The EUR/USD has found support in the 1.0223/1.0226 range. This range provided enough support for the pair to reach above 1.0250. On Tuesday morning, the currency exchange rate was heading to the 50 and 200-hour simple moving averages near 1.0290/1.0300. Economic Calendar Analysis The Euro's value might adjust to the Wednesday's publication of the European Services and Manufacturing Purchasing Managers Indices in
The price for gold has declined below the combination of the 1,750.00 mark and the 200-hour simple moving average. By the start of Monday's US trading hours, the commodity price had almost reached the 1,735.00 level. 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 14:45
On Monday, an all out US Dollar's surge occurred. On the USD/JPY chart it resulted in a surge to the 142.00 level, which acted as resistance. Economic Calendar On Wednesday, at 13:30 GMT, the financial markets might react to the US Durable Goods Orders and Unemployment Claims publication. Later on, at 14:45 GMT, the Markit Services and Manufacturing Purchasing Managers Indices for the
The 1.1950 eventually provided enough resistance for the GBP/USD pair to decline. On Monday, the pair was finding support in the 1.1800 mark. Economic Calendar On Wednesday morning, at 09:30 GMT, the UK Flash Manufacturing and Services PMIs might impact the pair through an adjustment of the Pound's value. On Wednesday, at 13:30 GMT, the financial markets might react to the US Durable
On Monday, the EUR/USD passed below the 200-hour simple moving average near 1.0280, the 1.0250 mark and the weekly S1 simple pivot point at 1.0236. Economic Calendar Analysis The Euro's value might adjust to the Wednesday's publication of the European Services and Manufacturing Purchasing Managers Indices in the span from 08:15 up to 09:00 GMT. On Wednesday, at 13:30 GMT, the financial markets
The support of the 50-hour SMA eventually failed to push the commodity price through the resistance of the 1,784.20/1,786.60 zone. On Thursday morning, the follow up decline passed below the 1,766.15/1,768.30 range and the 100-hour simple moving average. Economic Calendar Analysis Next week, the Euro's value might adjust to the Wednesday's publication of the European Services and Manufacturing Purchasing Managers Indices in
On Thursday morning, the USD/JPY rate was reached by the additional resistance of the 100-hour simple moving average near 139.60. Economic Calendar Next week, the Euro's value might adjust to the Wednesday's publication of the European Services and Manufacturing Purchasing Managers Indices in the span from 08:15 up to 09:00 GMT. On Wednesday, at 13:30 GMT, the financial markets might react to the
Since Tuesday, the GBP/USD currency exchange rate has been pushed up by the 50-hour simple moving average. The SMA has been strong enough to force the rate through the resistance of the 1.1900 mark. Economic Calendar Next week, the Euro's value might adjust to the Wednesday's publication of the European Services and Manufacturing Purchasing Managers Indices in the span from 08:15 up
The situation on the EUR/USD charts remains almost unchanged. On Thursday, the 100-hour simple moving average had caught up with the pair and was acting as support near 1.0350. Economic Calendar Analysis Next week, the Euro's value might adjust to the Wednesday's publication of the European Services and Manufacturing Purchasing Managers Indices in the span from 08:15 up to 09:00 GMT. On Wednesday,
Since early Tuesday's trading hours, the price for gold has been fluctuating between the support of the 1,766.15/1,768.30 zone and resistance at 1,784.20/1,786.60. On Wednesday morning, the commodity was observed to be finding support in the 50-hour simple moving average near 1,770.00. Economic Calendar Analysis This week, the US Retail Sales data release might impact the financial markets through the value of
This week, the USD/JPY currency pair has been mostly located below the 140.00 mark, as on Tuesday the pair even shortly traded below 138.00. Economic Calendar This week, the US Retail Sales data release might impact the financial markets through the value of the US Dollar. The data is scheduled to be published on Wednesday at 13:30 GMT. Hourly Chart A resumption of
In the aftermath of bouncing off the weekly R1 simple pivot point at 1.2026, the GBP/USD found support in the combination of the 1.1800 level and the 50-hour simple moving average. On Thursday morning, the recovery of the pair encountered resistance in the 1.1900 level. It could be clearly observed that round levels impacted the currency pair. Economic Calendar This week, the
