The 134.50 mark provided enough resistance to the USD/JPY to cause a retracement down below the 133.50 level, the 50-hour simple moving average and the weekly R2 simple pivot point at 133.66. During the second half of Thursday's trading, the pair had resumed its surge, as it reached above 134.00. Economic Calendar On Friday, the US Consumer Price Index release at 12:30
On Thursday morning, the GBP/USD rate found support in the 1.2500 mark and recovered, until resistance was found in the 50-hour simple moving average at 1.2550. Economic Calendar On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of the USD. GBP/USD short-term review A move of the Pound down against the US
On June 9, the European Central Bank published its interest rates and Monetary Policy Statement. In general, as expected, the central bank kept its interest rate's unchanged. Meanwhile, the central bank revealed that it would hike its interest rates by 0.25% in July. Moreover, the ECB is set to end its Asset Purchase Program on July 1. The EUR/USD reacted to
In May, the DUK+ asking price has drawn a double top pattern by making two attempts at reaching above 1.7500. In the meantime, support was found near and below the 1.5000 level. Namely, the asset price fluctuated in a 0.2500 range. Meanwhile, the bid price remained in the 1.4000/1.5000 zone with the exception of two spikes up to 1.6500. However, at
Throughout this week, the price for gold has fluctuated in the 1,837.00/1,858.00 zone. On Wednesday, the price was mostly fluctuating in the 1,845.00/1,855.00 range. Namely, the price bounced around the 1,850.00 mark in a ten USD range. Economic Calendar Analysis On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of
At mid-day on Wednesday, the USD/JPY pair's surge hit the 134.50 mark. Meanwhile, it was spotted that the 133.50 and 134.00 levels and the weekly R2 simple pivot point failed to act as resistance. Economic Calendar On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of the USD. Hourly Chart A
Despite piercing the 1.2460/1.2480 zone's support, the GBP/USD recovered on Tuesday. During the late hours of the day's trading, the pair encountered resistance in the 1.2600 mark. By the middle of Wednesday's trading, the pair had declined below the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.2535/1.2565. Economic Calendar On Friday, the US Consumer Price
Since the last failed attempt at passing the 1.0740/1.0760 zone, the EUR/USD has been trading around the 1.0700 mark. Namely, the pair has declined and found support at 1.0660, before retracing back up to the 1.0740 level. At mid-day on Wednesday, the currency pair was trading between the resistance of the 1.0740 level and the support of the technical levels
Since declining on Friday, the price for gold has fluctuated around the 1,850.00 level. Meanwhile, the price was slightly impacted by the 100 and 200-hour simple moving averages. In general, previous forecasts remain unchanged Economic Calendar Analysis On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of the USD. XAU/USD short-term
Since the second part of Friday's trading, the USD/JPY has been testing the resistance of the 131.00/131.40 zone. Meanwhile, support was being provided by the combination of the 130.50 level and the lower trend line of the channel up pattern. Economic Calendar On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the
On Monday, the 1.2460/1.2480 zone once again acted as support, as the GBP/USD surged to the resistance of the 200-hour simple moving average near 1.2575. Economic Calendar On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of the USD. GBP/USD short-term review If the Pound manages to reach above the 200-hour simple
The bounce off from the resistance zone at 1.0740/1.0760 found support in the 50-hour simple moving average close above the 1.0700 level. During the first half of Monday's trading, the rate continued to fluctuate in the 1.0710/1.0750 range. In general, previous forecasts remain intact. Economic Calendar Analysis On Thursday, the ECB Main Refinancing Rate and the Monetary Policy Statement are expected to
On Thursday, the price for gold managed to reach above the 1,865.00/1,870.00 resistance zone. However, even before reaching the 1,875.00 level, the price started to decline. On Friday, the price had found support in the 50-hour simple moving average near 1,857.00. Economic Calendar Analysis On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets
On Friday morning, the USD/JPY found enough support in the 129.50/129.80 zone to start a surge. By the middle of the day's trading, the pair had already passed above the 130.50 mark. Economic Calendar On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of the USD. Hourly Chart If the US
The GBP/USD found enough support in the 1.2460/1.2480 zone on Thursday to sharply surge up to the weekly simple pivot point at 1.2588. The pivot point acted as resistance and caused a decline to the 1.2520 level. At mid-day on Friday, the pair was highly volatile between the support of the 50-hour simple moving average near 1.2540 and the resistance
On Friday morning, the EUR/USD bounced off the resistance of the 1.0740/1.0760 zone. The following decline eventually reached the support of the 50-hour simple moving average at 1.0705. The touching of the 50-hour SMA was consistent with the dip, which was caused by the release of the monthly US employment data at 12:30 GMT. Economic Calendar Analysis On Thursday, the ECB Main
On Wednesday morning, the price for gold reached below the support zone of the mid-May low and high levels at 1,832.50/1,835.80. However, at mid-day the decline got exhausted, as a surge occurred. The rate quickly reached the 1,850.00 mark and the three hourly simple moving averages. Economic Calendar Analysis On Thursday, minor USD moves could occur due to the ADP Non-Farm Employment
The surge of the USD/JPY currency pair has reached the high level zone at 129.50/129.80. Economic Calendar This week, traders will be initially looking at the ISM Manufacturing Purchasing Managers Index survey results on Wednesday at 14:00 GMT. The publication is set to reveal how the US Manufacturing industry is looking at the future and with it impact the value of the
At mid-day on Wednesday, the GBP/USD currency pair passed below the support of the 200-hour simple moving average. The event indicated that the pair could reach new low levels. However, support was almost immediately found in the 1.2560 mark. Economic Calendar This week, traders will be initially looking at the ISM Manufacturing Purchasing Managers Index survey results on Wednesday at 14:00 GMT.
The EUR/USD surge did not reach the 1.0800 mark, as it started a decline during the midnight hours to May 31. The following decline eventually found support in the 200-hour simple moving average near 1.0680. The moving average provided enough resistance for a surge to begin. The surge eventually found resistance in the 1.0740/1.0760 zone. On June 1, the rate
On Monday morning, the price for gold found support in the 1,850.00 mark and shortly surged above the 1,860.00 level. However, by the middle of the day's European trading hours, the commodity price had declined and looked for support in the 50 and 100-hour simple moving averages. Economic Calendar Analysis This week, traders will be initially looking at the ISM Manufacturing Purchasing
On Monday, the USD/JPY bounce off the last week's low level trend line and surged to the 127.50/127.60 zone. At mid-day on Monday, the resistance zone was passed and the pair began to test the upper trend line of the channel down pattern, which had guided the rate since the start of May. Economic Calendar This week, traders will be initially looking
Since mid-Thursday, the GBP/USD has been pushed up by the support of the 50-hour simple moving average. During the push upwards, the rate appears to have encountered resistance near 1.2650/1.2660. Economic Calendar This week, traders will be initially looking at the ISM Manufacturing Purchasing Managers Index survey results on Wednesday at 14:00 GMT. The publication is set to reveal how the US
On Monday morning, the EUR/USD currency pair reached above the 1.0750 mark. Moreover, a resistance zone was marked at 1.0747/1.0765. At mid-day, the currency exchange rate appeared to be finding support in the previous resistance zone. Economic Calendar Analysis This week, EUR/USD traders will be initially looking at the ISM Manufacturing Purchasing Managers Index survey results on Wednesday at 14:00 GMT. The