The USD/JPY has reached a new low level, as on Friday the rate traded in limbo around the 109.60 level. Namely, the 109.45 level was supporting the rate and the 109.70 level was providing resistance. Latest Fundamental Event The Federal Reserve released the FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic and financial conditions that influenced their
On Friday morning the GBP/USD touched the upper trend line of the descending channel pattern of the hourly candle chart. The event resulted in a decline, which needed to pass the support of an hourly simple moving average for the rate to drop once more to 1.2600. Latest Fundamental Event The British Pound traded sideways against the US Dollar, following the UK
The EUR/USD has jumped back up to 1.1200 level. The move occurred in a sudden sharp move at the middle of Thursday. However, before the jump the rate reached the 1.1100 level. Note that our analysts had set the target of the pair at 1.1120. It means that the rate clearly reached below the target and scored even more
EUR/USD has continued to decline, as it was forecast in one of the previously described scenarios. Namely, the FOMC Meeting Minutes release at 18:00 GMT began a decline, which by the middle of Thursday's trading session had reached the 1.1130 level. In the near term the rate was expected to reach down to the 1.1125 level. Latest Fundamental Event The European Common
After trading sideways for two consecutive days and consolidating its decline, on Thursday gold broke resistance levels and signalled a surge. Namely, the 55 and 100-hour simple moving averages were broken by the middle of London's trading. The rate had no technical resistance levels as high as 1,284.00. Economic Calendar Analysis The week will end with the US Durable Goods Orders and Core
The decline of the USD/JPY extended itself below the support levels near 110.40. By the middle of Thursday's trading session the rate had reached the 110.00 level. The decline was expected to continue down to the 109.90 level, where the 200-hour simple moving average was located at. Latest Fundamental Event During previous Monday's trading session, the Japanese Yen appreciated 54 pips or 0.50%
The decline of the GBP/USD has reached new low level. The 1.2610 level was reached on Thursday. The rate was consolidating after reaching the low level. It was expected that the decline will resume once the 55 and 100-hour simple moving averages approach the pair from above. Latest Fundamental Event The British Pound traded sideways against the US Dollar, following the UK
Gold's price has retraced upwards to the resistance of the 55-hour simple moving average near the 1,275.00 level. Although, the price was still expected to decline in the near term future. Economic Calendar Analysis Late on Wednesday, the top event of the month will occur. The US FOMC Meeting Minutes will be released at 18:00 GMT. On the EUR/USD it has caused moves
On Wednesday, the USD/JPY pair was consolidating its previous gains by declining. The decline was expected to continue until the rate would reach the lower trend line of an ascending channel pattern or the FOMC Meeting Minutes announcement at 18:00 GMT. Latest Fundamental Event During previous Monday's trading session, the Japanese Yen appreciated 54 pips or 0.50% against the US Dollar. Note,
After the sharp move up and decline on Tuesday, the GBP/USD resumed its decline on Wednesday and reached a new low level. In general, the decline was expected to continue, as the pair had no close by technical support levels. However, take into account that the pair might trade sideways until the release of the FOMC Meeting Minutes at 18:00 GMT. Latest
On Wednesday, the EUR/USD was about to test the resistance levels near 1.1170. Meanwhile, the currency exchange rate was expecting the Federal Reserve's Open Markets Committee's Meeting Minutes, which were set to be released at 18:00 GMT. One can watch the preview of the event by clicking here. Latest Fundamental Event The European Common currency traded sideways against the US
The decline of gold's price continues. On Tuesday, the 1,270.00 level was reached. Moreover, the decline was showing no signs of stopping I the medium and long term. Economic Calendar Analysis This week's notable data will begin on Wednesday. At 08:30 GMT the UK CPI will be published. This event has caused since December 2018 moves from 11.4 to 23.1 base points on
On Thursday, the USD/JPY was testing the upper trend line of a previously pierced ascending channel pattern. In general, the rate was expected to reach the 110.50 level, which it did faster than forecast. Namely, by the time this combined daily publication was done, the short term morning technical analysis was obsolete. Latest Fundamental Event During Monday's trading session, the Japanese Yen appreciated
GBP/USD continued its decline down to the 1.2700 level on Tuesday. However, the decline might have be at its end, as the 1.2700 level provided strong psychological support to the currency exchange rate. Latest Fundamental Event The British Pound traded sideways against the US Dollar, following the UK Employment data set release on Tuesday at 08:30 GMT. The GBP/USD exchange currency rate
On Tuesday, the decline of EUR/USD resumed. The rate bounced off the resistance of the 55-hour simple moving average around the midnight hours of London's trading session and by the middle of the day the rate had reached below 1.1150. The decline was already expected and described on Friday. In regards to the future, the pair has no technical support
Gold prices have fallen more than expected. On Friday, the metal had also passed the technical levels near the 1,285.00 level. In general, the metal was expected to continue its decline. Economic Calendar Analysis All of the notable data sets of the week have been published. You can watch all of the data covers on the Dukascopy Webinars YouTube channel. Click Here: Dukascopy Webinars
The break out of the USD/JPY reached above the previously set target. The rate touched the 110.00 level before it dropped to look for technical support. The support was found at the 109.60 level. At that level the 55 and 100-hour simple moving averages were located together with a 50.00% Fibonacci retracement level. Latest Fundamental Event During Monday's trading session, the Japanese Yen
The decline of the GBP/USD continues gradually. The target remains the same – the 1.2720 level is aimed at. Latest Fundamental Event The British Pound traded sideways against the US Dollar, following the UK Employment data set release on Tuesday at 08:30 GMT. The GBP/USD exchange currency rate lost 6 pips or 0.05% right after the release. The British Pound continued trading
On Friday, the EUR/USD bounced off the resistance of a pivot point at 1.1184. The event was expected to be followed by a decline. Namely, if the pair falls below 1.1170, it in theory should decline as low as 1.1150. Latest Fundamental Event The European Common currency traded sideways against the US Dollar, following the US Retail Sales data release on Wednesday
Gold traded sideways on Thursday morning. Afterwards, around 12:00 GMT the metal approached the support of the 1,294.00 level, where the 100-hour simple moving average was located at. If that level would get passed, the 1,290.00 level could be reached. Economic Calendar Analysis All of the notable data sets of the week have been published. You can watch all of the data covers
On Thursday, the USD/JPY broke a technical resistance cluster at 109.60. The event was followed by a surge up to the 109.80 level. The rate was expected to continue to surge, as it faced no technical resistance as high as the 109.90 level, where the 200-hour simple moving average was located at. Latest Fundamental Event During Monday's trading session, the Japanese Yen appreciated
The GBP/USD has continued to decline on Thursday. By the middle of Thursday's London trading session the rate had fallen below the 1.2820 level. From a technical analysis theoretical perspective the rate was expected to decline down to the 1.2720 level, as the closest technical support level was located there. Latest Fundamental Event The British Pound traded sideways against the US Dollar, following
On Thursday, the EUR/USD tested a cluster of resistance levels that were located from 1.1210 to 1.1220. By the middle of the day's trading the currency pair had failed at an attempt to pierce through the cluster, as the 100-hour SMA managed to stop the surge attempt. Latest Fundamental Event The European Common currency traded sideways against the US Dollar, following the
The yellow metal had not declined much in the aftermath of reaching the 1,300.00 level. In general, it had consolidated its gains by slightly retracing down to 1,298.00. In regards to the near term future, the consolidation should be followed by a surge. Economic Calendar Analysis During this week there will be a couple of macroeconomic events, which are notable enough to impact