The EUR/USD has found support in the 50-hour simple moving average, which has been strengthening the 1.0350 level. The combination of these levels was enough to start a surge. Economic Calendar Analysis This week, the US Retail Sales data release might impact the financial markets through the value of the US Dollar. The data is scheduled to be published on Wednesday at
The US Federal Reserve caused major USD volatility, which ended with a strengthening of the US Dollar. By the end of the event the price for gold had declined to 1,635.00. Economic Calendar Analysis On Thursday, at 14:00 GMT, the US ISM Services PMI is expected to impact the value of the US Dollar. On Friday, more important data will be published. At
The initial announcement of the US Federal Reserve rate hike caused a decline of the USD/JPY to the late October low level zone at 145.13/145.67, which acted as support. Afterwards, explanations about policy that were given by the head of the US Federal Reserve Jerome Powell, caused a surge of the pair. Economic Calendar On Thursday, the Bank of England is
Despite an initial boost due to the markets seeing something dovish in the US Federal Reserve Rate statement, as the US Federal Reserve Chairman Jerome Powell explained the position of the central bank, the GBP/USD plummeted below 1.1400. Next up, watch the reaction from the Bank of England rate hike. Economic Calendar On Thursday, the Bank of England is scheduled to also hike
Initially, markets saw something bearish to the USD in the Federal Reserve rate hike. The EUR/USD surged and almost reached the 1.0000 mark. However, as the Chairman of the Federal Reserve Jerome Powell hosted the Press Conference, he explained that the Federal Reserve is not about to pivot and stop the monetary tightening policy. This resulted in a drop of
On Friday, the US Dollar strengthened due to the major monetary easing being set to continue in Japan. As the Dollar index gained strength, the price for gold declined. By the middle of the day, the price had reached below 1,650.00. Economic Calendar Analysis During the week, it is all about the US Dollar associated fundamental data, surveys and central bank policy.
Despite the massive depreciation of the Japanese Yen and currency interventions done by the Bank of Japan, the central bank has recently announced that it would stick to its monetary easing policy. The central bank has kept its short term interest rate target at -0.1% and pledged to keep the 10-year bond yield near 0.0%. Moreover, the policymakers stated that
The GBP/USD has passed below the combined support of the lower trend line of a channel up pattern, the 1.1550 level and the 50-hour simple moving average. In the near term future, the pair is expected to find support and resistance in round exchange rate levels. Economic Calendar During the week, it is all about the US Dollar associated fundamental data, surveys
Despite initially holding, the support of the lower trend line of the channel up pattern and the 1.0000 mark failed. By the middle of Friday's trading, the pair had reached below 0.9950. Economic Calendar Analysis During the week, it is all about the US Dollar associated fundamental data, surveys and central bank policy. Only exception is the Bank of England rate decision
In general, the price for gold has been almost flat. On Thursday, the price descended below the 50-hour simple moving average and touched the 1,655.00 level. Economic Calendar Analysis On Friday, the US Core PCE Price Index is scheduled to be published at 12:30 GMT. This inflation measure is watched by the US Federal Reserve when setting their policy. XAU/USD short-term forecast If
The USD/JPY currency pair reached the support of the weekly S1 simple pivot point on Thursday morning at 145.19. Meanwhile, it was spotted that the recent decline of the US Dollar against the Japanese Yen was guided by a trend line, which connects the pair's this week's high levels. Economic Calendar On Friday, the US Core PCE Price Index is scheduled to
In general, the GBP/USD encountered resistance in the weekly R2 simple pivot point at 1.1644. A decline followed, and at mid-day on Thursday, the 1.1550 level provided support and a surge started. At the time of writing, 14:30 GMT, the rate was heading to once again test the weekly R2 at 1.1644 and the 1.1650 level. Economic Calendar On Friday, the US