The GBP/USD has jumped due to the higher than expected UK inflation data release at 06:00 GMT. Namely, it indicated that the Bank of England has to hike rates even more to stop inflation. However, two hours later, the US St. Louis Federal Reserve President Bullard stated that there is no upcoming recession and the US Fed will continue to
The EUR/USD has revealed a support and resistance zone. Most recently, the pair bounced off the resistance of the 1.0982/1.0984 range. On Wednesday morning, the pair passed the combination of the weekly simple pivot point and the 50 and 200-hour simple moving averages. The ongoing decline of the pair is expected to look for support in the 1.0910 level,
The resistance of the 2,050.00 mark held and caused a drop to the 2,000.00 mark. The commodity price appears to be fluctuating around the 2,000.00 mark. A decline of the commodity price is expected to look for support in the 1,985.00 level that acted as support on April 9. Further below, other round levels might act as support. On the other
The USD/JPY has pierced the high level zone at 133.87/134.00. The recent surge has been part of a broader USD recovery against other currencies. A move above 134.00 might encounter resistance in 134.50 and the weekly R1 at 134.58. Higher above, note the 135.00 mark, which has acted as support and resistance during February and March. However, a potential decline of
The GBP/USD plummeted late on Friday, as the pair dropped from 1.2540 down to 1.2400. On Monday, the rate reached to 1.2380, before recovering. At mid-day the pair traded near the combined resistance of the weekly simple pivot point at 1.2433, the 1.2440 level and the 200-hour simple moving average. A move above 1.2440 could face resistance in the combination of
The EUR/USD bounced off 1.1080 and declined. By mid-Monday the rate had reached below 1.0980. Meanwhile, the 1.1000 mark was acting as resistance. A move below 1.0960 and the weekly simple pivot point at 1.0966 could look for support in the 1.0950 level and the 200-hour simple moving average. If the rate passes below 1.0950, the 1.0900 mark could
The price for gold almost hit the 2,050.00 level, as the US Producer Price Index data caused a drop of the US Dollar at mid-day on Thursday. However, after two attempts to reach the round price level, the commodity started a decline. By mid-Friday, the price had almost reached back to 2,030.00. An extension of the decline could find support in
The USD/JPY currency exchange rate has been observed to be finding support in the weekly simple pivot point at 132.17. Meanwhile, the 132.50 level and the 200-hour simple moving average appear to be acting as minor support and resistance. At mid-day on Friday, the pair reached above 132.50. A recovery of the US Dollar against the Yen could be slowed down
The GBP/USD was about to hit the 1.2550 mark on Friday, as it started a decline. By mid-day, the rate appeared to be passing below the support of the 1.2500 mark and the 50-hour simple moving average. Below the 1.2500 mark, support might be found in the 1.2450 level and the 100 and 200-hour simple moving averages near that level.
The EUR/USD currency pair extended its surge due to the decrease in US Producer Price Inflation, which beat down the value of the USD. By mid-Friday, the pair had reached the weekly R2 simple pivot point at 1.0732. A move higher might encounter resistance in the 1.1100 and 1.1150 levels, prior to testing the weekly R3 simple pivot point at
The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. The price of gold reacted to the news with high volatility, before starting a surge. By the middle of Thursday's trading, the
The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. Due to the news, the rate declined to the support of the 133.00 level and the 100-hour simple moving average. Meanwhile,
The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. On the GBP/USD charts it resulted in a surge, which by mid-Thursday was testing the resistance of the April high level zone
The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. As a result, the EUR/USD currency pair has surged. By the middle of Thursday's trading, the pair was above 1.1025. A
The price for Gold retreated below 2,000.00 on Monday, before finding support in the combination of the 1,990.00 level and the 200-hour simple moving average. At mid-day on Tuesday, the commodity price was testing the resistance of the 2,000.00/2,010.00 range. A move above 2,010.00 might encounter resistance in round price levels, before reaching the 2,050.00 mark. On the other hand, a
The USD/JPY currency pair's surge appears to have bounced off the 134.00 mark. The following decline has approached and found support at 133.00. Meanwhile, the rate is being approached by the 50-hour simple moving average. A decline below 133.00 and the 50-hour SMA might look for support in the 132.50 level and the 200-hour simple moving average. Further below, the weekly
The GBP/USD has found support in the 1.2350 level. The event has been followed up with a surge to the 1.2450 mark. In the case of the rate moving above 1.2450, the currency pair would most likely face resistance in the 1.2500 level. Higher above, the April high zone is bound to act as resistance at 1.2510/1.2525. However, a decline
The EUR/USD revealed a support zone below 1.0840 on Monday. The support zone was enough to cause a surge, which by mid-Tuesday had managed to reach above the technical levels near 1.0900. The ongoing surge of the Euro against the US Dollar is expected to encounter resistance in the 1.0920 and 1.0940 levels. Higher above, note the April high
The price for gold did not manage to properly surge above 2,030.00. The price declined and found support initially in the 2,010.00 level. By mid-Thursday the decline had extended and the price was finding support at 2,000.00. A decline below 2,000.00 could look for support in the 100-hour simple moving average near 1,995.00 and the 200-hour SMA near 1,980.00. Meanwhile, a resumption
Despite being pierced, the 131.00 level has acted as support. The level continued to keep the rate up up to mid-Thursday when the pair traded above 131.50. The currency pair might encounter resistance in the 132.00 mark, the 100 and 200-hour simple moving averages and the weekly simple pivot point at 132.27. Above these levels, the 132.50 and 133.00 levels could
The GBP/USD continued to decline on Thursday. By mid-day the pair had reached below the weekly R1 at 1.2428 and the 100-hour simple moving average. A move below 1,2400 could look for support in the 200-hour simple moving average near 1.2380. Further below, note the 1.2350 level and the weekly simple pivot point at 1.2323. On the other hand, a recovery
The EUR/USD has retreated back below 1.0900. However, on Thursday, the rate was making attempts to recover, as it tested the 1.0910/1.0930 range and the combination of the 50-hour simple moving average and the weekly R1 simple pivot point at 1.0928. A move higher could encounter resistance in the 1.0970 level, which reversed Tuesday's surge. Above 1.0970, it might be
The US JOLTS Job Openings data caused a drop of the US Dollar. Before the event, the price for gold was already testing the resistance of the 1,990.00 level and wanted to reach higher. The event caused surge up to 2,020.00. On Wednesday, the surge continued, as the price used the 2,020.00 mark as support and reached above 2,030.00. A move
The USD/JPY has continued due to decline due to US Dollar's weakness. By the middle of Wednesday's trading, the pair had reached the combined support of the 131.00 mark and the weekly S1 simple pivot point at 130.94. A clear move below 131.00 could look for support in the 130.50 and 130.00 levels, before approaching the March low level at 129.63 On