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. Economic Calendar Analysis On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US
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. Economic Calendar Analysis Note the US Empire State Manufacturing Index on Monday at 12:30 GMT. On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. XAU/USD short-term forecast A decline of
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. Economic Calendar Note the US Empire State Manufacturing Index on Monday at 12:30 GMT. On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. Hourly Chart A move above 134.00 might encounter resistance
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. Economic Calendar Note the US Empire State Manufacturing Index on Monday at
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. Economic Calendar Analysis Note the US Empire State Manufacturing Index on Monday at 12:30 GMT. On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. EUR/USD hourly chart A move below 1.0960 and the weekly
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. Economic Calendar Analysis On Friday, the US Retail Sales data
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. Economic Calendar On Friday, the US Retail Sales data might cause a reaction in
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. Economic Calendar On Friday, the US Retail Sales data might cause a reaction in the financial markets at 12:30 GMT. Next week, note the US Empire
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. Economic Calendar Analysis On Friday, the US Retail Sales data might cause a reaction in the financial markets at 12:30 GMT. Next week, note 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. 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, it
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
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. Economic Calendar Analysis On
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. Economic Calendar Analysis On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is
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. Economic Calendar On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is bound to impact the US Dollar's
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. Economic Calendar On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is bound to impact the US Dollar's value. On the same day, at 18:00 GMT, the US Federal Reserve Meeting
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. Economic Calendar Analysis On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is bound to impact the US Dollar's value. On
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. Economic Calendar Analysis On Friday, at 12:30 GMT, the United States will publish the Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate. On Wednesday, watch
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. Economic Calendar On Friday, at 12:30 GMT, the United States will publish the Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate. On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT.
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. Economic Calendar On Friday, at 12:30 GMT, the United States will publish the Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate. On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US
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. Economic Calendar Analysis On Friday, at 12:30 GMT, the United States will publish the Average Hourly Earnings, Non-Farm Employment Change and
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. Economic Calendar
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. Economic Calendar Above all, on Friday, at 12:30 GMT, the United States will publish the Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate.