Since early Wednesday's trading, the USD/JPY currency exchange rate has been trading between the 123.50 and 124.00 levels. However, on Thursday, the 50-hour simple moving average has caught up with the rate and might push the USD/JPY up. Economic Calendar On Thursday, a minor USD move might be created by the publication of the weekly US Unemployment Claims data at 13:30 GMT. Click
Since the middle of Tuesday's trading, the GBP/USD currency exchange rate remains in the range between the support zone at 1.3047/1.3057 and resistance at 1.3100/1.3109. Meanwhile, hourly simple moving averages were approaching from above. Economic Calendar On Thursday, a minor USD move might be created by the publication of the weekly US Unemployment Claims data at 13:30 GMT. Click on the link below
Since the start of Wednesday's trading, the EUR/USD has been fluctuating between a resistance zone at 1.0940 and support near 1.0880. However, at mid-day on Thursday, the 1.0880 mark was pierced, as the rate shortly traded below it. Meanwhile, it was observed that the 50-hour simple moving average had caught up with the pair from above and was acting as
Despite shortly breaking above 1,940.00 mark and touching the 1,945.00 level, the price for gold returned to trade in the previous range between the support zone at 1,916.70/1,921.65 and resistance at 1,940.00. However, during Wednesday's trading, the price was finding resistance in the 200-hour simple moving average above 1,930.00. Economic Calendar Analysis On Thursday, a minor USD move might be created by
The resistance of the 123.00 mark was passed at mid-day on Tuesday. By the start of Wednesday's trading, the currency pair had reached the 124.00 level. Afterwards, the USD/JPY pair fluctuated between the support of the 123.50 level and the resistance at 124.00. Economic Calendar On Thursday, a minor USD move might be created by the publication of the weekly US Unemployment
At 18:00 GMT on Wednesday, the US Federal Reserve released its Meeting Minutes, which revealed additional details on the world's top central bank's policy. In general, the central bank intends to decrease its balance sheet by $95 billion per month and some officials of the central bank have argued for a 0.50% or 1.00% percent rate hike. The release caused a
On Wednesday, as the US Federal Reserve Meeting Minutes were released at 18:00 GMT, the US Dollar strengthened. In general, the central bank intends to decrease its balance sheet by $95 billion per month and some officials of the central bank have argued for a 0.50% or 1.00% percent rate hike. However, the pair was already declining before, as US central
Since the middle of Monday's trading, the price for gold has been fluctuating around the 1,930.00 mark. In addition, the metal appears to be ignoring the 50, 100 and 200-hour simple moving averages. In general, Monday's forecasts remain actual. Economic Calendar Analysis During the week, almost all attention will be paid to the US Federal Reserve Federal Open Market Committee Meeting Minutes
The USD/JPY currency pair has continued to fluctuate almost sideways between the support of the 50, 100 and 200-hour simple moving averages and the 122.50 mark and the resistance of the 123.00 level. Economic Calendar During the week, almost all attention will be paid to the US Federal Reserve Federal Open Market Committee Meeting Minutes on Wednesday at 19:00 GMT. The meeting minutes
Despite piercing the support of the 1.3100 mark, the GBP/USD did not decline to the support of zone of the last week's low levels at 1.3052/1.3071. Instead, starting from GMT midnight hours to Tuesday, the rate started a surge. By the middle of the day's trading, the rate had broken the resistance of the weekly simple pivot point, the 50,
During the second half of Monday's European trading hours, the EUR/USD broke the channel up pattern, which had guided the rate up throughout March. Moreover, on Tuesday, the lower trend line of the broken channel was confirmed as resistance. In the meantime the breaking of the pattern did not result in a sharp decline, as support was immediately found in the
On Monday morning, the price for gold shortly traded below the 1,920.00 mark, before staring a sudden recovery. Namely, by the middle of the day's trading hours, the price for gold surged and reached the 1,935.00 level. Meanwhile, the commodity mostly ignored the support and resistance of the 50, 100 and 200-hour simple moving averages. Economic Calendar Analysis On Tuesday, the US
