The support of the 200-hour simple moving average was enough for the price of gold to move above the 50 and 100-hour simple moving averages and the 1,785.20/1,786.30 range. During Thursday's trading, the metal encountered resistance in the 1,795.00 level, before retracing to the zone, which appeared to have turned into support. Economic Calendar Analysis On Friday, the US Producers Price Index
The USD/JPY passed the ascending support trend line in a sharp move, which eventually paused near 136.30. Throughout Thursday's trading, the pair fluctuated between 136.30 and 137.20. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes in the United States at the production level. In general, it is assumed that producer
On Thursday, the GBP/USD pair found support in the weekly simple pivot point at 1.2162 and surged to the 1.2250 level. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes in the United States at the production level. In general, it is assumed that producer level inflation is followed afterwards by
The recovery of the EUR/USD initially stalled at the 1.0550 level. However, after retracing down and finding support in the 50-hour simple moving average, the pair eventually surged above 1.0550. Economic Calendar Analysis On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes in the United States at the production level. In general, it
The recovery from the 1,764.00/1,766.15 range found resistance in the 1,780.00 level. Afterwards, a decline appears to be finding support in the 200-hour simple moving average near 1,770.00. By mid-Wednesday, the price remained above the 200-hour SMA, as the 50-hour SMA approached from above and acted as resistance. Namely, the price is expected to get squeezed in between the
By mid-Wednesday, the USD/JPY currency pair reached the 137.80 level. Meanwhile, it was spotted that the pair might be supported by an ascending supporting trend line. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes in the United States at the production level. In general, it is assumed that producer level
The weekly simple pivot point at 1.2162 eventually failed to keep the pair up and on Wednesday morning the GBP/USD almost reached the 1.2100 level. However, by mid-day the rate had recovered and reached the 1.2180 level, where resistance was provided by the 50-hour simple moving average. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are
The EUR/USD eventually passed below the support of the 100-hour simple moving average near 1.0490 and the weekly simple pivot point at 1.0456. However, on Wednesday morning, the pair found support in the 200-hour simple moving average near 1.0440. In addition, it appears that the 1.0450 level acted as support. By the middle of Wednesday's trading, the rate had recovered and
The price for gold eventually declined, as a broad asset sell off occurred on Monday. The decline passed below both support zones near 1,795.00 and 1,785.00. Eventually, the decline ended, as the commodity price found support in the 1,764.00/1,766.15 range. On Tuesday morning, the range was strengthened by the 200-hour simple moving average, which appeared to be pushing the
The recovery of the US Dollar against the Japanese Yen has reached the combination of the 137.50 level and the 200-hour simple moving averages, which have acted as resistance. Meanwhile, on Tuesday morning it was spotted that support was found in the 136.50 level. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal
The retracement downwards of the Pound against the US Dollar found support in the weekly simple pivot point at 1.2162. On Tuesday morning, the pair was approached by the 100-hour simple moving average near 1.2180 and it appeared to have started to push the pair up. Economic Calendar On Friday, the US Producers Price Index and Core Producers Price Index are set
The EUR/USD has passed the support of the 50-hour simple moving average and the 1.0500 mark. Moreover, the recent channel up pattern was broken. On Tuesday morning, the currency pair was finding support in the 100-hour simple moving average near 1.0480. Economic Calendar Analysis On Friday, the US Producers Price Index and Core Producers Price Index are set to reveal inflation changes
In general, the price for gold has increased volatility due to US fundamental events. Namely, the US employment data caused a drop below the support ranges near 1,795.00 and 1,785.00. However, a recovery followed, which reached the resistance of the 1,810.00 level on Monday morning. Economic Calendar Analysis On Monday at 15:00, the US ISM Services Purchasing Managers Index might impact the
The USD/JPY currency pair eventually found support in the 133.60/133.70 range on Friday morning. Afterwards, the US Dollar surged due to the higher than expected US monthly employment data, but encountered resistance in 136.00. By 08:00 GMT on Monday, the pair was trading near the 135.00 mark, which was strengthened by the 50-hour simple moving average. Economic Calendar On Monday at 15:00,
The release of the US employment data caused a drop of the GBP/USD down below 1.2150. However, three hours later, the pair had recovered back to 1.2300. On Monday morning, the pair moved above 1.2300 and approached the 1.2350 mark, before a retracement downwards started. Economic Calendar On Monday at 15:00, the US ISM Services Purchasing Managers Index might impact the US
The EUR/USD currency exchange rate had reached a new high level on Monday morning, as the pair touched the 1.0585 level. However, the event was followed by a decline, as by 08:00 GMT the pair was below 1.0550. Economic Calendar Analysis On Monday at 15:00, the US ISM Services Purchasing Managers Index might impact the US Dollar's value. On Friday, the US
The string of news, which have caused a decline of the USD, have propelled the price for gold above 1,800.00. The price has passed above 1,785.20/1,786.30 zone and the 1,800.00 mark. On Friday, it was assessed that the commodity was finding support in the 1,795.00 level and resistance at 1,805.00. Namely, the pair was trading around 1,800.00. Economic Calendar Analysis The week
The continuous decline of the USD/JPY has been fuelled by US fundamental data like employment numbers and inflation. In addition, central bank comments have kept the USD loosing value. By the middle of Friday's trading, the pair was heading to the 133.50 level. Economic Calendar The week is set to end with the release of the United States employment data at 13:30
The publication of the Core PCE Price Index has caused a decline of the US Dollar, which is boosting the financial markets and peer currencies. On the GBP/USD charts it has resulted in a test of the 1.2300 mark. The Core PCE Price Index is the main measure that the US Federal Reserve has admitted to be using to in determining
The publication of the Core PCE Price Index at 13:30 GMT on Thursday, has caused a decline of the US Dollar, which is boosting the financial markets and peer currencies. The Core PCE Price Index is the main measure that the US Federal Reserve has admitted to be using to in determining its policy. The inflation index revealed that price had
The price for gold has surged due to the comments made by the head of the US Federal Reserve Jerome Powell. Namely, the policymaker stated that the US Fed might slow down their restrictive monetary policy implementation. Due to that reason the US Dollar plummeted against other assets. Economic Calendar Analysis On Thursday, note the Core PCE Price Index release at 13:30
Comments about potential reduction of interest rate hikes by the Chairman of the US Federal Reserve Jerome Powell have caused a drop of the US Dollar. By the middle of Thursday's European trading hours, the pair had reached the 136.00 level. Economic Calendar On Thursday, note the Core PCE Price Index release at 13:30 GMT. The US monetary policymakers watch this index
On Wednesday, the GBP/USD reacted to fundamentals. In general, the pair initially reached below the 1.1940/1.1960 zone, before finding support in the 1.1900 mark. Afterwards, comments made by the head of the US Federal Reserve caused a surge of the pair, as the USD lost value. By the middle of Thursday's trading hours, the pair had reached above 1.2100. Economic Calendar On
The EUR/USD has reacted to US fundamentals. Namely, the speech of Jerome Powell revealed that the Chairman of the United States Federal Reserve is considering earlier end of interest rate hikes. This indicates that the base rate of the USD would be lower than previously expected. As a result, the USD sharply declined. By the start of Thursday's European trading hours,