The price for gold has moved higher and trades between the 1,975.00 and 1,985.00 levels. In general, it appears that the commodity waits for more events or economic data before ascending or declining in value. Economic Calendar Analysis On Monday, the US ISM Manufacturing PMI release at 14:00 GMT could cause a move in the US Dollar. On Wednesday, the US ADP
On Friday, the USD/JPY currency pair's surge reached the 133.50 mark. Meanwhile, support was being provided by the 50-hour simple moving average near 132.75. Economic Calendar On Monday, the US ISM Manufacturing PMI release at 14:00 GMT could cause a move in the US Dollar. On Wednesday, the US ADP Non-Farm Employment change at 12:15 GMT might impact the USD. Afterwards, at
The GBP/USD surge has been slowed down by the combination of the 1.2400 mark and the weekly R2 simple pivot point at 1.2423. On Friday morning, the pair found support in the 1.2360 level, which has acted as both support and resistance during this week. Economic Calendar On Monday, the US ISM Manufacturing PMI release at 14:00 GMT could cause a move
The EUR/USD surge has encountered resistance in the high level zone at 1.0910/1.0930. As a result, by the middle of Friday's trading, the pair had retreated down below 1.0900. Economic Calendar Analysis On Monday, the US ISM Manufacturing PMI release at 14:00 GMT could cause a move in the US Dollar. On Wednesday, the US ADP Non-Farm Employment change at 12:15 GMT
The price for gold has been ignoring the 50, 100 and 200-hour simple moving averages. Meanwhile, it has been respecting round price levels. Namely, the 1,960.00 and 1,975.00 levels have shown to be able to reverse the price's direction. Economic Calendar Analysis On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The
At the start of Wednesday's trading, the USD/JPY started a surge, which by mid-day resulted in the rate reaching from 131.00 up to 132.50. Near 132.50, the pair encountered resistance in the weekly R1 simple pivot point at 132.59. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release
On Wednesday, the GBP/USD currency exchange rate passed above the technical levels that are spread out from 1.2325 up to 1.2350. However, the move was followed by a consolidation in the 1.2300/1.2360 range. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD. However, it
Step by step, the EUR/USD moves higher, as the pair has reached above 1.0850 on Wednesday. Economic Calendar Analysis On Thursday, the German Preliminary Consumer Price Index will reveal how inflation has done in the biggest economy of the Euro Zone. The European Central Bank watches the data, as it makes decisions on monetary policy. On the same day, at 12:30 GMT, the
The price for gold appears to be consolidating near the 1,950.00 mark. However, at mid-day on Tuesday a surge of the price occurred up to the 50 and 100-hour simple moving averages near 1,965.00. Economic Calendar Analysis On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD.
Despite recovering on Monday, the USD/JPY currency pair was observed to have declined and found support in the 130.50 level. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD. However, it is usually the Preliminary GDP release, which impact the markets. On Friday, the US
Despite being highly volatile, the GBP/USD currency pair continues to move higher. On Tuesday, the pair was piercing the weekly R1 simple pivot point at 1.2325. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD. However, it is usually the Preliminary GDP release, which
On Tuesday, the EUR/USD continued higher, as it approached 1.0850. Economic Calendar Analysis On Thursday, the German Preliminary Consumer Price Index will reveal how inflation has done in the biggest economy of the Euro Zone. The European Central Bank watches the data, as it makes decisions on monetary policy. On the same day, at 12:30 GMT, the publication of Final US quarterly Gross
The resistance of the 2,000.00 mark has held and caused another decline. By late Monday's trading hours, the commodity price had reached below 1,950.00. During the decline, the price ignored the support of the 50, 100 and 200-hour simple moving averages and the January and February high levels. Economic Calendar Analysis On Thursday, at 12:30 GMT, the publication of Final US quarterly
The USD/JPY recovery from the 130.00 mark has continued. By the late trading hours of Monday's trading, the pair had reached the 200-hour simple moving average near 131.80. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD. However, it is usually the Preliminary GDP
The ongoing recovery of the Pound against the US Dollar has continued, as by the end of Monday's trading the pair had almost reached the 1.2300 mark. During the first half of the day's trading, the pair had reached above various technical resistance levels that were laid out from 1.2245 up to 1.2260. Economic Calendar On Thursday, at 12:30 GMT, the publication
The bounce off from the support of the 200-hour simple moving average has continued, as the EUR/USD currency exchange rate has reached the 1.0800 mark and the resistance of the 100-hour SMA near it. Economic Calendar Analysis On Thursday, the German Preliminary Consumer Price Index will reveal how inflation has done in the biggest economy of the Euro Zone. The European Central
The yellow metal has once again reached the 2,000.00 mark. The market appears to have returned to risk off sentiment. Meanwhile, it has been spotted that the commodity faces a resistance zone at 2,000.00. Economic Calendar Analysis On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD.
The 131.50 level provided resistance and caused a decline, which by the start of Friday's European trading hours had reached 130.00. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD. However, it is usually the Preliminary GDP release, which impact the markets. On Friday, the
The GBP/USD did not reach the 1.2350 level, despite making attempts for two days. The pair has revealed that it faces resistance at 1.2335/1.2345. On Friday, the currency pair had declined below 1.2300 and the 50-hour simple moving average. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release
The EUR/USD currency pair has revealed a resistance zone at 1.0908/1.0930. The resistance zone managed to force the pair into a decline down to the 1.0830 level. During the decline, the rate passed below the support of the 50-hour SMA and the 1.0850 mark. Economic Calendar Analysis During the upcoming week, the currency pair is most likely going to be impacted by
Even prior to the US Federal Reserve rate hike, the price for gold broke the channel up pattern to the downside and retreated to 1,940.00. However, the US Federal Reserve rate hike and press conference resulted in an apparent recovery of the commodity price. By the middle of Thursday's European trading, the price had reached 1,980.00. Economic Calendar Analysis Next week, the
Despite the US rate hike impacting the USD/JPY, the fundamental event appears to have only set the direction of the rate. Namely, the pair still finds support in round exchange rate levels. On Thursday, the 130.50, 131.00 and 131.50 were acting as support and resistance. Economic Calendar Next week, the US Core PCE Price Index might impact the financial markets through the
The Bank of England has once again hiked its base interest rate. Official Bank Rate has been increased from 4.00% up to 4.25%, as the market expected. In the meantime, note that seven out of the nine BOE Monetary Policy Committee members voted for the 0.25% rate hike. Two members voted to keep interest rates intact. Economic Calendar Next week, watch out
The EUR/USD has reacted to the Federal Reserve Rate hike of 0.25% and the following comments of the head of the central bank Jerome Powell. In general, the central bank plans no rate cuts. In regards to further hikes the central bankers would continue to watch inflation data. The pair reacted to the news with a surge. The surge is