By the middle of Wednesday's European trading hours, the EUR/USD currency exchange rate had reached below the 1.0600 and approached the weekly S3 simple pivot point at 1.0550. Economic Calendar Analysis During the week, minor moves could be created by some data releases. Meanwhile, note that the whole financial market continues to adjust to the latest comments made by the Federal Reserve
The situation on the chart for gold has not changed. Gold continues to find support in the 1,940.00 mark and resistance is provided by the 1,955.00 level and a zone above it. Previous analysis remains relevant. Economic Calendar Analysis There are no more notable events scheduled for this week. Next week's review is set to be published on Monday. XAU/USD short-term forecast In
The USD/JPY made three attempts at passing the resistance zone at 128.47/128.68. On Friday morning, the rate clearly bounced off the resistance zone, as it passed below the support of the 50 and 100-hour simple moving averages and the 128.00 mark. Economic Calendar There are no more notable events scheduled for this week. Next week's review is set to be published on
Since the middle of Thursday's trading up to the morning hours of Friday, the GBP/USD currency pair traded near the 1.3020 level. Due to that reason, the previous forecast scenarios remained relevant. Economic Calendar There are no more notable events scheduled for this week. Next week's review is set to be published on Monday. GBP/USD short-term review A decline of the Pound against the
The April high level zone at 1.0920/1.0938 provided resistance to the EUR/USD currency exchange rate. The event was followed with a decline to the weekly simple pivot point at the 1.0832 level. In the meantime, on Friday morning it was spotted that the rate was finding resistance in the 50-hour simple moving average. Economic Calendar Analysis On Friday, at 07:30 GMT, the
Gold continues to find support in the 1,940.00 mark and resistance is provided by the 1,955.00 level and a zone above it. Economic Calendar Analysis There are no more notable events scheduled for this week. Next week's review is set to be published on Monday. XAU/USD short-term forecast In the near term future, a potential decline of the price for gold might look
The retracement of the USD/JPY currency pair eventually found support in the 127.50 mark. By the start of Thursday's US trading hours, the currency pair had already made an attempt to pass the 128.50 level and revealed a resistance zone above it. Economic Calendar There are no more notable events scheduled for this week. Next week's review is set to be published
The GBP/USD currency exchange rate confirmed the 1.3080 level and a zone above it as resistance, during the first half of Thursday's trading. The event was followed with a decline, which by mid-day was looking for support near the 1.3030 level. In the meantime, the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point appeared to
On Thursday, the EUR/USD jumped and hit the April high level zone at 1.0920/1.0938. By the middle of the day's GMT trading hours, the rate had bounced off the zone and retraced down to the 1.0880 level. Economic Calendar Analysis On Friday, at 07:30 GMT, the German Flash Manufacturing and Services PMIs are most likely going to cause Euro moves. Click on the
The price for gold failed to reach the 2,000.00 mark during the last week's trading, as it bounced off the resistance of the 1,995.00/1,998.40 zone. Up to the middle of Wednesday's GMT trading hours, the commodity price had passed the support of the 50, 100 and 200-hour simple moving averages and the trend line, which connects the late March and early
The sharp surge of the US Dollar, compared to the Japanese Yen, encountered resistance at the 129.34/129.40 zone. At midnight to Wednesday, a decline of the pair started, which by the middle of the day had touched the 127.60 level. Economic Calendar On Thursday, the weekly US Unemployment Claims at 12:30 GMT might cause a minor USD move. Click on the link below
The GBP/USD has found support in the April low level zone at 1.2975/1.2990. By the middle of Wednesday's trading hours, the pair had reached above various technical resistance levels and the 1.3060 mark. Economic Calendar On Thursday, the weekly US Unemployment Claims at 12:30 GMT might cause a minor USD move. On Friday, at 06:00 GMT the value of the GBP could adjust
