EUR/USD remains below 1.1000

Note: This section contains information in English only.
Source: Dukascopy Bank SA


During the volatility caused by the US Consumer Price Index, the EUR/USD encountered resistance in the 1.1000 mark, which kept the rate down. On Friday, prior to the PPI publication, the rate had returned to trade near 1.0950.

An extension of the decline of the Euro against the USD could look for support in Thursday's low at 1.0930, before approaching the 1.0910/1.0920 range and the 1.0900 mark.

On the other hand, a recovery could be slowed down near 1.0980/1.0985 by the Monday's high and the weekly simple pivot point, prior to the rate once again testing the 1.1000 mark.
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Fri, 12 Jan 2024 11:48:23 GMT

GBP/USD is limited to 1.2700/1.2780

The volatility of the US CPI release limited the GBP/USD rate to the 1.2700/1.2780 range. Namely, support is at 1.2700 where the round price level acts as support together with the 200-hour simple moving average. Resistance is provided by the 1.2780/1.2795 range. A move below 1.2700 could look for support in the various recent low levels at 1.2685 and 1.2675,

Wed, 10 Jan 2024 14:07:19 GMT

Gold waits near 2,030.00

The price for gold remains near 2,030.00, as markets wait for the publication of the US Consumer Price Index on Thursday at 13:30 GMT. Meanwhile, resistance is at 2,040.00, support is at 2,025.00 and the 50 and 100-hour simple moving averages fail to impact the price. A surge of the commodity price is set to face the 2,050.00 level and

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