The decline that was caused by US job openings data eventually found support. On the USD/JPY charts support was found near 145.70. On Wednesday morning, the pair was testing the 146.25/146.55 range's resistance. Economic Calendar On Wednesday, the US ADP Non-farm Employment Change number could impact the US Dollar's value at 12:15 GMT. However, more impact might be caused by the US
The release of the US job openings data caused major USD weakness. On the GBP/USD charts it resulted in the rate breaking all resistance up to the 1.2650 level. On Wednesday morning, the pair was confirming the 1.2620 level as support. Economic Calendar On Wednesday, the US ADP Non-farm Employment Change number could impact the US Dollar's value at 12:15 GMT. However,
The surge of the Euro against the US Dollar has encountered resistance in the weekly R1 simple pivot point at 1.0892. During Wednesday's London trading hours, the pair was declining and looking for support. Economic Calendar Analysis The US ADP Non-farm Employment Change number could impact the US Dollar's value at 12:15 GMT. However, more impact might be caused by the US
Despite breaking above the 1,920.25/1,923.00 range, the price for gold has not booked major gains, as it encountered resistance in 1,925.00. The resistance was enough to cause a decline of the commodity. By mid-Tuesday, the price had pierced the 50 and 100-hour simple moving averages and touched the 1,915.00 mark. At 14:00 GMT, the Job Openings and Labor Turnover Survey results
The USD/JPY continued to trade and look for support in the 146.25/146.55 range from mid-Friday up to mid-Tuesday. On Tuesday, the rate was caught up by the 50-hour simple moving average, which was the needed catalyst for a surge. The follow up surge reached above the 147.00 mark and the weekly R1 simple pivot point at 147.17. At 14:00 GMT, the
During late Monday's trading, the Pound managed to recover against the US Dollar. However, it encountered resistance on Tuesday morning in the 100-hour simple moving average near 1.2630. The encounter turned into a decline. By the middle of the day, the rate had reached below the Monday's low level of 1.2565. Economic Calendar On Wednesday, the US ADP Non-farm Employment Change number
Due to a broader Dollar's strength, the EUR/USD has passed below the 1.0800 mark. From a technical perspective, the pair bounced off the resistance range at 1.0835/1.0845, which caused the recent decline. However, the situation changed on Tuesday at 14:00 GMT. At 14:00 GMT, the Job Openings and Labor Turnover Survey results were published. It revealed that in the United States
The speech by Jerome Powell at Jackson Hole symposium created major volatility. The price for gold fluctuated between the support of the 1,902.50/1,905.00 zone and resistance of the 1,920.25/1,923.00 range. On Monday, the price was located near 1,915.00 and appeared to be consolidating before another test of the mentioned resistance range. Economic Calendar Analysis This week, on Tuesday the CB Consumer Confidence
The speech by Jerome Powell at Jackson Hole symposium created major volatility, during which the USD/JPY managed to pierce the 146.25/146.55 range. However, the event was not followed by a broader surge. Instead, up to mid-Monday the rate fluctuated in the previous resistance range. Economic Calendar This week, on Tuesday the CB Consumer Confidence and JOLTS Job Opening data sets could impact
During the high volatility caused by Jerome Powell, the GBP/USD fluctuated between 1.2650 and 1.2550. During the event it was shown that the 50-hour simple moving average can act as resistance and the 1.2550 mark acts as support. On Monday, the moving average was keeping the rate down. Economic Calendar This week, on Tuesday the CB Consumer Confidence and JOLTS Job Opening
The speech done by Jerome Powell at Jackson Hole caused major volatility of the EUR/USD. the pair traded between the Friday's low level at 1.0766 and the resistance of the 1.0835/1.0845 range. On Monday, the pair traded almost flat between 1.0800 and 1.0820. Economic Calendar Analysis This week, on Tuesday the CB Consumer Confidence and JOLTS Job Opening data sets could
The breaking of the 1,905.00 level's resistance resulted in a surge to the 1,920.00 level and the 1,920.25/1,923.00 range's resistance. By late Thursday's trading, the resistance continued to hold. Economic Calendar Analysis On Friday, the top event of the week is set to take place, as the head of the Federal Reserve, Chairman Powell, is set to give a speech on monetary
