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
On Thursday, the price for gold found support in the 1,840.90/1,842.15 zone and started a recovery. During the day's trading, the price was encountering resistance in the 50 and 100-hour simple moving averages. On Friday morning, the pair reached above the moving averages and, at the time of writing, was surging. Economic Calendar Analysis This week's notable events are over. Next week, the
The decline, which was caused by the Governor of the Bank of Japan on Thursday, found support in the 126.55/126.60 range. Afterwards, a recovery to the 127.40 level occurred. On Friday morning, the rate fluctuated around the 127.00 level, as support and resistance was being provided by round exchange rate levels. It appeared that the pair was still looking for direction
On Thursday, the GBP/USD rate continued to find support in the 1.2555/1.2560 zone and resistance in the May high level zone at 1.2600/1.2640. At midnight to Friday GMT timezone, the May high level zone failed to hold and the pair surged to the 1.2665 level, which is a new monthly high. However, after reaching the high level, the pair appeared to
The rate eventually found enough support to surge above the weekly R2 simple pivot point at 1.0737 and the 1.0750 mark. On Friday morning, the currency pair appeared to have encountered minor resistance in the 1.0765 level. Economic Calendar Analysis This week's notable events are over. Next week, the markets are set to concentrate on US Manufacturing PMI on Wednesday and employment
Despite initially holding, the lower trend line of the post May 16 channel up pattern failed to provide enough support on Thursday morning. By the middle of the day's European trading hours, the price for gold had not only passed below the trend line, but also confirmed it as resistance. The trend line was acting as resistance together with the
On Thursday morning, the USD/JPY had failed at its second attempt at passing the 127.50 level and a resistance zone, which surrounds it, as the head of the Bank of Japan Haruhiko Kuroda commented on monetary policy and caused a surge of the Japanese Yen. The Governor of the Bank of Japan stated that the Japanese central bank could execute a
The GBP/USD ended its sideways trading by breaking the resistance zone at 1.2555/1.2560. Afterwards, the pair tested the resistance of the May high level zone at 1.2600/1.2640. By the middle of Thursday's European trading hours, the pair had returned to the 1.2555/1.2560 level and appeared to be confirming it as support. Economic Calendar On Thursday, the US quarterly Preliminary GDP data at
On Wednesday, the support of the 1.0625/1.0640 range held and a surge occurred, as the 100-hour simple moving average approached the pair from below. However, on midnight to Thursday the pair encountered resistance in the 1.0700 level, despite shortly reaching above it. Economic Calendar Analysis On Thursday, the US quarterly Preliminary GDP data at 12:30 GMT is set to confirm or deny