On Thursday morning, the EUR/USD found support in the 200-hour simple moving average near 0.9755. The support was enough to cause a retracement to the combined resistance of the levels near 0.9800. Namely, the 0.9800 mark, the 100-hour SMA and the 50-hour SMA were located at 0.9795/0.9810. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact
On Wednesday, the price for gold passed below the 1,640.00 level's support. By the middle of the day, the pair had reached the 1,630.00 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve Manufacturing Index
Due to an unknown reason on Tuesday, the USD/JPY pair dipped down to 148.15. It could be possible that the Bank of Japan made another attempt to intervene in the forex market. However, an hour later the rate was back above 149.00. On Wednesday, the surge continued, as by mid-day the rate was at 149.75. Economic Calendar This week, there is only
The GBP/USD pair reached below the support of the channel up pattern, which afterwards turned into resistance. Once the pair approached the combined resistance of the 1.1350 level and the trend line, a decline started. At 06:00 GMT the decline increased due to the publication of the UK Consumer Price Index. It was revealed that year-on-year basis inflation in September
On Wednesday, the EUR/USD declined below the support levels near 0.9800 and reached the 0.9760 level. During the second part of the day the pair fluctuated between the 0.9760 and 0.9800 levels. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due
Despite attempting to recover at mid-day on Monday, the price for gold has returned to trade near the 1,650.00 level. On Tuesday morning, the pair attempted a recovery and failed due to the resistance of the 100-hour SMA and the 1,660.00 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the
The USD/JPY has reached not only above the 148.85 level, but also the 149.00 mark. Economic Calendar This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve Manufacturing Index release at 12:30 GMT. Hourly Chart On Tuesday morning, the pair
On Thursday, the GBP/USD currency pair reached above the 1.1400 mark and almost reached the 1.1450 level. However, before reaching the 1.1450 level, the GBP started a decline against the USD. During the early hours of Tuesday's trading, the pair as finding support in the 1.1300 level. Meanwhile, it was spotted that the rate has been surging in a channel
The EUR/USD broke the resistance of the 0.9800 level on Monday. By the middle of Tuesday's trading, a follow up surge had reached above the 0.9850 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve
The price for gold found support in the 1,640.00 level and the zone above it. On Monday, the price had recovered and reached above 1,650.00. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve Manufacturing Index
On Friday, the surge of the USD/JPY currency pair almost reached the 149.00 mark. However, resistance was encountered at 148.85. Since the event, the pair has been consolidating in the range between 148.40 and 148.85. Economic Calendar This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could
The Friday's decline of the GBP/USD pair found support in the 1.1150 level. By the start of Monday's European trading, the rate had recovered to the 1.1300 mark. Economic Calendar This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve
On Friday, the EUR/USD was highly volatile in the 0.9700/0.9800 range. On Monday, the pair was trading near the 0.9750 level. Economic Calendar Analysis This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve Manufacturing Index release at 12:30 GMT.
The US Consumer Price Index release caused major volatility up and down on all US Dollar involved charts. On the gold price charts it resulted in a drop below 1,645.00 and a follow up recovery above 1,670.00. Above the 1,670.00 level, the 100-hour simple moving average acted as resistance and caused a decline. By the middle of Friday's trading, the price
The high volatility of the US Consumer Price Index found support in the combination of the 146.50 level and the 50-hour simple moving average. Afterwards, the 147.00 mark turned into support and by the middle of Friday's trading, the pair had reached above 147.70. Namely, the pair traded above the 1998 high level of 147.60. Economic Calendar On Friday, at 12:30 GMT,
The GBP/USD currency exchange rate eventually surged after the US CPI release. The surge found resistance in the 1.1350/1.1375 zone, before starting a decline on Friday's morning. Economic Calendar On Friday, at 12:30 GMT, the US Retail Sales data could also impact the financial markets. GBP/USD short-term view An extension of the ongoing decline could look for support in the combination of the
The EUR/USD plummeted as higher than expected US inflation was revealed at mid-day on Thursday. However, as an hour passed and the US markets opened, the US Dollar declined against all assets. On the pair's charts it resulted in a surge to the resistance of the 0.9800 level. The round level acted as resistance and by mid-Friday the pair was back
Since October 11, the price for gold was almost flat, as the markets expected the US Consumer Price Inflation data at 12:30 GMT. The news are set to massively impact the US Dollar's value. Subsequently, the price for gold is set to adjust. Economic Calendar Analysis On Thursday, the top event of the week will take place. The United States Consumer Price
First of all, the surge of the USD/JPY has respected the upper trend line of the channel up pattern. However, the trend line might have been strengthened by the 147.00 level. Since the event, the rate retraced to the combined support of the weekly R2 simple pivot point at 146.64 and the 146.65 level. Up to mid-Thursday, the rate was
Prior to the US Consumer Price Index release, the GBP/USD approached the resistance zone at 1.1175/1.1180. Future direction depends on the US CPI at 12:30 GMT. Economic Calendar On Thursday, the top event of the week will take place. The United States Consumer Price Index is scheduled to be published at 12:30 GMT. On Friday, at 12:30 GMT, the US Retail Sales
As the EUR/USD waited for the US CPI release on Thursday at 12:30 GMT, the pair remained in previous range. The future direction will be set by the macroeconomic data release. High inflation will beat the rate down and low inflation will cause a surge. Economic Calendar Analysis On Thursday, the top event of the week will take place. The United States
The 1,657.50/1,662.50 zone has acted as support and held the price for gold up. Meanwhile, note that a surge up to the 1,685.00 was caused by fundamental news from the Bank of England. However, on Wednesday morning, the pair was once again at the support zone. Economic Calendar Analysis This week, the markets are looking forward for the monthly United States inflation
The USD/JPY trades above the levels, where the Bank of Japan intervened with a 20 billion USD purchase of the Japanese Yen. The central bank appears to have failed at its attempt to stop the rate from reaching new highs. On Wednesday morning, the currency rate was clearly heading to the 146.50 level. In the meantime, it has been spotted that
Announcements made by the Bank of England to pension funds and the broader markets increased the Pounds volatility. On the GBP/USD charts the result was a surge up to 1.1175/1.1180 and a follow up decline down to 1.0920/1.0935. On Wednesday morning, the currency pair had recovered to the combined resistance of the 1.1050 level and the 50-hour simple moving average. Economic Calendar This