Due to an unclear reason, the release of the US Core PCE Price Inflation has caused a surge of the Pound against the US Dollar. The US inflation came in higher than expected, which in theory should have strengthened the US Dollar and cause a GBP/USD decline. Meanwhile, the GBP/USD is the only US Dollar pair, where the peer currency
The EUR/USD appears to be waiting for the Wednesday's Federal Reserve interest rate hike. Meanwhile, from a technical analysis perspective, the pair has revealed a resistance zone near 1.1100 and support near 1.0965. On Monday, the pair was located near the 1.1000 mark. A potential decline of the Euro against the US Dollar might look for support at 1.0965. Near
Gold has continued to test the 2,000.00/2,010.00 range's resistance. Each time the metal makes an attempt, a US data release causes a strengthening of the US Dollar and subsequent drop of the price for Gold. At mid-day on Thursday, the US GDP caused a drop of the price down to 1,985.00. The United States Bureau of Economic Analysis has just
Despite piercing the weekly S1 simple pivot point and declining to almost 133.00, the USD/JPY recovered on Wednesday. In general, the rate appears to be consolidating in a range between 133.00 and 134.00, as it expects more US financial data. The US Advance GDP on Thursday at 12:30 GMT, the US Core PCE Price Inflation at 12:30 GMT on
At mid-day on Wednesday, the GBP/USD was making another attempt to reach above the 1.2500 mark, as the US Durable Goods Orders data was released. The data revealed that US consumers continue to buy long term use goods, which signals that inflation would remain high. In turn, high inflation might force the US Federal Reserve to hike interest rates more
The EUR/USD was heading to the 1.1100 mark at mid-day on Wednesday, as the US Durable Goods Orders data was released. The data revealed that US consumers continue to buy long term use goods, which signals that inflation would remain high. In turn, high inflation might force the US Federal Reserve to hike interest rates more than expected. Due
Gold started a surge at the start of Tuesday's US trading hours, as US banks experienced another stock price crash. However, the surge was stopped by the 2,000.00/2,010.00 range's resistance. Meanwhile, it was spotted on Wednesday that the price was finding support in the 50 and 100-hour simple moving averages. In general, previous forecast scenarios remain relevant. A recovery of
The decline of the US Dollar against the Japanese Yen has reached the combined support of the weekly S1 simple pivot point at 133.37 and the 133.40 level. Meanwhile, it has been observed that the 133.80 level acts as resistance. A decline below 133.40 might be slowed down by the 133.00 level and the weekly S2 simple pivot point at 132.67.
The GBP/USD currency exchange rate has bounced off the support of the 1.2400 mark. Previously, the pair respected resistance of the 1.2500 mark. At mid-day on Wednesday, the pair was heading to the 1.2500 mark. A move above the 1.2500 mark and the resistance zone at it could be slowed down by the weekly R2 simple pivot point at 1.2542.
The EUR/USD found support in the weekly simple pivot point at 1.0965 The event was followed with a surge of the rate up to the resistance of the 1.1060 level. At mid-day on Wednesday, the rate was testing the resistance level. A move above 1.1060 might be slowed down by the 1.1080 and 1.1100 levels, before approaching the weekly R3
The price of Gold ignored the 50 and 100-hour simple moving averages and approached the 2,000.00 mark. At midnight to Tuesday the price bounced off the round level. By mid-Tuesday, the metal appeared to be heading back to the 1,970.00/1,975.00 support zone. A decline of the commodity price would have to reach below 1,970.00, before approaching the February and January
The USD/JPY currency rate shortly retreated below the support of the 200-hour simple moving average and the 134.00 mark. An extension of the ongoing decline might look for support in the 133.50 level, the weekly S1 simple pivot point at 133.37, the 133.00 mark and weekly S2 at 132.67. However, a recovery of the US Dollar against the Yen is set
The GBP/USD mark shortly reached above 1.2500 at midnight to Tuesday. However, the event was followed by a decline of the Pound against the US Dollar. By mid-Tuesday, the rate had reached the combined support of the 50, 100 and 200-hour simple moving averages near 1.2440. A move below the simple moving averages could look for support in the weekly
The EUR/USD reached above the 1.1060 level at midnight to Tuesday. Afterwards, a decline started, as by mid-day the pair had reached below 1.1020. If the pair declines even more, it could look for support in the 50-hour simple moving average at 1.1010, the 1.1000 mark and the combination of the 100 and 200-hour SMAs near 1.0990. Further below, note
Gold has revealed that it respects the range between 1,970.00 and 1,975.00 as support. Meanwhile, the 50 and 100-hour simple moving averages have acted as resistance. On Monday, the moving averages were approaching the price from above, as the metal continued to find support in 1,975.00 A move of the price above 1,990.00 and the moving averages might encounter resistance in
Despite piercing the support of the 134.00 level, the USD/JPY was still trading in the 134.00/135.00 range on Monday. The rate suddenly surged on Friday at 13:45 GMT, as the US Flash Services and Manufacturing PMI data sets were released. The data strengthened the US Dollar due to showing positive tendencies among US producers. In the case of a continuous
The GBP/USD has ignored the support zone near 1.2400, but appears to be still respecting the resistance of the 1.2468/1.2474 range. On Monday, the rate approached the resistance and started to test it. Meanwhile, support appears to have been provided by the 50, 100 and 200-hour simple moving averages. A move above the 1.2475 level might encounter resistance in the weekly
The EUR/USD has managed to reach above 1.1000. Moreover, the round exchange rate level has turned into support. By the middle of Monday's trading hours, the rate has moved above 1.1025 and the weekly R1 simple pivot point at 1.1022. An extension of the ongoing decline might aim at the combined resistance of the 1.1050 and the weekly R2 simple
The 1.970.00 mark has provided enough resistance to the commodity price to cause a recovery. By mid-Thursday, the recovery had reached above the 50-hour simple moving average and the price was testing the 2,000.00/2,010.00 range. A move above 2,010.00 is expected to be slowed down by round price levels until the price once again reaches the notable levels of 2,030.00 and
The USD/JPY made two attempts to reach above 135.00, before a decline stared at mid-day on Thursday. The decline reached the support zone near 134.00. A move below the support zone near 134.00 might look for support in the 200-hour simple moving average near 133.70. Further below, note the 133.50 level and the weekly simple pivot point at 133.20. However, a resumption
The GBP/USD continues to trade in the range, which was established after the UK CPI release. Resistance is located at 1.2468/1.2474 and support is at 1.2393/1.2405. A move above 1.2475 could be stopped by the 1.2500 mark and the weekly R1 simple pivot point at 1.2523. Higher above, note the April high level at 1.2546. However, a decline would have to pass
The EUR/USD has been ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point, as it has been highly volatile between the 1.0940 mark and the resistance of the 1.0982/1.0984 range. On Thursday afternoon, the pair pierced the resistance zone. An extension of the upwards move might be slowed down by the 1.1000 mark, before
The price for gold has bounced off the 2,000.00/2,010.00 range and declined. By the middle of Wednesday's trading, the commodity price has reached the 1,975.00 level. A continuation of the ongoing decline might look for support in the February and January high levels at 1,960.00 and 1,949.00. Meanwhile, any potential recovery is set to face resistance in the 2,000.00/2,010.00 range and
The USD/JPY has respected the support of the 133.87/134.00 zone. The zone was strong enough to cause another surge. By mid-Wednesday, the pair had reached and pierced the 135.00 mark. A proper move above 135.00 could encounter resistance in the weekly R2 simple pivot point at 135.42 and the 135.50 level. Higher above, note the 136.00 mark. On the other hand, a