The pair has found support near the 1.2250 level. Meanwhile, resistance appears to be provided by the 1.2300/1.2310 range. Economic Calendar On Friday morning, at 07:00 GMT watch the publication of the UK Gross Domestic Product data. The markets expect the data to reveal a stagnation on a month on month basis and a decrease of GDP on a quarterly basis. The
Since Tuesday, the EUR/USD has continued to respect the support of the weekly simple pivot point at 1.0664 and the 1.0660 mark. Meanwhile, it has been observed that the 50 and 100-hour simple moving averages fail to impact the pair. Economic Calendar Analysis This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets
The price for gold has declined and revealed that it respects the support of the 1,960.00 mark and the 1,956.60/1,957.10 range. Meanwhile, the 1,970.00 level has turned from support into resistance, as it was keeping the price down. Economic Calendar Analysis This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets note the
By large, the USD/JPY currency pair remains near the 150.00 mark. Most recently, the pair confirmed the 149.20/149.25 range as support and started a recovery. By mid-Wednesday the pair had clearly reached above the hourly simple moving averages near 150.25 and surged to 150.80. Economic Calendar This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some
The GBP/USD currency pair encountered resistance in the 1.2430 level and started a decline. By mid-Wednesday, the pair's decline had reached the 1.2250 level. Economic Calendar On Friday morning, at 07:00 GMT watch the publication of the UK Gross Domestic Product data. The markets expect the data to reveal a stagnation on a month on month basis and a decrease of GDP
On Tuesday, the EUR/USD confirmed that it can find support in the combination of the weekly simple pivot point and the 100-hour simple moving average at 1.0665. Economic Calendar Analysis This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets note the upcoming "speech" of Jerome Powell on Thursday at 19:00 GMT. However,
Gold failed to properly reach above 2,000.00 and started a decline that eventually found support in the 1,970.00 mark. On Thursday, it was spotted that the commodity price was respecting the resistance of the 1,990.30/1,997.15 zone. Economic Calendar Analysis On Friday, watch the US employment data release at 12:30 GMT. The release will consist of the US Average Hourly Earnings monthly change,
The surge that was caused by the future inflation forecast changes of the Bank of Japan eventually resulted in a USD/JPY 233 pip move or a surge of 1.56%. A new 2023 high level was reached and tested two times at 151.70. Afterwards, the US Dollar began to consolidate its gains near 151.50, as the US Federal Reserve revealed its
The GBP/USD has reacted to the Federal Reserve Rate Hike and Fed Press Conference with a surge. However, the moves have been consistent with notable levels. Namely, the pair respects the support of the 1.2100 mark and the resistance of the 1.2200 level. Meanwhile, the weekly simple pivot point acts as support and resistance at 1.2159. Economic Calendar On Thursday, the Bank
In general, as soon as the EUR/USD reveals a larger scale direction, a fundamental event reverses it. This way the pair has traded around the 1.0600 mark for two weeks. The United States Federal Reserve has just revealed that it will keep the Federal Funds Rate unchanged at 5.50%. The news caused a 0.15% drop of the US Dollar index from
The price for gold remains above the 1,990.30/1,997.15 zone, as it looks for support to start a surge. Meanwhile, the 100 and 200-hour simple moving averages are trying to catch up with the rate. In general, previously described scenarios remain valid. Economic Calendar Analysis This week most events will be ignored due to a simple reason. The US central bank, The Federal
Forget about technical analysis for now. The Bank of Japan has revealed its policy stance and it is impacting the USD/JPY through the value expectations for the Japanese Yen. In general, the central bank has caused the rate to reach a new 2023 high. The Bank of Japan has kept its policy rate at -0.10%. Namely, the BoJ is not going
The currency pair has managed to reach above the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.2159. At mid-day on Tuesday, the rate respected the resistance of the 1.2200 mark. Economic Calendar This week most events will be ignored due to a simple reason. The US central bank, The Federal Reserve is scheduled to make
Support was found in the weekly simple pivot point at 1.0592 on Tuesday morning. Meanwhile, additional pressure was provided by the 50, 100 and 200-hour simple moving averages. By mid-Tuesday's European trading, the rate had reached above the 1.0640 level and the weekly R1 simple pivot point at 1.0662. Economic Calendar Analysis This week most events will be ignored due to a
The price for gold has passed above the resistance zone of the triangle pattern and the 2,000.00 mark. However, instead of surging the commodity price has retraced down to the 1,990.30/1,997.15 zone and the 50-hour simple moving average. In the meantime, the commodity was being approached by the additional support of the 100-hour simple moving average and the supporting trend line
On Monday, news that the Bank of Japan might change its policy on the Japanese Yen has caused a drop of the USD/JPY. From a technical analysis perspective, the rate has passed below the support range at 149.30/149.45. Eventually, the rate found support in the 148.80 level. Economic Calendar This week most events will be ignored due to a simple reason. The
The currency exchanger ate has respected the support of the 1.2100 mark and the zone that surrounds its. The events have resulted in a recovery of the Pound against the US Dollar. At mid-day on on Monday, the rate was testing the resistance of the weekly simple pivot point at 1.2159. Economic Calendar This week most events will be ignored due to
The EUR/USD found support in the 1.0520/1.0535 range on Friday and started a surge that by mid-Monday had reached above the 106.00 mark. Economic Calendar Analysis This week most events will be ignored due to a simple reason. The US central bank, The Federal Reserve is scheduled to make a rate announcement on Wednesday at 18:00 GMT. The Fed is expected to
The price for gold has broken the channel up pattern that guided the commodity up throughout October. The surge almost amounted to a total of $200. After breaking the ascending channel, the metal has revealed a resistance zone at 1,890.85/1,997.15 and a supporting trend line that connects this week's low levels. Combined these levels form a triangle pattern. Economic Calendar Analysis On Friday,
The USD/JPY has continued to surge, despite reaching above the 150.00 mark. However, it appears that another intervention has occurred. As the pair approached the 150.80 mark on Thursday, it suddenly dipped below 150.00, before returning to trade near 150.50. By mid-Friday, the rate had declined back to the 150.00 mark. Economic Calendar On Friday, the US Core PCE Price Index data
The GBP/USD shortly reached below the 1.2100 mark, prior to recovering. On Friday, the rate appeared to be trading between the support of the 50-hour simple moving average near 1.2110 and the resistance of the 1.2140 level. Economic Calendar On Friday, the US Core PCE Price Index data will impact the value of the US Dollar. The US monetary policymakers watch the
It was recently spotted that the EUR/USD, despite being impacted by fundamentals events, has been respecting the support of the weekly S1 simple pivot point at 1.0525 and the weekly simple pivot point at 1.0571. Economic Calendar Analysis On Friday, the US Core PCE Price Index data will impact the value of the US Dollar. The US monetary policymakers watch the Personal
Gold almost reached the 2,000.00 mark, before starting a consolidation. The consolidation started, as the price hit the upper trend line of the channel up pattern. On Monday, the commodity was finding support in the combination of the 50-hour simple moving average and the 1,970.00 mark. Meanwhile, it has been spotted that Dukascopy trader sentiment reveals how our traders acted. In
The USD/JPY currency pair has once again reached the 150.00 mark. At this level the markets expect the Bank of Japan to intervene in the forex market and strengthen the Japanese Yen. Economic Calendar On Tuesday, at 13:45 GMT, the US PMIs will be published and are expected to impact the US Dollar. On Wednesday, at 20:35 GMT, the head of the Federal