached the 1.1130 level. In general, the rate was expected to continue the decline until it reaches the historical low level at 1.1124. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the French Flash Services PMI data release on Wednesday at
During Tuesday morning, the price for gold was testing the lower boundary of the short-term ascending channel located circa 1,420.00. From a theoretical perspective, it is expected, that gold could reverse north and continue to appreciate against the US Dollar.Economic Calendar Analysis at 12:00 GMT On Thursday, the US Core Durable Goods Orders data will be published at 12:30 GMT. The week will
During today's morning, the USD/JPY currency pair jumped to the psychological level at 108.20. It is likely, that some upside potential could prevail in the market in the short term. US Advance GDP data release on focus On Thursday, the US Core Durable Goods Orders will be published at 12:30 GMT. Previously, the given release caused only a four-pip move.The week will end
During Tuesday morning, the GBP/USD currency pair tried to surpass the psychological level at 1.2420. Latest Fundamental Event Report The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on Thursday at 08:30 GMT. The GBP/USD exchange currency rate gained 12 pips or 0.10% right after the release. The British Pound continued trading at the 1.2480 level
On Tuesday morning, the EUR/USD exchange rate was trading at the weekly S1 located at the 1.1187 mark. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the US Retail Sales data release on Tuesday at 12:30 GMT. The EUR/USD exchange currency rate lost 13 pips or 0.11% right after the release. The Euro continued trading
During Monday's morning, the price for gold was consolidating at the 1,425.00 level. Given, that the XAU/USD exchange rate is squeezed by 55- and 100-hour SMAs, it it likely, that it could trade sideways in the short term. Economic Calendar Analysis at 12:00 GMT On Thursday, the US Core Durable Goods Orders data will be published at 12:30 GMT. The week will end
During today's morning, the USD/JPY currency pair was testing the support cluster formed by the 55– and 100-hour SMAs, as well the weekly and monthly PP in the 107.72/107.91 range. US Advance GDP data release on focus On Thursday, the US Core Durable Goods Orders will be published at 12:30 GMT. Previously, the given release caused only a four-pip move.The week will
During Monday morning, the GBP/USD exchange rate was testing the support cluster formed by the 55-, 100- and 200-hour SMAs, as well the weekly PP in the 1.2469/1.2505 range. Latest Fundamental Event Report The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on Thursday at 08:30 GMT. The GBP/USD exchange currency rate gained 12 pips or
The EUR/USD dropped to the 1.1210 level at the end of the previous week. On Monday morning, the currency exchange rate was trading at the monthly S1 located at the 1.1220 mark. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the US Retail Sales data release on Tuesday at 12:30 GMT. The EUR/USD exchange currency rate lost
Gold has reached a new high level. The 1,450.00 mark has been pierced. In general, most technical levels have been left behind. The metal's price faces only monthly pivot points. Next one on Friday morning was located at the 1,464.00 level. Moreover, the August 2013 high level has been pierced. Next historical level is the May 2013 level at 1,488.40. Economic Calendar Analysis
The US Federal Reserve announced on Thursday another confirmation that most likely an interest rate cut will be done in the near future. This event caused a drop of the USD/JPY, which pierced our descending channel pattern that was capturing the decline of July. On Friday morning, the currency exchange rate was recovering and aiming to reach back up to the
On Friday morning, the GBP/USD traded at the 1.2540 level. The rate had made failed attempts to pass the resistance of the 1.2560 level. In general, the rate was expected to resume its surge after it consolidates after the sharp surge that was caused by the Federal Reserve hinting rate hikes on Thursday. Latest Fundamental Event Report The British Pound appreciated against
The EUR/USD has surged up to the 1.1280 level during Thursday's trading session. The move occurred with high volatility, as immediately afterwards the rate plummeted back down to support levels at 1.1240. On Friday morning, the currency exchange rate was trading near the 1.1260 level. In general, the rate was expected to resume its surge, as it had no technical resistance
The support found in the 1,400.00 level was enough to cause a surge up to the 1,430.00 level. On Thursday, the yellow metal's price was declining after touching the 1,430.00 mark. By the middle of the day's London trading session, the commodity price was finding support in the 1,420.00 level. Economic Calendar Analysis Gold this week was affected only by one macroeconomic data
The USD/JPY has dropped down below the 107.80 level. The rate passed all of the hourly simple moving averages during the move. In general, the rate is expected to continue to decline. Moreover, a new descending channel pattern has been added to the hourly candle chart. No more data this week The USD/JPY this week was affected only by one macroeconomic data release.
On Thursday, the GBP/USD surged up to the 1.2490 level in a sharp move that occurred as soon as the resistance of the 55-hour simple moving average was passed. At the 1.2490 level the rate was stopped by the combination of the 100 and 200-hour simple moving averages and a weekly pivot point. Latest Fundamental Event Report The British Pound traded depreciated
The recovery that started after the bounce off from the 1.1200 level continued on Thursday, as the rate reached the 1.1244 level during the morning hours. In general, the rate was expected to test the 100-hour simple moving average at 1.1244 and a monthly pivot point at 1.1250. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the
The yellow metal's price has declined below the hourly simple moving averages. Moreover, on Wednesday, gold almost touched the 1,400.00 level, as it was outlaid in the hourly chart's analysis second scenario on Tuesday. Economic Calendar Analysis Gold this week was affected only by one macroeconomic data release. Namely, the US Retail Sales and Core Retail Sales that were published on