At mid-day on Friday, the USD/JPY currency pair reached the 123.00 mark, as it was forecast. The 123.00 level acted as resistance and caused a decline, found support in the 100-hour simple moving average. Up to the middle of Monday's trading, the currency exchange rate was trading between the 100-hour simple moving average and the 123.00 mark. In the meantime,
At mid-day on Monday, the GBP/USD currency exchange rate once again reached below the 1.3100 level. In the meantime, it appeared that the pair was ignoring the support and resistance of the weekly simple pivot point at 1.3113 and the 50 and 100-hour simple moving averages at 1.3125. Economic Calendar On Tuesday, the US ISM Services Purchasing Managers Index survey results are
The decline of the Euro against the US Dollar has continued, as on Monday morning the rate reached the 1.1000 mark. The decline occurred, as the pair bounced off the resistance of the 1.1050 level. Economic Calendar Analysis On Tuesday, the US ISM Services Purchasing Managers Index survey results are expected to impact the value of the US Dollar and all pairs
The price for gold barely touched the 1,950.00 mark on Thursday, as a decline started. By the middle of Friday's trading, the price had passed the 50, 100 and 200-hour simple moving averages and broken the channel up pattern. At mid-day, the price reached below the 1,925.00 level. Economic Calendar Analysis On Tuesday, the US ISM Services Purchasing Managers Index survey results
The support levels at 121.00/121.50 held out for a third time and have caused a surge, which has managed to break the resistance of the 122.50 mark. Economic Calendar On Tuesday, the US ISM Services Purchasing Managers Index survey results are expected to impact the value of the US Dollar and all pairs that include the USD. During the week, almost all attention
At mid-day on Friday, the GBP/USD broke the week's channel up pattern by passing below the lower trend line of the channel near 1.3120. Economic Calendar On Tuesday, the US ISM Services Purchasing Managers Index survey results are expected to impact the value of the US Dollar and all pairs that include the USD. During the week, almost all attention will be paid
The EUR/USD has approached the support levels that are spread out from the 1.1040 level up to 1.1050. Economic Calendar Analysis On Tuesday, the US ISM Services Purchasing Managers Index survey results are expected to impact the value of the US Dollar and all pairs that include the USD. During the week, almost all attention will be paid to the US Federal Reserve
First of all note that the price encountered resistance at the 1,939.00 level and the 100-hour simple moving average. The event was followed by a retracement to the 1,920.00 level, which acted as support and caused a surge that at mid-day on Thursday reached above the 1,941.00 mark. In addition, the recent confirmation of the 1,920.00 level provided a reference point
The recovery from the 121.00/121.50 zone ended at midnight to Thursday, as the USD/JPY currency exchange rate approached the 122.50 mark. The round exchange rate level's resistance was being strengthened by the 50 and 100-hour simple moving averages near 122.60. Afterwards, the pair returned to the support zone at 121.00/121.50. Meanwhile, take into account that at mid-day on Thursday it appeared
The GBP/USD pair's reaching above the three hourly simple moving averages did not result in a move to the 1.3200 mark, as it was speculated on Wednesday. Instead, the currency pair found resistance in the 1.3180 level. In addition, the bounce off the 1.3180 level revealed a channel up pattern, which has guided the rate since Monday. Throughout Thursday's trading, the
The EUR/USD surge above the previous March high level eventually ended during the midnight hours to Thursday. The surge ended at the 1.1180 mark, which acted as resistance. Afterwards, throughout the day's trading hours, the Euro declined against the US Dollar. By 15:00 GMT, the currency exchange rate had reached below the 1.1100 mark. Economic Calendar Analysis The top event of the
During the first half of March, the asking price of the DUK+/EUR spiked up to the 1.9500 level during a period of two trading sessions on March 5 and 6. Afterwards, a decline started, which during the middle of the month had shortly reached below the 1.6000 mark. Since March 24, the price was almost flat at 1.6100/1.6000. Meanwhile, the bid