Despite the US Dollar moving due to the publication of monthly US employment data and the war in Israel, the USD/JPY has not reacted. Namely, in theory the supposed safe haven currency, the Japanese Yen, should have decline due to the US employment, but strengthened at the start of the conflict in the Middle East. Instead, the Yen slightly reacted
The financial markets have ignored technical levels due to fundamental events taking place. On Friday, the US employment data caused high volatility and an eventual decline of the US Dollar. On Monday, the Dollar recovered because of a run to safety that started due to the war in Israel. During the events the GBP/USD pair's channel down pattern initially held. However,
The EUR/USD has ignored technical levels due to fundamental events taking place. On Friday, the US employment data caused high volatility and an eventual decline of the US Dollar. On Monday, the Dollar recovered because of a run to safety that started due to the war in Israel. By mid-Monday it was observed that the pair had resumed to respect technical
Gold has reached below 1,920.00 level's support. However, it has not yet approached further support levels. Economic Calendar Analysis On Friday, the top event of the week will take place. The United States will publish the monthly employment data at 12:30 GMT. The release will consist of the Average Hourly Earnings, Non-farm Employment Change and the Unemployment Rate. XAU/USD short-term forecast A decline
The USD/JPY pair has booked a lower low and lower high level. Namely, the low is at 148.25 and the high is at the combination of the weekly simple pivot point and the 50-hour simple moving average at 149.08. By late Thursday's trading, the pair was set to once again reach the 148.25 level. Economic Calendar On Friday, the top event of
On Thursday, the GBP/USD currency exchange rate passed the resistance of the 200-hour simple moving average that had kept the rate down since mid-Wednesday. After confirming the moving average as support, the rate approached the upper trend line of the channel down pattern that had guided the rate down since August 30. Economic Calendar On Friday, the top event of the week
The EUR/USD recovery has reached above the 1.0530 level and the 100-hour simple moving average. The 100-hour SMA was keeping the rate down on Wednesday. On Thursday, the rate reached the resistance of the 200-hour SMA near 1.0540. Economic Calendar Analysis On Friday, the top event of the week will take place. The United States will publish the monthly employment data at
The price for an ounce of gold remains near levels that were reached during early Tuesday's trading. In general, the price fluctuates between 1,820.00 and 1,830.00. Meanwhile, it appears that the 50-hour simple moving average does not impact the rate. Economic Calendar Analysis On Thursday, minor action is expected from the US Unemployment Claims. On Friday, the top event of the week will
In the aftermath of the Monday's drop, the USD/JPY appears to have stabilized in the 148.75/149.30 range. Namely, the pair trades around 149.00. Meanwhile, the Bank of Japan has not confirmed involvement in the currency market. Moreover, the Finance Ministry has refused to comment on the move. Economic Calendar On Thursday, minor action is expected from the US Unemployment Claims. On Friday, the
The GBP/USD currency exchange rate has reached the 1.2040 level, which served as support. The reaching of the new low level was followed by a steep recovery of the pair. By mid-Wednesday, the rate was approaching the 200-hour simple moving average near 1.2170. Economic Calendar On Thursday, minor action is expected from the US Unemployment Claims. On Friday, the top event of the
The support of the 1.0450 mark was enough to cause a recovery of the Euro against the US Dollar. The rat has reached above the resistance of the weekly S1 at 1.0486, the 50-hour simple moving average and the 1.0500 mark. At mid-day on Wednesday, the pair faced the 100-hour simple moving average at 1.0525. Economic Calendar Analysis On Thursday, minor action
The price for gold eventually found resistance at 1,880.00, which was strong enough to cause a decline that passed below 1,860.00. On Tuesday, the commodity price had already reached the 1,820.00 mark. Economic Calendar Analysis On Wednesday, watch out for the ADP Non-Farm Employment Change at 12:15 GMT and the US ISM Services PMI at 14:00 GMT. On Thursday, minor action is
The USD/JPY reached the 150.00 mark at mid-day on Tuesday. The 150.00 level is where the markets expected the Bank of Japan to intervene and beat the rate down. As soon as the rate pierced the 150.00 mark a massive sell off started. It is unclear whether it was caused by market participants or the Japanese Central Bank. Economic Calendar On Wednesday,
The GBP/USD has continued its decline and reached below the 1.2100 mark. Moreover, on Tuesday the 1.2100 level appeared to have turned into resistance. Economic Calendar On Wednesday, watch out for the ADP Non-Farm Employment Change at 12:15 GMT and the US ISM Services PMI at 14:00 GMT. On Thursday, minor action is expected from the US Unemployment Claims. On Friday, the top
The resistance of the 200-hour simple moving average was enough for the EUR/USD to resume its decline. The decline was slowed down only by the combination of the 50 and 100-hour SMAs and the weekly S1 simple pivot point at 1.0486. On Tuesday, the pair reached the 1.0450 level. Economic Calendar Analysis On Wednesday, watch out for the ADP Non-Farm Employment Change
Since the end of June, the price for Dukascoin has been booking new high levels, as both bid and ask prices have moved higher. The asking price hit the 1.6500 mark in early August, before retracing back to 1.4500. However, in late September, the ask reached a new high by touching the 1.7200 mark, before another decline appears to have started. In
As it was speculated, the price for gold found support in a round price level. That level turned out to be the 1,860.00 level. The support was enough to cause a recovery up to the resistance of the 50-hour simple moving average and the 1,875.00 level. Economic Calendar Analysis This Friday, all attention will be on the US Core PCE Price Index
The resistance of the 149.50 level eventually was enough for the USD/JPY to cause a sharp decline. The decline eventually reached the 148.50 level and the 200-hour simple moving average. The support was enough to cause a recovery to the 100-hour SMA and the 149.00 level. Economic Calendar This Friday, all attention will be on the US Core PCE Price Index release
The recovery of the Pound against the US Dollar has reached the resistance of the 200-hour simple moving average near 1.2250. Economic Calendar This Friday, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. Next week, the US ISM Manufacturing PMI could impact the markets via the US Dollar at 14:00 GMT. On Tuesday, the
The EUR/USD currency exchange rate has extended its recovery. On Friday, the rate was heading to the upper trend line of the channel down pattern. However, it was slowed down by the 200-hour simple moving average near 1.0620. Economic Calendar Analysis This Friday, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. Next week, the
Gold has extended its decline. Moreover, it has broken the channel down pattern. By mid-Thursday it appeared that the commodity price could reach the 1,850.00 level. In general, the metal's price has not been this low since March. Economic Calendar Analysis On Friday, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. XAU/USD short-term forecast
The USD/JPY has surged more than expected. Moreover, the pair has broken the channel up pattern's resistance line. On Wednesday, the rate encountered resistance at 149.70, before starting a retracement down. On Thursday, the currency exchange rate was finding support in the weekly R2 at 149.18 and the 50-hour simple moving average. Economic Calendar On Friday, all attention will be on the
The support of the channel down pattern has caused a recovery of the GBP/USD currency pair. During the second part of Thursday's trading, the rate was trading around the 1.2200 mark. Economic Calendar On Friday, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. GBP/USD short-term view A continuation of the ongoing Pound's recovery against the
The EUR/USD has started a recovery from the combined support of the 1.0500 mark and the lower trend line of the channel down pattern. During the early hours of Thursday's US trading, the pair had reached the 1.0570 level. Economic Calendar Analysis On Friday, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. EUR/USD hourly