The EUR/USD appears to be waiting for this week's US Consumer Price Index release by fluctuating near the 1.1000 mark. Note that the rate has been ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point. Economic Calendar Analysis Watch out for the US Consumer Price Index at 12:30 GMT on Thursday. The inflation data will
The price for gold pierced the support range at 1,930.00/1,932.25 and touched the 1,925.00 level during the US release of monthly employment data. However, after the markets took in the news, it surged to the combined resistance of the 1,945.00 mark and the 100-hour simple moving average. By mid-Monday, the rate had declined back to the mentioned support range. Economic Calendar
The USD/JPY found support in the 141.50 level at midnight to Monday, despite passing below the 200-hour simple moving average. During the first half of Monday's trading, the Dollar was recovering against the Yen. Economic Calendar Watch out for the US Consumer Price Index at 12:30 GMT. The inflation data will reveal whether the Fed is managing to fight inflation or not.
In the aftermath of the GBP/USD surge, which was caused by the US employment data weakening the USD, the currency rate has been respecting round exchange rate levels. Namely, the pair has encountered resistance as it approached 1.2800 and support is found near 1.2700. Economic Calendar Watch out for the US Consumer Price Index at 12:30 GMT. The inflation data will reveal
The EUR/USD broke the channel down pattern due to the release of US monthly employment data causing a drop of the US Dollar's value. The following surge eventually stopped at 1.1040. On Monday, the rate was declining and had reached the combined support of the 50 and 100-hour simple moving averages near 1.0970. Economic Calendar Analysis Watch out for the US
The price for gold remains above the 1,930.50/1,932.10 range. Meanwhile, the pair is being approached by the resistance of the 50-hour simple moving average. In general, previous scenarios are relevant. Economic Calendar Analysis On Friday, at 12:30 GMT, the US employment data will impact the USD and all rates that involve it. The release will consist of the US Average Hourly Earnings
The rate has ended its decline, before reaching the 142.00 level. On Friday morning, the pair recovered and tested the combined resistance of the 50 and 100-hour simple moving averages and the 142.70/143.10 range. Economic Calendar On Friday, at 12:30 GMT, the US employment data will impact the USD and all rates that involve it. The release will consist of the US
In the aftermath of the Bank of England rate hike, the Pound recovered against the US Dollar. The recovery appears to have been stopped by the weekly S1 simple pivot point at 1.2740. By mid-Friday, the pair was trading just above the support of the 1.2700 mark. Economic Calendar On Friday, at 12:30 GMT, the US employment data will impact the USD
The currency pair has managed to pass the resistance of the 1.0935/1.0945 range and the 50-hour simple moving average. However, the 1.0960 level acted as resistance. As the rate approached the upper trend line of the descending channel pattern, a decline started, which was looking for support in the 1.0935/1.0945 zone. Economic Calendar Analysis On Friday, at 12:30 GMT, the US
The price for gold has encountered resistance in the combination of the 50 and 100-hour simple moving averages near 1,955.00. The event combined with the broader USD strengthening on Wednesday has caused a decline of the commodity price. By mid-Thursday, the metal had reached the support zone at 1,930.50/1,932.10. Economic Calendar Analysis On Friday, at 12:30 GMT, the US employment data will
The USD/JPY has continued to surge, despite slowing down. On Thursday, the currency pair passed above the 143.50 level, before retracing back down and looking for support. Economic Calendar On Friday, at 12:30 GMT, the US employment data will impact the USD and all rates that involve it. The release will consist of the US Average Hourly Earnings change, Non-Farm Employment Change
The Bank of England has just now increased its Official Bank Rate from 5.00% up to 5.25%. The move was expected by the financial markets. As a result of the policy change the value of the Pound initially reacted with a downwards move, before returning to previous levels. The members of the monetary policy committee voted as follows. Eight members
