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,
At mid-day on Wednesday, the price for gold made an attempt to reach the 1,765.00 level. However, it appeared that the price failed, as it retraced to the 1,755.00 level. Economic Calendar Analysis The day will end with a speech of the US Federal Reserve Chairman Jerome Powell at the Brooking Institution in Washington at 18:30 GMT. On Thursday, note the Core PCE
At mid-day on Wednesday, the USD/JPY currency exchange rate reached above the 139.00 mark and sharply reached 139.50. In the meantime, it was spotted that the 50 and 100-hour simple moving averages are managing to act as support and resistance. Economic Calendar The day will end with a speech of the US Federal Reserve Chairman Jerome Powell at the Brooking Institution in
The 1.1940/1.1960 zone has continued to hold and the GBP/USD remains near the 1.2000 level. Meanwhile, the 50 and 200-hour simple moving averages have revealed that they are not impacting the currency exchange rate. Economic Calendar The day will end with a speech of the US Federal Reserve Chairman Jerome Powell at the Brooking Institution in Washington at 18:30 GMT. On Thursday, note
The EUR/USD currency exchange rate has declined below the combination of the weekly simple pivot point and the 200-hour simple moving average. However, support was eventually found in the 1.0320 level. By mid-Wednesday, the pair had almost recovered to the 1.0400 mark. Economic Calendar Analysis The day will end with a speech of the US Federal Reserve Chairman Jerome Powell at the
The price for gold has recently been trading between the support of the 1,740.00 and resistance of 1,760.00 levels. Meanwhile, the commodity has been ignoring the 50, 100 and 200-hour simple moving averages. At mid-day on Tuesday, the price was approaching the 1,760.00 level. Economic Calendar Analysis Starting with Tuesday, the scheduled fundamental events will start to impact the financial markets. At
This week, the USD/JPY currency pair has been finding support in the combination of the previous November low level and the 137.50 level. In the meantime, it has been spotted that the pair is encountering resistance in the 130.00 mark. During the first half of Tuesday's trading, the pair was heading to the support levels. Economic Calendar Starting with Tuesday, the scheduled
The GBP/USD currency pair has found support in the zone near 1.1950. This zone has acted as support and resistance since November 16. Economic Calendar Starting with Tuesday, the scheduled fundamental events will start to impact the financial markets. At 15:00 GMT, the CB Consumer Confidence could impact the US Dollar's value. On Wednesday, various US events are expected to cause market moves.
Despite the high volatility experienced on Monday, the EUR/USD has returned to trade between the 1.0350 and 1.0400 levels. On Tuesday morning, the pair was finding support in the 200-hour SMA and the weekly simple pivot point near 1.0350. On the other hand, resistance was found in the combination of the 50 and 100-hour simple moving averages near 1.0400. Economic Calendar
The price for gold encountered resistance in the 1,760.00 level on Friday morning. The event was followed by a decline, which by mid-day was passing the 1,745.00/1,750.00 support zone and the 100-hour simple moving average. Economic Calendar Analysis This week notable events are over. Next week, starting with Tuesday, the scheduled fundamental events will start to impact the financial markets. At 15:00
The recovery of the USD/JPY has passed above the 139.00 level, the 50-hour simple moving average and the 139.50 level. However, at mid-day on Friday, the weekly simple pivot point was acting as resistance at 139.60. Economic Calendar This week notable events are over. Next week, starting with Tuesday, the scheduled fundamental events will start to impact the financial markets. At 15:00
On Thursday, the GBP/USD was eventually stopped an reversed by the 1.2150 level. The decline of the Pound against the US Dollar found support in the 50-hour simple moving average at mid-day on Friday. Economic Calendar This week notable events are over. Next week, starting with Tuesday, the scheduled fundamental events will start to impact the financial markets. At 15:00 GMT, the
By the middle of Friday's trading, the EUR/USD had passed below the combined support of the 1.0400 mark and the 55-hour simple moving average. Economic Calendar Analysis This week notable events are over. Next week, starting with Tuesday, the scheduled fundamental events will start to impact the financial markets. At 15:00 GMT, the CB Consumer Confidence could impact the US Dollar's value. On
The release of the worse than expected US Unemployment Claims and Purchasing Managers Indices caused a decline of the US Dollar during the second part of Wednesday's trading. The worse than expected data signalled to the markets that the Federal Reserve might not hike US interest rates as steeply, as previously thought. Namely, the borrowing costs and with it demand
The release of the worse than expected US Unemployment Claims and Purchasing Managers Indices caused a decline of the US Dollar during the second part of Wednesday's trading. The worse than expected data signalled to the markets that the Federal Reserve might not hike US interest rates as steeply, as previously thought. Namely, the borrowing costs and with it demand
The release of the worse than expected US Unemployment Claims and Purchasing Managers Indices caused a decline of the US Dollar during the second part of Wednesday's trading. The fundamental push was enough to cause a surge of the GBP/USD above the resistance zone near 1.1950. Economic Calendar This week notable events are over. Next week, starting with Tuesday, the scheduled fundamental
Due to a broad decline of the US Dollar, the EUR/USD rate has reached a new high level at 1.0448. At that level, the combined resistance of the 1.0450 mark and the weekly R1 simple pivot point at 1.0446 caused a retracement downwards. By the middle of Thursday's European trading hours, the rate had reached the 1.0400 mark. Economic Calendar Analysis This
Throughout this week, the price for gold has fluctuated between the support of the 1,732.50/1,733.20 zone and resistance at 1,745.30/1,749.60. Meanwhile, for short periods of time the 50-hour simple moving average has managed to impact the price. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the financial markets might react to the US Durable Goods Orders and Unemployment Claims publication. Later on, at
The USD/JPY bounced off the resistance zone at 142.05/142.28 on Wednesday morning and declined to the 141.00 level. During the decline, the pair shortly found support in the 50-hour simple moving average. However, after finding support at 141.00, the rate's follow up recovery encountered resistance in the 50-hour simple moving average and the weekly R1 simple pivot point at 141.43. Economic
The combination of the 50 and 100-hour simple moving averages together with the weekly simple pivot point failed to hold. The levels were passed and started to act as support. During the first part of Wednesday's European trading hours, the GBP/USD was approaching the resistance zone near 1.1950, as the weekly simple pivot point provided support at 1.1876. Economic Calendar On Wednesday,
The EUR/USD has continued to recover, as on Wednesday morning the pair reached above 1.0340. During the ongoing surge it was noted that the 50, 100 and 200-hour simple moving averages could barely impact the currency pair's direction. Namely, the SMAs acted as support or resistance only a couple of hours. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the financial markets