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
The ECB announced a reduction of monetary stimulus on Thursday, this event boosted the surge of the EUR/USD. However, the rate found resistance at the December high level zone at 1.1355/1.1360. Afterwards, the pair declined and found support in the weekly simple pivot point at 1.1300. The following recovery ended at the 1.1350 mark. By the start of Friday's US trading
The price for gold has fluctuated due to changes in market demand for the US Dollar not due to changes in the perceived value of gold as a commodity. Namely, at 19:00 GMT on Wednesday, the price dipped as the USD initially gained value due to the reveal that monetary stimulus would be reduced. However, as the markets realized that
The USD/JPY currency exchange rate pierced the resistance zone of 113.88/113.96, as the US Federal Reserve revealed that it would decrease stimulus. Although, the surge stopped at the 114.28 level. Take into account that the USD/JPY is the only of the top pairs, where the initial surge of the USD caused by the Fed was not followed up by a
The GBP/USD bounced off the resistance of the high level zone near 1.3280 on Thursday. Afterwards, at 19:00 GMT on the same day, the pair reacted to the US Fed Statement by piercing the recent low level connecting trend line and shortly trading below 1.3180. However, as it was clear that despite a decrease monetary USD stimulus would remain intact,
The EUR/USD dipped 35 base points on Wednesday at 19:00 GMT, as the US Federal Reserve announced that it would reduce stimulus. However, the dip was followed by a surge, as the markets realized that despite the decrease the Fed is still set to increase USD supply. By the middle of Thursday's trading, the pair had returned to the 1.1320 level.
The price for Gold plummeted below the support of the 50, 100 and 200-hour simple moving averages at mid-day on Tuesday. The move is being attributed to the higher than forecast US Producers Price Index data, which revealed a larger than previously thought demand for the US Dollar. By the middle of Wednesday's trading, the price had been fluctuating around the
The support of the 200-hour simple moving average held on Tuesday. The SMA caused a surge, which by the middle of Wednesday had reached the resistance zone of the December high level zone at 113.88/113.96. In addition, the weekly R1 simple pivot point was located in the zone at 113.95. Economic Calendar Top event of the month is scheduled for 19:00 GMT
The GBP/USD currency exchange rate has reached the December high level zone at 1.3277/1.3289. At mid-day on Wednesday, the rate appeared to have been retracing down after encountering resistance. The pair was expected to reach the combined support of the weekly simple pivot point at 1.3243 and the 50, 100 and 200-hour simple moving averages near 1.3230. Economic Calendar Top event