The EUR/USD has declined below the support of the weekly S1 simple pivot point at 1.0920. Next target for the decline appeared to be the 1.0900 mark. In the meantime, the rate appeared to be confirming the 1.0935/1.0945 range as resistance. Economic Calendar Analysis On Friday, at 12:30 GMT, the US employment data will impact the USD and all rates that
The price for gold reversed from the 1,972.40 level on Monday. There is no technical reason for the reversal. However, it can be attributed to a broader strengthening of the US Dollar. The decline eventually reached below the last week's low level and the 1,942.00 level. It appeared on Tuesday, that the metal is set to look for support either
The USD/JPY has broken the resistance of the 143.00 mark. The rate had reached the 143.50 level by the second part of Tuesday's European trading. Economic Calendar On Thursday, watch out for the Bank of England's expected rate hike at 5.25%. It is possible that not only the GBP pairs, but other financial instruments could adjust to the continuation of rate increases. On
The GBP/USD ended its sideways consolidation with a decline. By mid-Tuesday, the decline had reached below the 1.2750 level and had almost touched the weekly S1 simple pivot point at 1.2740. Economic Calendar On Thursday, watch out for the Bank of England's expected rate hike at 5.25%. It is possible that not only the GBP pairs, but other financial instruments could adjust
The EUR/USD has bounced off the combined resistance of the weekly simple pivot point and the 100-hour simple moving average, before reaching the 1.1050 level. The following decline has reached below the 1.0960 level during mid-Tuesday trading. Economic Calendar Analysis On Thursday, watch out for the Bank of England's expected rate hike at 5.25%. It is possible that not only the
The price of Gold plummeted last week due to the US Federal Reserve rate hike. The rate declined as low as 1,942.50/1,943.40, where it found support. Since the event, the price has managed to break the 50, 100 and 200-hour simple moving averages. At mid-Monday, the commodity had reached above 1,970.00. Economic Calendar Analysis This week, the rate could be impacted by
The USD/JPY currency pair has reached the resistance of the 142.70/143.10 range. In addition, it is assumed that the weekly R1 is also acting as resistance. Meanwhile, mid-Monday, support was found in the 142.00 level. Economic Calendar This week, the rate could be impacted by the publication of the US ISM Manufacturing PMI and the JOLTS Job Openings on Tuesday at 14:00
The GBP/USD currency exchange rate has been trading around the 1.2850 mark since mid-Friday. Support is found in the 1.2830/1.2840 range and the 50-hour simple moving average. Resistance is provided by the 1.2870/1.2890 zone, which is strengthened by the weekly simple pivot point at 1.2868 and the 100 and 200-hour simple moving averages. Economic Calendar This week, the rate could be impacted
The EUR/USD has surged above the 1.1000 mark. On Monday, the pair traded in the 1.1005/1.1045 range. It was observed to be ignoring the 50 and 100-hour simple moving averages, the weekly simple pivot point at 1.1035 and the support and resistance range at 1.1020/1.1040. Economic Calendar Analysis This week, the rate could be impacted by the publication of the US
The Federal Reserve hiked just 0.25% that were expected. Moreover, follow up comments by the head of the Federal Reserve have been perceived by the markets as dovish for the USD. Namely, the US Dollar's value and demand for it will not grow due to monetary tightening, as the Fed remains indecisive and "data dependant." The weakness of the US Dollar
The Federal Reserve hiked just 0.25% that were expected. Moreover, follow up comments by the head of the Federal Reserve have been perceived by the markets as dovish for the USD. Namely, the US Dollar's value and demand for it will not grow due to monetary tightening, as the Fed remains indecisive and "data dependant." The decline of USD boosted gold's
The Federal Reserve hiked just 0.25% that were expected. Moreover, follow up comments by the head of the Federal Reserve have been perceived by the markets as dovish for the USD. Namely, the US Dollar's value and demand for it will not grow due to monetary tightening, as the Fed remains indecisive and "data dependant." The GBP/USD reacted to the weakness