The recovery of the Pound of the US Dollar continues. On Monday, the pair reached the 1.1700 level and the weekly R1 simple pivot point. Economic Calendar On Tuesday, the US Consumer Price Index and Core Price Index are set to impact the markets through the US Dollar's value adjusting to US rate hike expectations. Namely, too high inflation is set to
The EUR/USD has continued to surge, as the markets still take in information that the ECB is set to reduce the supply of the Euro more than expected. In addition, on Monday morning the US Dollar plummeted against all other assets, which boosted the pair's rally. Economic Calendar Analysis On Tuesday, the US Consumer Price Index and Core Price Index are set
The price for gold has been highly volatile, as it plummeted at mid-day on Thursday due to the ECB rate hike. However, the price found support in the 1,705.00 level and started a recovery. By the middle of Friday's European trading hours, the commodity price had reached the 1,730.00 level. Economic Calendar Analysis On Tuesday, the US Consumer Price Index and Core
The retracement back down by the USD/JPY rate was reaching the 142.00 level on Friday morning. The pair had been declining since encountering resistance in the 145.00 mark. Economic Calendar On Tuesday, the US Consumer Price Index and Core Price Index are set to impact the markets through the US Dollar's value adjusting to US rate hike expectations. Namely, too high inflation
On Friday, the strength of the US Dollar declined against all other assets. As a result, on the GBP/USD charts a surge up to the 1.1650 occurred. Economic Calendar On Monday, at 06:00 GMT, the GBP/USD pair is set to react to the publication of the monthly UK GDP data. On Tuesday, the US Consumer Price Index and Core Price Index are
The EUR/USD currency pair has breached the August high level zone at 1.0080/1.0090 and the 1.0100 mark. The surge of the Euro was caused by the European Central Bank hiking interest rates by 0.75% and committing to future hikes. Economic Calendar Analysis On Tuesday, the US Consumer Price Index and Core Price Index are set to impact the markets through the US
During the first part of August, the asking price of Dukascoin was flat at 1.4900. However, by the end of the month, liquidity returned and the pair's asking price reached up to the 1.5200 level. Meanwhile, the bid price has remained highly volatile, as it has been fluctuating between the 1.3500 and 1.5100 levels. However, during most of the time the
The support of the 1,688.65/1,692.90 zone was enough to cause a surge of the commodity price to the 1,720.00 mark. During Thursday's European morning hours, the price was piercing the round price level. Economic Calendar Analysis This week, notable scheduled events are over. Next week's review is set to be done on Friday. XAU/USD short-term forecast A move of the price higher might
The 145.00 mark has provided enough resistance for the USD/JPY to start a retracement downwards. By the start of Thursday's European trading hours, the currency pair had reached the 143.50 level and the 50-hour simple moving average. Economic Calendar This week's notable events are over. Hourly Chart A move below 143.50 could look for support in the 143.00 level and the weekly R2
On Wednesday, the Pound almost reached the 1.1400 mark against the US Dollar. In general, the GBP/USD pair has not been this low since March 2020. However, the combined support of the weekly S1 simple pivot point at 1.1411 and the 1.1400 mark was enough to cause a retracement back up. During the early hours of Thursday's European trading, the pair
The 0.9865/0.9875 zone was enough to cause a recovery of the Euro against the US Dollar. The surge eventually reached above the 1.0000 mark. On Thursday morning, the pair was finding support in the weekly simple pivot point at 0.9980. Economic Calendar Analysis On Thursday, the European Central Bank is scheduled to make a rate announcement at 12:15 GMT. The market consensus
The price for gold has once again retreated below the 1,700.00 mark. Meanwhile, by the middle of Wednesday's trading, it was spotted that support is being found in the 1,688.65/1,692.90 zone. However, resistance appeared to be provided by the 50 and 100-hour simple moving averages. Economic Calendar Analysis This week, notable scheduled events are over. Next week's review is set to be
