Overall, gold experienced a steady increase relative to the U.S. dollar over the past week. This rise can be attributed to a combination of factors, including market uncertainty, global economic data, and shifts in investor sentiment. As concerns over inflation, interest rates, and geopolitical tensions persisted. Economic Calendar Analysis Volatility in the gold market is expected this week due to several important
The USD/JPY has continued to show a slight decrease in price, which can be attributed to dollar strength, reaching a level of 156.000. Economic Calendar Elevated levels of volatility should be considered highly plausible, especially with macroeconomic news coming from both Japan and the United States. Wednesday and Thursday should bring the most significant price swings, as GDP data and the Fed's
GBP/USD pair has seen increasingly higher price levels, moving past 1.2400 and recovering 1.2100 price levels. Economic Calendar Elevated levels of volatility should be expected when considering the fundamental news coming out of the United States. GBP/USD hourly chart analysis In the short term, a move towards 1.27050 can be considered plausible if the bullish momentum continues. If no significant bearishness occurs, 1.27050
EUR/USD has recovered above 1.05000, following a rebound from the 1.03100 level seen in the previous week. Economic Calendar Analysis This week is expected to bring increased volatility, given the multiple economic data releases and macroeconomic events occurring that could significantly impact the FX pair in the first month of 2025. EUR/USD hourly chart analysis The EUR/USD pair is currently trading above the 50,
GBP/USD has seen significantly lower price levels since October 2024. Weakness in the GBP and strength in the USD have pushed the euro towards the 1.20000 price level. Economic Calendar Higher-than-expected levels of volatility should be anticipated, considering the fundamental news coming out of the UK. Friday could bring the highest levels of volatility when Manufacturing PMI data are released. GBP/USD hourly chart
USD/JPY has seen slight move to the downside in the previous week, reaching 155.000 level. Economic Calendar Although economic news there are news from Japan that could impact FX pair, no volatility should occur during this trading week. USD/JPY hourly chart analysis Recovery from 155.00 has been seen. Move towards 160.000 is highly probable as current price level is below simple moving averages,
In general, the price of gold has slight rise towards 2700.000 level. Economic Calendar Analysis No significant market moves should occur from economic news. XAU/USD short-term forecast A decline of the metal might look for support in the price level of 2690.65000, price push towards 2722.000. Hourly Chart XAU/USD daily charts review On the daily candlestick chart, gold has been trading within the 2665.00 to
EUR/USD price action has stabilized during previous week. Upcoming Trump Inauguration could possibly bring unwanted volatility this week. Economic Calendar Analysis No significant economic news should be anticipated. EUR/USD hourly chart analysis Significant consolidation at 1.0300 price level has occurred at one hour chart. If bullish momentum does not materialize to reverse the trend, it is likely that the pair will continue moving
Gold has been trading within a narrow range of 2665.3650 to 2690.6500 for several weeks, showing little price movement during this period. This consolidation suggests a balance between buying and selling pressures, with neither side gaining enough momentum to push the price significantly higher or lower. Economic Calendar Analysis This week, the market might move due to multiple releases of economical data
USD/JPY has experienced a consolidation period with little to no volatility, and no significant price move towards 160.000 has been achieved. Economic Calendar Volatility should be expected; however, no significant movement is likely to occur this week in the USD/JPY pair, as only data from the United States will be provided. USD/JPY hourly chart analysis Sideways trading activity may continue this week, with prices
GBP/USD saw significant downside pressure, driven by the increasing strength of the US dollar, suggesting further downside momentum. Additional critical fundamental events may amplify this momentum in the FX pair. Economic Calendar Higher than expected levels of volatility could be expected this week for GBP/USD, as this week is filled economical data releases from the United States. GBP/USD hourly chart analysis If the
Further movement in EUR/USD could signal a continuation of the trend for 2025. A strong dollar and uncertainty could push the FX pair towards the 0.9600 level in the long term if both fundamental and technical data support it. Economic Calendar Analysis Although this week is filled with data releases, starting with core PPI on Monday and ending with jobless claims on