The drop, which was caused by the ECB last week, eventually ended at the 1.0757 level. Most recently, on Tuesday the level acted as support and caused a recovery, which by the middle of Wednesday's trading had reached above 1.0860. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims at 12:30 GMT might cause a minor USD move. On Friday, at 07:30
Since mid-Tuesday, the price for gold has fluctuated between a support zone at 1,965.70/1,970.00 and resistance at 1,978.50/1,982.00. Meanwhile, the 50-hour simple moving average had caught up to the price. However, the SMA did not provide either support or resistance. Economic Calendar Analysis XAU/USD short-term forecast If the commodity price reaches above 1,982.00 and continues to surge, it might eventually reach the
The resistance of the 126.15/126.30 zone was enough to cause a decline, which eventually passed below the trend line, which connects the pair's April low levels. Namely, the trend lie guided the pair up. On Thursday, the rate was looking for support near the 125.20 level, where various technical levels were located. Economic Calendar Hourly Chart If the US Dollar starts a recovery
On Wednesday, the GBP/USD eventually broke resistance levels against the US Dollar. By the middle of Thursday's trading hours, the rate had reached and bounced off the resistance of the 1.3150 mark. Afterwards, a decline started, which was heading to the cluster of technical levels at 1.3040/1.3060. The zone was made up of previous high levels, the weekly simple pivot point
On April 14, the European Central Bank kept its base rates in the negative zone and revealed that it would end asset purchases only in the third quarter of 2022. The news indicate that the rampant inflation in the European Union is set to continue, and the value of the Euro is going to decline. The news caused a drop of
The recovery of the gold price gradually continues, as on Wednesday the price hit the 1,980.00 mark, which acted as resistance. Meanwhile, it was spotted that the previous resistance zone at 1,965.70/1,970.00 had acted as support. Economic Calendar Analysis On Thursday, 12:30 GMT, the US Retail Sales data and weekly Unemployment Claims are scheduled to impact the value of the US Dollar. Click
The surge of the USD/JPY continues on, as the Japanese Yen continues to extend broad losses. On Wednesday morning, the pair surged and shortly pierced the 126.15 level, where the weekly R2 simple pivot point was located at. Afterwards, a retracement down occurred, which revealed the precise lower border of the support and resistance zone at 125.63/125.76. Economic Calendar On Thursday, 12:30
On Wednesday morning, the GBP/USD currency pair shortly reached below the support zone at 1.2980/1.2989. Meanwhile, it appeared that the 1.3020 level and the 50-hour simple moving average acted as resistance. In addition, the 100-hour SMA was approaching from above. Economic Calendar On Thursday, 12:30 GMT, the US Retail Sales data and weekly Unemployment Claims are scheduled to impact the value of
The EUR/USD has passed below the support zone at 1.0840. However, the event did not result in a decline. It was observed throughout Wednesday that the pair was fluctuating in the 1.0815/1.0855 range without a clear future direction. Meanwhile, the 50 and 100-hour simple moving averages were approaching the currency pair from above. Economic Calendar Analysis On Thursday, at 11:45 GMT, the
At mid-day on Thursday, the yellow metal broke the resistance of the 1,970.00 mark. The event occurred due to the release of the US Consumer Price Index at 12:30 GMT. In the meantime, it was spotted that the rate was respecting the support of the 50-hour simple moving average near 1,950.00. Economic Calendar Analysis During the middle of Wednesday's trading, at 12:30
The USD/JPY was testing a resistance zone at 125.70/125.75, as the US Consumer Price Index data was published and caused a drop below the 125.00 mark. Afterwards, the pair recovered above 125.00. However, the pair encountered resistance in the weekly R1 simple pivot point at 125.22. Economic Calendar During the middle of Wednesday's trading, at 12:30 GMT, the US Producers Price Index
Since Monday, the currency pair has been trading between a support zone at 1.2980/1.2989 and resistance at 1.3045/1.3055. In the meantime, additional resistance had approached the rate in the form of the 50-hour simple moving average. At mid-day, the US Consumer Price Index release revealed that the US needs to tighten monetary policy, which caused a drop of the USD. The