The surge of the US Dollar against the Japanese Yen has escalated. Namely, the pair has broken the channel up pattern to the upside and by mid-Wednesday the rate was already at 145.00. Economic Calendar This week's notable events are over. Hourly Chart A continuation of the surge could encounter resistance only in round levels. The pair has broken all known technical resistance. On
At mid-day on Wednesday, the GBP/USD currency pair reached below the 1.1450 level and approached the support of the weekly S1 simple pivot point at 1.1411. Economic Calendar This week, notable events are over. However, take into account that next week, already on Monday the UK GDP will be published at 06:00 GMT. GBP/USD short-term view A move below the weekly S1 at 1.1411
At mid-day on Wednesday, the EUR/USD remained near the 0.9880 level and the weekly S1 simple pivot point at 0.9881. Economic Calendar Analysis On Thursday, the European Central Bank is scheduled to make a rate announcement at 12:15 GMT. The market consensus currently is that the bank is set to hike 0.75%. However, take into account that the follow up press conference
On Tuesday morning, the price for gold shortly reached above the 1,725.00 mark and touched the resistance of the 200-hour simple moving average. The resistance appeared to be enough to force the pair into sideways trading near the 1,720.00 level. Economic Calendar Analysis This week, on Tuesday at 14:00 GMT, the US Institute for Supply Management Purchasing Managers Index could impact the
The USD/JPY currency exchange rate has continued to surge. On Tuesday morning, the pair was steadily approaching the 142.00 mark. From a technical analysis perspective, the move was caused by the 50-hour simple moving average catching up to the pair and providing support. Economic Calendar This week, on Tuesday at 14:00 GMT, the US Institute for Supply Management Purchasing Managers Index could
The GBP/USD currency pair appears to have ended its steep decline, as it has recovered from 1.1450 up to the 1.1600 mark. During the surge, the rate passed the resistance of the 50 and 100-hour simple moving averages and the weekly simple pivot point. Economic Calendar This week, on Tuesday at 14:00 GMT, the US Institute for Supply Management Purchasing Managers Index
The EUR/USD currency pair's recovery reached the combined resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 0.9980 on Tuesday morning. Economic Calendar Analysis This week, on Tuesday at 14:00 GMT, the US Institute for Supply Management Purchasing Managers Index could impact the financial markets through the reveal of the situation in the US services
The recovery of the price for gold hit resistance in the form of the 100-hour simple moving average near the 1,715.00 mark. During the first half of Monday's trading, the price was still kept down by the SMA. Economic Calendar Analysis This week, on Tuesday at 14:00 GMT, the US Institute for Supply Management Purchasing Managers Index could impact the financial markets
On Monday morning, the USD/JPY currency exchange rate remained near the 140.50 level. In general, the pair has been trading between the 140.00 and 140.80 levels since Friday. Economic Calendar This week, on Tuesday at 14:00 GMT, the US Institute for Supply Management Purchasing Managers Index could impact the financial markets through the reveal of the situation in the US services sector
The decline of the Pound against the US Dollar has reached the 1.1450 level. The pair has been declining in a set way. A new round low level is reached, the pair then retraces back above the previous round level, prior to reaching a new low level. For example, GBP/USD reached 1.1500, recovered above 1.1550 and then reached the 1.1450
On Monday morning, the EUR/USD currency pair booked a new historical low level, as the rate reached below the 0.9900 mark. However, the pair found support in the 0.9880 level and the weekly S1 simple pivot point at 0.9882. Economic Calendar Analysis This week, on Tuesday at 14:00 GMT, the US Institute for Supply Management Purchasing Managers Index could impact the financial
On Thursday, the price for gold reached below the 1,700.00 mark and hit the 1,690.00 level, which acted as support. By 09:30 GMT, the price had recovered and broken the upper trend line of the channel down pattern and the 50-hour simple moving average. Economic Calendar Analysis The top event of the week is scheduled for Friday, at 12:30 GMT. At that