In general, the price of gold has been consolidating around 2640.00 price range. Since the end of October gold has been trading within 2580.000 to 2785.000 range. Economic Calendar Analysis This week, the market might move due to multiple releases of economical data in the United States. Wednesday and Thursday should provide more information regarding monetary policy from the FED meeting minutes and
USD/JPY has seen been trading sideways previous week without significant moment pushing the price towards 160.000. Economic Calendar Volatility should be expected, Fundamental data from the United States could bring higher price moves to USD/JPY this week. USD/JPY hourly chart analysis Currently, the price is trading below 157.750. This price level can be considered a significant resistance, as it has not been broken since
GBP/USD has seen a slight recovery from 1.23680 to 1.24700, with room to continue further price discovery to the upside. Economic Calendar Elevated levels of volatility could be expected this week for GBP/USD, as this week is filled economical data releases from the United States. GBP/USD hourly chart analysis The FX pair has seen a recovery towards 1.25080 and is looking for forward
The EUR/USD is looking for momentum and aiming for significantly higher price levels in the near term, considering the upcoming economic data releases this week. The trading bias should be established within this week. Economic Calendar Analysis When making market assessments this week, volatility levels should be considered elevated. Starting on Tuesday with the EU unemployment rate, and continuing through the week
Previous holiday trading week helped continuation of price consolidation for the price of gold. Economic Calendar Analysis No significant impact from macroeconomic data is expected in relation to gold. XAU/USD short-term forecast The previous week's trading activity considered quite low, thus no significant price moves occurred. Hourly Chart XAU/USD daily charts review On the daily candlestick charts, gold is trading within a descending triangle.
USD/JPY has seen a steady increase towards 157.000 during the holiday-packed trading week, moving closer to the 160.000 price level. Economic Calendar Fundamental data from the United States could bring higher price moves to USD/JPY this week. Jobless claim and Manufacturing PMI are the only significant fundamentals this week which would possibly have any impact on the FX rate. USD/JPY hourly chart
Holidays have brought calmness to the currency markets, and GBP/USD was no exception. No significant price moves occurred during the previous week. Economic Calendar Moderate levels of volatility could be expected this week for GBP/USD, as both the UK and the United States are releasing Manufacturing PMI data. GBP/USD hourly chart analysis The currency pair has been trading within a range from 1.25080
After a slow holiday-filled trading week, the EUR/USD currency pair has recovered above the 1.04140 price level. Price consolidation during the holiday-shortened week was expected due to fewer market participants. FX pair has recovered, the 50-hour and 100-hour simple moving averages are below 1.04330. Economic Calendar Analysis This week, macro data could bring moderate volatility, as traders actively position themselves for 2025. The
The previous week's gold price was impacted by the Federal Reserve's interest rate cut, which provided enough momentum to push the price closer to 2584.00, before recovering above 2620.00. Economic Calendar Analysis No significant impact from macroeconomic data is expected in relation to gold. XAU/USD short-term forecast The previous week's short-term downside volatility, driven by the fundamental news of the Fed's rate
Increased volatility and macro economical data from U.S. and Japan were reasons for forward momentum to continue and raise USD/JPY above 155.000 price level. Economic Calendar No significant volatility is expected, considering that medium-impact fundamental data are being presented to the global market. USD/JPY hourly chart analysis The previous week saw significant momentum to the upside, with the currency pair reaching above the
The Federal Reserve's decision to cut interest rates on its native currency has had a significant impact on GBP/USD. The rate decreased from the 1.27000 price level to 1.25000 before recovering above 1.25500. Economic Calendar No significant volatility is expected this week, considering the low number of macroeconomic data coming out of both the UK and the United States. GBP/USD hourly chart analysis
After a slight pause in downward pressure, EUR/USD continued to drop, reaching a price level of 1.0345, driven by uncertainty surrounding the EU's economic outlook and the Fed's decision to cut interest rates. Although the FX pair has recovered, the 50-hour and 100-hour simple moving averages are below 1.04330, which could be considered a signal for consolidation, provided no significant fundamental