The USD/JPY has declined, as previously forecast. The rate reached down to almost touch the 110.00 level before ending the decline. By the middle of the day's trading the pair was reaching for the resistance levels near 110.40. It was expected by Dukascopy Analytics that the rate will bounce off the cluster and begin a decline. Latest Fundamental Event The Federal Reserve releases
As it was expected, although the technical charts signaled an upcoming surge the GBP/USD has declined due to a minor Brexit announcement. Namely, the UK Parliament denied all alternative Brexit deals. In the future the rate is still expected to follow the fundamental announcements. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data released on
On Thursday morning the EUR/USD traded near the 1.1260, where it had surged after finding support at 1.1243 level, which stopped the rate from declining below the pivot points that are located near the 1.1240 level. The rate was expected to trade sideways until it meets with the combined resistance of a channel down pattern and the 55-hour simple moving average.
As expected, gold reached down to the 1,315.00 level. There it found support at and began to trade in the range between 1,314.00 and 1,318.00. The rate was expected to break the sideways trading in the near future. Economic Calendar Analysis This is the last week of March and due to that reason it is expected to be quiet for macroeconomic fundamental data
On Wednesday the USD/JPY traded sideways below a strong resistance cluster near 110.80. In general, the rate was expected to decline, as the resistance cluster had pushed the rate down without even being properly reached. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their vote on
As there were no new Brexit announcements, the GBP/USD has remained steady during the last twenty for hours. The rate has traded in the range from 1.3160 up to 1.3250. The sideways trading is expected to continue until the scheduled next Brexit vote occurs on Friday. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data
The EUR/USD has declined, as it was previously described in the most likely scenario. Namely, the rate was pushed down below the 1.1300 level. Although, on Wednesday morning the currency exchange rate had not reached the technical support of 1.1240, which was the target of the decline. Latest Fundamental Event The European Single Currency depreciated against the US Dollar, following the German Flash
After reaching the 1,325.00 level on Monday, gold was retreating on Tuesday down to the technical support levels near 1,315.00. At the 1,315.00 level the 55-hour simple moving average was the main support to the commodity price. Economic Calendar Analysis This is the last week of March and due to that reason it is expected to be quiet for macroeconomic fundamental data releases.
On Tuesday morning the USD/JPY was testing the resistance of the 55- hour SMA near the 110.15 level. If it gets passed, the rate could jump to reach the 110.45 level. On the other hand, the SMA might push the currency pair down to the 109.60 mark. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth
On Tuesday morning the GBP/USD was trading above a strong support cluster near 1.3200. In general, the rate was expected to surge. However, the rate's previous attempts to surge were stopped by the technical resistance of the 200-hour SMA at 1.3220. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data released on Thursday at 09:30
During the early Monday's trading hours the EUR/USD was being pushed down by the technical resistance of the 55-hour simple moving average near the 1.1320. At the same time the rate had no technical support as low as the 1.1240 level. Due to that reason a decline was expected. Latest Fundamental Event The European Single Currency depreciated against the US Dollar, following the
On Friday morning gold prices were surging up without any technical resistance level as high as the 1,320.00 level. The rate was expected to test a pivot point at 1,321.00 and the psychological resistance of the 1,320.00 level. Economic Calendar Analysis On Friday, the last event of the week will be the Canadian CPI and Core Retail Sales release at 12:30 GMT. For
The USD/JPY on Friday remained in the previous day's trading range. Namely, it fluctuated between 110.40 and 110.95. The rate is set to get additional support from the 55-day simple moving average, which on Friday was located near the 110.20 level. The approaching of the level might end the sideways trading. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where
On Friday the GBP/USD was trading near the 1.3100 level. In general, the rate was still mostly reacting to fundamental Brexit news. It makes sharp moves Brexit announcements. When the news have no new information, the currency exchange rate mostly trades sideways. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK CPI data released on Wednesday at 09:30
On Friday morning the EUR/USD plummeted downwards. The move was caused by the publication of the Markit German PMI data sets. Our analysts were covering the data release live. A report on the event will be available in the near future. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release on Wednesday at
Gold price has tested the 1,310.00 as expected. In addition, the metal's price has continued to trade afterwards in accordance with the trend patterns. To be exact, a large scale pattern's resistance line pushed the rate down at the 1,310.00 level and was still holding during the second part of Wednesday's trading. Economic Calendar Analysis This week will be busy for fundamental announcement
On Wednesday, the USD/JPY surged, as it had bounced off the lower trend line of a medium scale pattern and broke through the resistance provided by the upper border of a smaller scale channel down pattern. In general, from the technical trend analysis Dukascopy Analytics deduct that the rate will continue to surge. Latest Fundamental Event The Bureau of Labor Statistics released US
Another drop of the GBP/USD was caused by a fundamental Brexit announcement. Namely, the Prime Minister of the United Kingdom announced requested an extension of the Brexit deadline. The GBP/USD started to plummet like a brick, as the PM did not announce a clear plan of action. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK CPI
The EUR/USD has reached the resistance levels at the 1.1365 mark. However, before doing that the currency exchange rate declined down below the 1.1340 level. Due to that reason it is assumed that most likely no short term traders managed to profit from the recent fluctuations. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US CPI and
The yellow metal has surged above the 1,305.00 level on Tuesday. The commodity price is expected to reach the 1,310.00 level, which is expected to once more provide resistance to the rate, as it did during the previous week. Economic Calendar Analysis This week will be busy for fundamental announcement traders. Both the central banks and various statistics offices are set to
The USD/JPY rate has plummeted down to the 111.20 level. The rate had finally reached the lower trend line of a dominant ascending pattern, which was keeping the rate from declining. Latest Fundamental Event The Bureau of Labor Statistics released US PPI data that came out lower-than-expected of 0.1% compare to forecasted 0.2%. Note, the US Core PPI was released at
On Tuesday, the GBP/USD continued to trade below the 1.3300 level. Meanwhile, during the previous trading session the rate managed to confirm the lower trend line of an ascending pattern on the hourly chart. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Average Earnings Index release on Tuesday at 09:18 GMT. The GBP/USD exchange currency rate
On Tuesday the EUR/USD was making another attempt to pass the resistance of the 1.1360 level, which forced the rate into a decline down to 1.1325 on Monday. If the rate passes this level, it will immediately face the resistance of the monthly pivot point at 1.1365. Instead it is more likely that the pair will trade sideways until the support
On Monday, the yellow metal's price broke a dominant resistance line near the 1,305.00 level. The price had decreased volatility on Monday, as it traded in the range between 1,304.00 and 1,306.00. The commodity was waiting for future signals. One could be provided by the Federal Reserve announcements on the future value of the USD on Wednesday. Economic Calendar Analysis This week will