The United States Bureau of Labour statistics has just now released the latest Consumer Price Index data. The data reveals how the US inflation has changed during the last month. All data numbers hit the forecasts. On the GBP/USD charts the event resulted in an attempt to reach the resistance of the 1.2250 mark. However, the pair apparently reversed near 1.2140. Economic
The United States Bureau of Labour statistics has just now released the latest Consumer Price Index data. The data reveals how the US inflation has changed during the last month. All data numbers hit the forecasts. On the EUR/USD charts it resulted in a surge up to the resistance of the weekly R2 simple pivot point, which is located at the
The additional support of the 50-hour simple moving average was enough to cause a move of the price for gold above the 1,879.30/1,881.60 resistance zone. Economic Calendar Analysis This week, the US Consumer Price Index release is set to dictate the short term direction of all financial markets. The data will be published on Thursday at 13:30 GMT. XAU/USD short-term forecast A
During the first half of Wednesday's trading hours, the USD/JPY currency pair was testing the resistance of the 132.45/132.65 zone. Economic Calendar This week, the US Consumer Price Index release is set to dictate the short term direction of all financial markets. The data will be published on Thursday at 13:30 GMT. Hourly Chart A recovery of the US Dollar and move
The GBP/USD currency exchange rate remains near 1.2150, as it expects the release of the US Consumer Price Index and the UK GDP data. Economic Calendar This week, the US Consumer Price Index release is set to dictate the short term direction of all financial markets. The data will be published on Thursday at 13:30 GMT. In addition, GBP traders are set
The EUR/USD continues to wait for the US Consumer Price Inflation data, as the pair trades almost flat near 1.0750. Economic Calendar Analysis This week, the US Consumer Price Index release is set to dictate the short term direction of all financial markets. The data will be published on Thursday at 13:30 GMT. EUR/USD hourly chart In the case of the 1.0750 mark
Throughout this week, the price for gold has been fluctuating between the support of the 1,867.90/1,870.40 range and resistance at 1,879.30/1,881.60. In the meantime, the 50-hour simple moving average had caught up with the commodity. Economic Calendar Analysis This week, the US Consumer Price Index release is set to dictate the short term direction of all financial markets. The data will be
The USD/JPY currency pair has been fluctuating between the support of the 131.30/131.40 zone and resistance at 132.45/132.65 since the start of this week's trading. Meanwhile, the pair was observed to be ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 131.90/132.50. Economic Calendar This week, the US Consumer Price Index release is set to
The surge of the GBP/USD, which followed the US employment data release, encountered resistance in the 1.2200 mark. The round exchange rate level held and caused a decline. By mid-Tuesday's trading, the currency pair had reached the support of the 1.2100/1.2115 range. Economic Calendar This week, the US Consumer Price Index release is set to dictate the short term direction of all
From a technical perspective the support of the 1.0500 has held and caused a surge. However, the recent surge has been attributed to the US employment data release on Friday at 13:30 GMT, which caused a broad USD decline. By the start of this week, the pair had reached and was testing the resistance of the 1.0750 level. Economic Calendar Analysis This
On Thursday, the US Dollar strengthened due to better than expected US Unemployment Claims and ADP Non-Farm Employment data. This resulted in a decline of the price of gold down to the support of the 1,825.00 level. The support was enough to cause a recovery up to the 1,840.00 level. Economic Calendar Analysis On Friday, The United States employment data release at
On Thursday, the US Dollar strengthened due to better than expected US Unemployment Claims and ADP Non-Farm Employment data. The following surge had reached the late December high level zone 134.50. Economic Calendar On Friday, The United States employment data release at 13:30 GMT is highly likely going to impact the US Dollar. Later on, at 15:00 GMT the ISM Services PMI
On Thursday, the US Dollar strengthened due to better than expected US Unemployment Claims and ADP Non-Farm Employment data. By the middle of Friday's trading, the follow up decline had reached below 1.1850 and was located near the weekly S2 simple pivot point's support at 1.1839. Economic Calendar On Friday, The United States employment data release at 13:30 GMT is highly likely
On Thursday, the US Dollar strengthened due to better than expected US Unemployment Claims and ADP Non-Farm Employment data. On the EUR/USD chart it resulted in a decline below the 1.0575/1.0595 zone. By the middle of Friday's trading hours, the pair had reached the 1.0500 mark. Economic Calendar Analysis On Friday, The United States employment data release at 13:30 GMT is highly
The price for gold has reached above 1,850.00. On Wednesday morning, the pair touched the 1,865.00 level, which acted as resistance and the commodity retraced to look for support in 1,850.00. Economic Calendar Analysis On Thursday, the US ADP Non-farm Employment Change might impact the value of the US Dollar at 13:15 GMT. On Friday, The United States employment data release at
On Wednesday, the USD/JPY surged and managed to reach above 131.50. By the end of the day's European trading hours, the pair had reached above 132.50. Economic Calendar On Thursday, the US ADP Non-farm Employment Change might impact the value of the US Dollar at 13:15 GMT. On Friday, The United States employment data release at 13:30 GMT is highly likely going
The GBP/USD pair has managed to recover, as on Wednesday it was encountering resistance in the weekly simple pivot point at 1.2089. Meanwhile, support was found in the 1.2000/1.2025 zone. Economic Calendar On Thursday, the US ADP Non-farm Employment Change might impact the value of the US Dollar at 13:15 GMT. On Friday, The United States employment data release at 13:30 GMT
On Wednesday, the EUR/USD reached the combined resistance of the weekly R1 simple pivot point at 1.0629 and the 100 and 200-hour simple moving average. Afterwards, the pair was finding support in the 1.0575/1.0595 zone. At 19:00 GMT the US Federal Reserve Meeting Minutes were released, which revealed that the Fed is not considering any rate cuts in 2023. In theory,
The price for gold continued to surge, as it eventually managed to break the 1,825.00 mark and the December high level at 1,833.20. On Tuesday morning, the commodity price reached the 1,850.00 mark. However, as the US futures markets opened, major demand for the USD caused a decline of all commodities. By mid-day, the price had retraced to the 1,830.00
With the opening of the US futures market, the USD experienced major demand, which pushed the USD/JPY currency pair up to the combined resistance of the 131.00 mark and the 50-hour simple moving average. However, prior to the recovery the pair had reached the 129.50 level. Economic Calendar This week, on Wednesday, the US ISM Manufacturing PMI and JOLTS Job Openings could
The opening of the US futures market caused major demand for the US Dollar, which beat down currency exchange rates. The GBP/USD sharply plummeted to the 1.1900 mark, where it found support. By mid-Tuesday it appeared that the weekly S1 simple pivot point and the 1.1940 level were acting as resistance. Economic Calendar This week, on Wednesday, the US ISM Manufacturing PMI
As the US futures markets started 2023 trading on Tuesday morning, the US Dollar strengthened. As a result the EUR/USD plummeted, as by 11:00 GMT, the pair had reached 1.0520. Economic Calendar Analysis This week, on Wednesday, the US ISM Manufacturing PMI and JOLTS Job Openings could cause an adjustment in the value of the US Dollar at 15:00 GMT. Afterwards, at 19:00
Most recently the price for gold has been finding support in the 1,815.00 level an resistance was encountered at 1,825.00. In the meantime, the pair was being approached from below by the 50, 100 and 200-hour simple moving averages near 1,810.00. Economic Calendar Analysis This week, on Wednesday, the US ISM Manufacturing PMI and JOLTS Job Openings could cause an adjustment in
The USD/JPY encountered resistance in the 134.50 level, before starting a broad decline. By the start of 2023, the pair had reached below 131.00 mark, which acted as resistance. Meanwhile, support appears to be provided by the December 20 low level at 130.57. Economic Calendar This week, on Wednesday, the US ISM Manufacturing PMI and JOLTS Job Openings could cause an adjustment