The USD/JPY currency exchange rate has plummeted, as the markets have taken in the Federal Reserve rate hike and new macroeconomic information that impacts the US Dollar. On Thursday, the pair traded near the 132.50 level. Economic Calendar On Friday, the top event for the Japanese Yen is set to occur. However, no pre-set time is available for the event. Namely, the
In the past 24 hours, the US Federal Reserve hiked 75 base points and the Bank of England hiked its interest rate by 25 points. First of all note the high volatility candles around the events at 18:00 and 12:00 GMT. Secondly, in theory, as the Fed surprises with a larger than expected hike and Bank of England did as
Prior to the Federal Reserve hiking interest rates, the EUR/USD reached below the 1.0400 mark. The press conference held by the Fed caused a surge, as Jerome Powell made initially reassuring comments. However, by the middle of Thursday's trading, the pair was once again below the 1.0400 level. Moreover, the pair was ignoring the support and resistance of the rate
The price for gold once again tested the support of the zone below 1,810.00 level during late Tuesday's trading hours. By the middle of Wednesday's trading, the price had recovered and returned to 1,835.00. Meanwhile, on Wednesday, the markets were awaiting the US Federal Reserve rate hike at 18:00 GMT, which is set to reveal the future direction of the US
The USD/JPY pair hit the 135.50 mark and shortly traded above it during the midnight hours to Wednesday. However, since the event, the pair has been declining as by the middle of the day's trading the pair was located at the 134.50 mark and was looking for support near that level. Prior to analysing the technical chart, note that the Federal
The GBP/USD rate found support in the 1.1940 level, which is 20 base points below the 2019 low level at 1.1960. The event was followed by a surge of the Pound against the US Dollar, which by the middle of the day's European trading hours had reached above the 1.2100 mark and the technical levels, which strengthened it. Above all note
The support of the 1.0400 mark eventually was enough to cause a move of the EUR/USD up to the resistance zone, which surrounds the 1.0500 mark. Meanwhile, on Wednesday, the markets were awaiting the US Federal Reserve rate hike at 18:00 GMT, which is set to reveal the future direction of the US Dollar. Note that the publication and the follow
The price for gold eventually reached below the 1,825.00/1,830.00 zone. However, by the end of Monday's trading the pair had found support in the 1,810.00 mark and recovered to 1,830.00. Economic Calendar Analysis On Wednesday, the US Retail Sales and Core Retail Sales is bound to impact the USD value at 12:30 GMT. The top event of the month is scheduled for Wednesday's
The USD/JPY currency pair has retreated below the supporting trend line, which guided it since May 23. However, despite the move below support levels, the rate was making attempts at surging during the Tuesday's early trading hours. Economic Calendar On Wednesday, the US Retail Sales and Core Retail Sales is bound to impact the USD value at 12:30 GMT. The top event of
On Tuesday morning, the GBP/USD decline consolidated by retracing back up to the combined resistance of the weekly S1 simple pivot point and the 1.2200 mark. Afterwards, the rate resumed its decline, as before mid-day the pair was already back at the weekly S2 simple pivot point at 1.2100. Economic Calendar On Wednesday, the US Retail Sales and Core Retail Sales is
The decline of the Euro against the US Dollar has reached the 1.0400 mark, which acted as support. The support of the round exchange rate level was enough to cause a recovery up to the 50-hour simple moving average near 1.0480.Meanwhile, it was spotted that traders have set up sell orders.Economic Calendar Analysis On Wednesday, the US Retail Sales and Core
The surge of the US Consumer Price Index on Friday ended at the 1,870.00/1,880.00 zone. Note that the 1,880.00 level acted as resistance and a decline started, as this week's trading began. At mid-day European trading hours, the commodity price found support in the combination of the 1,850.00 level and the 50, 100 and 200-hour simple moving averages. Economic Calendar Analysis On
The USD/JPY currency exchange rate has reached a level not observed since 1998. The pair has hit the 135.00 mark's resistance. During the early hours of Monday's trading, the pair failed at passing clearly above the high level and retraced downwards. At mid-day the currency rate was looking for support in the combination of the 50-hour simple moving average and the
During the mid-day in London, the GBP/USD currency exchange rate's decline plummeted below the 1.2200 level. Earlier during the day, the pair passed the 2020 July low level at 1.2260. The ongoing broad decline was caused by the strengthening of the US Dollar. The US Dollar has been sharply surging in value due to the higher than expected US inflation data,
The surge of the US Dollar, which was caused by the US Consumer Price Index release on Friday, continued on Monday. By the middle of the day's European trading hours, the EUR/USD had passed below the support of the 1.0500 mark and reached 1.0470. Economic Calendar Analysis On Tuesday, the financial markets are expected to react to the US Producer Price Index
The price of gold continued to trade around the 1,850.00 mark until a minor decline started at mid-day on Thursday. The decline occurred, as the US Dollar strengthened during the early hours of US trading. 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
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