The USD/JPY is ignoring the technical levels like the weekly simple pivot point and hourly moving averages. The reason for the moves is the fact that the pair is waiting for the Wednesday's US Federal Reserve Rate hike. Economic Calendar This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00 GMT,
As the title suggests, the GBP/USD has continued to remain near the 1.2400 mark. The pair appears to be waiting for this week's central bank rate hikes, as both the US Federal Reserve and the Bank of England are set to announce rates during this week. Economic Calendar This week, various events will impact the markets. In general, fundamentals are set to
The EUR/USD appears to be waiting for the Federal Reserve rate hike and press conference by trading near the 1.0900 level. Resistance is found at 1.0920/1.0925 and support is located at 1.0835/1.0840. Economic Calendar Analysis This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00 GMT, the Consumer Board Consumer Confidence
At midnight to Thursday GMT time zone, the price for gold almost reached the 1,950.00 mark. However, resistance was encountered and a decline started. By mid-day, the price had reached below 1,935.00. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product
The decline of the USD/JPY passed one technical support level after another until it reached the 129.00 mark on Thursday morning. The round level acted as support and caused a surge up to the 130.00 level. It was observed that the 130.00 mark was acting as resistance. Namely, the main conclusion was that the round exchange rate levels are set
The recovery of the Pound against the US Dollar reached above 1.2400 on Thursday. However, the exchange rate did not reach the 1.2435/1.2450 range. Economic Calendar On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30 GMT. The Advance GDP is the first
On Thursday, the EUR/USD approached the 1.0920/1.0925 zone, which once again acted as resistance. The following decline reached the 50-hour simple moving average and the 1.0900 mark. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30 GMT. The Advance
On Wednesday morning, the price for gold passed below the 50 and 100-hour simple moving averages, the lower trend line of a channel up pattern and the 1,930.00 mark. Essentially, the price had declined due to bouncing off a resistance zone at 1,939.30/1,942.30. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are
The lower trend line of the channel up pattern kept the USD/JPY up for 17 hours straight. On Wednesday, at 09:00 GMT, the currency pair passed below the trend line and a sharp decline had started. By 10:00 GMT, the pair had reached below 130.00. Economic Calendar On Thursday, the US Advance GDP data is set to reveal whether the United States
The Tuesday's decline of the Pound against the US Dollar has found support in the 1.2260/1.2265 range. Afterwards, the pair recovered and reached up to consolidate by trading sideways near the 1.2330 level. On Wednesday morning, the pair was being squeezed in between the weekly simple pivot point's resistance at 1.2333 and the support of the 200-hour simple moving average
The EUR/USD found support in the combination of the weekly simple pivot point and the 100 and 200-hour simple moving averages near 1.0840. The event was followed by a surge. By the middle of Wednesday's European trading hours, the pair had reached above 1.0900 and was testing the resistance of the weekly R1 simple pivot point at 1.0906. By 12:00 GMT,
After consolidating and finding support at 1,910.00, the price for gold has surged and by mid-Tuesday the 1,940.00 mark was pierced. Next target for the surge was the 1,950.00 level. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30
This week, the USD/JPY continued to trade near 130.50. Meanwhile, it was spotted that the currency pair has been ascending in a channel up pattern since January 18. Economic Calendar On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30 GMT. The Advance
On Tuesday, the GBP/USD failed at reaching above 1.2400. The event was followed by a sharp decline, which by 12:30 GMT had reached below 1.2300 and the 200-hour simple moving average. Economic Calendar On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30
In the aftermath of shortly trading above the 1.0900 mark, the EUR/USD has retreated. On Tuesday the pair was finding support in the 1.0860 level and resistance was provided by 1.0900. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at
The price for gold has returned to the support zone at 1,896.50/1,901.50. The support zone has held and keeps the price up. Meanwhile, it has been observed that the 50 and 100-hour simple moving averages are failing to impact the commodity price. Economic Calendar Analysis Watch out for the incoming release of the European, UK and US Manufacturing and Services Purchasing Managers
In the aftermath of the volatility and testing of the 131.50 mark, which was caused by the bank of Japan, the USD/JPY currency pair has returned to trade between 128.00 and 129.00. It was observed that the 50-hour simple moving average near 129.00 had turned into resistance, as the 128.00 mark acted as support. Economic Calendar Watch out for the incoming release
The major surge of the Pound against the US Dollar has stopped at the 1.2436 level. This level marks the start of the December high level zone. The zone is located from 1.2435 up to 1.2450. The resistance was enough to cause a decline of the pair below 1.2350. Economic Calendar Watch out for the incoming release of the European, UK and
The fourth attempt to pass the resistance zone of 1.0865/1.0875 pierced the range, but eventually retraced back down. From a technical perspective the situation remains unchanged, as the EUR/USD is finding support near 1.0790 and resistance is still at 1.0865/1.0875. Meanwhile, note that the pair has been slightly impacted by the combination of the 50 and 100-hour simple moving averages near
The price for gold shortly reached below the 1,900.00 mark on Wednesday morning. The commodity price eventually started a recovery. Economic Calendar Analysis Watch out for the publication of the US Producer Price Index data on Wednesday at 13:30 GMT. The data will reveal inflation at the production level. In addition, the US Retail Sales data is set to be published together
The announcements of the Bank of Japan this morning caused a major increase of volatility. The pair surged up to the resistance of the 131.50 level. However, by the middle of the day's European trading hours, the pair had retraced back to 129.00. Economic Calendar Watch out for the publication of the US Producer Price Index data on Wednesday at 13:30 GMT.
The GBP/USD currency pair has surged on Wednesday morning. The pair broke the weekly R1 at 1.2288 and soon after easily passed the 1.2300 mark and the weekly R2 simple pivot point at 1.2353. Economic Calendar Watch out for the publication of the US Producer Price Index data on Wednesday at 13:30 GMT. The data will reveal inflation at the production level.
The EUR/USD was approaching the support of the 1.0750 level, as a surge started. The surge was caused due to a broad decline of the US Dollar, which was caused by a strengthening of the Japanese Yen. On the EUR/USD charts it resulted in a test and failure at passing the resistance zone at 1.0865/1.0875. Economic Calendar Analysis This week, watch out
The surge of gold has continued, as the resistance of the 1,900.00 mark was eventually passed and turned into support. This week, the price almost reached the 1,930.00 level, before retracing to look for support in the 1,910.00 level and the 50-hour simple moving average. Economic Calendar Analysis Watch out for the publication of the US Producer Price Index data on Wednesday