The USD/JPY currency pair's decline below 145.00 has found support in the 144.60 level. This level held and caused a recovery of the USD/JPY that managed to pierce one resistance after another. By late Thursday's trading hours, the pair had reached the 146.00 level. Economic Calendar On Friday, the top event of the week is set to take place, as the head
Despite initially finding support in the 1.2620 level and afterwards surging up to 1.2725, during the second half of Thursday's trading the GBP/USD rate declined. By 18:00 GMT, the pair had reached below the 1.2620 level's support. At the time of analysis the pair was sharply heading to the 1.2600 mark. Economic Calendar On Friday, the top event of the week is
The EUR/USD found support near the 1.0800 mark without properly reaching it. The follow up recovery eventually was met by the resistance of the 50 and 100-hour simple moving averages near 1.0860. The SMAs provided enough resistance for the rate to decline back to 1.0820, where the weekly S1 simple pivot point was acting as support. In general, the rate
At mid-day on Wednesday, the price for gold managed to break the resistance of the 1,902.50/1,905.00 range. The move occurred with the support of the 200-hour simple moving average. A previous attempt failed due to the SMA acting as resistance and strengthening the mentioned range. On Wednesday, the SMA moved outside the range and below the price. Economic Calendar Analysis On Friday,
The USD/JPY has passed below the support of the weekly simple pivot point at 145.51 and the 145.50 mark. On Wednesday, it appeared that the pair was confirming the pivot point, round level and the 200-hour simple moving average as resistance. Economic Calendar On Friday, the top event of the week is set to take place, as the head of the Federal
The release of the United Kingdom's Manufacturing and Services sector Purchasing Managers Indices has caused a major decline of the Pound's value. The survey results were expected to be low. However, the actual results were far below the already pessimistic expectations. On August 23, the data caused a decline, which pierced below a cluster of support levels near 1.2740. A decline
S&P Global has released the Manufacturing and Services Purchasing Managers Index survey results for the Eurozone countries. In general, the data has shown a larger than expected activity slowdown in the two sectors. The news caused a decline of the Euro. On the EUR/USD charts the event caused a 56 base point or 0.51% drop. From a technical perspective the fundamental
The price for gold found support in the 1,885.00 level and started a recovery. On Tuesday, the recovery reached above 1,900.00. However, resistance was encountered in the combination of the 1,902.50/1,905.00 range and the 200-hour simple moving average. Economic Calendar Analysis On Wednesday, at 13:45 GMT, the US PMIs are scheduled to be released and could impact all of financial markets. On Friday,
The USD//JPY has been broadly trading between the support of the 145.00 mark and the 146.50 level since August 14. In general, both of these levels are surrounded by support and resistance zones. Namely, support is found at 144.90/145.15 and resistance is provided by the 146.30/146.55 range. On Tuesday, the pair bounced off the resistance zone and declined to find support
On Tuesday morning, the GBP/USD pierced the resistance of the 1.2782/1.2792 range. However, the 1.2800 stopped the rate and forced it back down to the 1.2760 level. Economic Calendar On Wednesday, watch the UK Manufacturing and Services sector Purchasing Managers Index results. Survey results for are set to be released at 08:30 GMT. Later on, at 13:45 GMT, the US PMIs are scheduled
The EUR/USD has bounced off the resistance zone at 1.0930/1.0950. The event was followed by a sharp decline on Tuesday morning. By mid-day, the rate had passed below the support of the 1.0900 mark and the combination of the 50 and 100-hour simple moving averages and the weekly simple pivot point at 1.0890. Economic Calendar Analysis On Wednesday, watch the European
The price for gold has continued to decline, as support levels turn into resistance and new low levels are reached. On Tuesday, the commodity shortly traded below the 1,900.00 mark. However, support was found in the lower trend line of the broader channel down pattern. Economic Calendar Analysis This week, watch out for the US Federal Reserve Federal Open Market Committee Meeting