The GBP/USD has passed below the support levels near 1.2500. By mid-Tuesday, the rate had touched the 1.2460 level. Economic Calendar This week, the top event of the week will be the announcement of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The Fed is expected to hike its base interest rate from 5.00% up to 5.25%. A larger
The EUR/USD has passed below the support zone at 1.0965 and the weekly S1 simple pivot point at 1.0953. However, it was observed that despite being pierced the pivot point had held. Economic Calendar Analysis This week, the top event of the week will be the announcement of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The Fed is expected
In general, the price for gold remains in previous range. However, take into account that round price levels appear to be providing short term impact on the commodity price. Meanwhile, broader support and resistance zones remain unchanged. Economic Calendar Analysis This week, the top event of the week will be the announcement of the US Federal Reserve Federal Funds Rate at 18:00
The release of the higher than expected US Core PCE Price Index has indicated that the Federal Reserve continues to fail its fight against US inflation. It signals that the Fed is set to hike interest rates and continue with its hawkish monetary policy. Namely, the value of the US Dollar is set to rise due to rising US interest
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. Economic Calendar Analysis This week, the top event of the week will be the announcement of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The Fed is
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 published the
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. Economic Calendar The US Core PCE Price Inflation at 12:30 GMT on Friday and the next week's Federal Reserve Rate hike are
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 to
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. Economic Calendar Analysis This week,
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. Economic Calendar This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value of the US
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. Economic Calendar This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value of the US Dollar. However, the top event
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. Economic Calendar Analysis This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value of
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. Economic Calendar Analysis This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value
The USD/JPY currency rate shortly retreated below the support of the 200-hour simple moving average and the 134.00 mark. Economic Calendar This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value of the US Dollar. However, the top event of the week will be the US Core PCE Price Index release at 12:30 GMT. The
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. Economic Calendar This week, the US Advance GDP release at 12:30 on Thursday is bound to
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. Economic Calendar Analysis This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value of the US Dollar. However, the top event of the week will be the US Core PCE Price
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 Economic Calendar Analysis This week, the US Advance GDP release at 12:30 on Thursday is bound
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. Economic Calendar This week, the US Advance GDP
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. Economic Calendar This week, the US Advance GDP release at 12:30 on Thursday
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. Economic Calendar Analysis This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value of the
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. Economic Calendar Analysis On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. XAU/USD short-term forecast A move above 2,010.00 is
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. Economic Calendar On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. Hourly Chart A move below the support zone near 134.00 might look for support in the 200-hour simple moving