At mid-day on Tuesday, the EUR/USD currency exchange rate traded below the 1.1300 mark, which had been passed during the drop that started with the start of 2022. Economic Calendar Analysis The most notable event of the week will be the US and Canadian monthly employment data release on Friday at 13:30 GMT. However, some might argue that the FOMC Meeting Minutes release
Late on December 22, the price for gold reached the 1,810.00 mark. Since then, the price has been fluctuating with high volatility sideways around the price level. Meanwhile, the hourly simple moving averages were catching up to the price from below. Economic Calendar Analysis The week before New Year's has no notable scheduled events. Expect the review of the first week of
The USD/JPY continued to surge, as it was pushed up by the 50-hour simple moving average. Meanwhile, the currency exchange rate remains in a channel up pattern, which had guided the pair since December 17. On December 27, the only close by resistance to the rate was the weekly R1 simple pivot point at 114.91. Economic Calendar The week before New Year's
Since the middle of December 23, the GBP/USD currency exchange rate has been trading sideways between the 1.3400 mark and a resistance zone above 1.3420. The sideways trading could be explained by the lack of direction caused by the holiday season. Economic Calendar The week before New Year's has no notable scheduled events. Expect the review of the first week of
Last week, the EUR/USD failed at two attempts to pass the resistance of the 1.1340 mark. On December 27, the currency pair was trading above the support of the weekly simple pivot point and the 200-hour simple moving average at 1.1300. Meanwhile, the currency pair was ignoring the support and resistance of the 50 and 100-hour simple moving averages. Economic Calendar Analysis The
The yellow metal's price found enough support in the 200-hour simple moving average to start a surge, which broke the 50 and 100-hour simple moving averages and the upper trend line of the channel down pattern. On Thursday, the price fluctuated around the 1,805.00 level, as it appeared to be consolidating. Economic Calendar Analysis On Thursday, at 13:30 GMT the US Durable
Despite reaching a new December high level and passing the resistance of the weekly R1 simple pivot point at 114.30, the USD/JPY currency exchange rate did not start a surge. Instead, the rate retraced below the technical levels and almost reached the 50-hour simple moving average, before returning to trade near the 114.30 level. Economic Calendar On Thursday, at 13:30 GMT the
It took the GBP/USD currency exchange rate 15 hours of testing resistance and trading flat below the previous December high level zone at 1.3365, before the high level failed. By the middle of Thursday's GMT trading, the pair had already reached the 1.3435 level. Moreover, the GBP faced no resistance against the USD as high as the 1.3468 level. Economic Calendar On
The EUR/USD broke out of the previous trading range to the upside. The surge ended at the 1.1340 mark, which served as resistance. By the middle of Thursday's trading, the pair had retreated and had almost reached the 1.1300 mark. Economic Calendar Analysis On Thursday, at 13:30 GMT the US Durable Goods Orders and Core Durable Goods orders data will be published.
The price for gold passed the support of the 100-hour simple moving average near 1,790.00 on Tuesday afternoon. However, the price almost immediately found support in the 200-hour simple moving average, which kept the rate up until the middle of Wednesday. At mid-day on Wednesday, the price was approached by the resistance of the 50-hour SMA. Economic Calendar Analysis On Wednesday,
The USD/JPY succeeded at its second attempt to reach a new December high level. By the middle of Wednesday's European trading hours, the rate had reached above the 114.30 level. Economic Calendar On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP. Although, the only release for more than a year, which caused a
The GBP/USD currency exchange rate has continued to move higher. At mid-day on Wednesday, the rate left below it the hourly simple moving averages, the weekly simple pivot point and the high level resistance zone near 1.3280. By 12:00 GMT, the GBP had reached the 1.3320 mark against the USD. Economic Calendar On Wednesday, at 13:30 GMT, the US Dollar might
During late Tuesday hours and early Wednesday's trading, the EUR/USD reached both below support and above resistance. The pair reached two times below the support of the weekly simple pivot point at 1.1276. At mid-day on Wednesday, the pair had recovered and moved above the 1.1302/1.1305 resistance zone. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Dollar might react to
Since the middle of Monday's trading hours, the yellow metal's price has been fluctuating between the support of the 100-hour simple moving average near 1,790.00 and the resistance of the 50-hour simple moving average at 1,800.00. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP. Although, the only release for
On Tuesday, the USD/JPY was finding support in the 50-hour simple moving average near 113.55. Meanwhile, the pair appeared to be ignoring the resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point in the 113.65/113.72 range. Economic Calendar On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP.
Since mid-Monday's trading, the GBP/USD bounced off the resistance of the 200-hour simple moving average, retraced and found support in the 1.3200 mark and succeeded to pass the 200-hour SMA. At mid-day on Tuesday, the pair had reached the 1.3260 level, where the GBP/USD faced the resistance of the 100-hour SMA and the weekly simple pivot point. Economic Calendar On Wednesday,
Since mid-Monday, the EUR/USD has been fluctuating between the support of the weekly simple pivot point at 1.1276 and the resistance of the 1.1302/1.1305 zone. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP. Although, the only release for more than a year, which caused a noteworthy move was the
Despite initially providing support, the combination of the 1,800.00 mark and the 50-hour simple moving average failed at mid-day on Monday. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP. Although, the only release for more than a year, which caused a noteworthy move was the latest one, September 30
The USD/JPY has recovered from the 113.15/113.20 zone. On Monday, the pair was making attempts at passing the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 113.60/113.75 zone. Economic Calendar On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP. Although, the only release
The GBP/USD currency exchange rate was recovering on Monday, as the pair found support in the December low level zone at 1.3162/1.3175. By the middle of Monday's trading, the rate had reached the resistance of the 200-hour simple moving average at 1.3240. Economic Calendar On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final
The EUR/USD found support in the December low level zone and started a recovery on Monday morning. By the middle of the day's trading, the pair had reached the resistance of the weekly simple pivot point at 1.1276. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Dollar might react to the publication of the US Final GDP. Although, the only
The price for gold has reached the 1,815.00 mark, where the late November high level resistance zone is located at. Namely, the 1,812.50/1,815.80 zone acts as resistance. On December 15, the US Federal Reserve published its FOMC Statement and Economic Projections. In general, the federal funds rate remained unchanged. However, the bank announced that it would decrease its monthly treasury purchases
Eventually, on Thursday the USD/JPY started a decline, as other pairs had done in the aftermath of the US Fed Statement on Wednesday. By the middle of Friday's trading, the pair had reached below the 113.20 level and had no technical support as low as 112.84. Meanwhile, on Friday morning, at 02:56 GMT, the Bank of Japan revealed its future monetary
The GBP/USD jumped on Thursday due to the unexpected Bank of England rate hike at 12:00 GMT. The rate's jump stopped at the weekly R2 simple pivot point at 1.3371. The event was followed by a decline, which on Friday found support in the 50-hour simple moving average and the December high level zone at 1.3277/1.3288. On December 16, the