On Tuesday, instead of reaching the pivot point at 1.2945, the GBP/USD bounced off the resistance of the 1.2920 level. This level had also kept the rate down on Monday. On Wednesday morning, the currency exchange rate traded sideways between the mentioned resistance and the support of the 1.2880 level. Economic Calendar On Wednesday, at 12:30 GMT the US Retail Sales and
The EUR/USD made another attempt to pass the resistance of the 1.1900 level and failed on Tuesday. This event resulted in a decline, which reached the 1.1830 level by the start of Wednesday's trading. From that level, the rate began a recovery, which was piercing one resistance level after another, as the rate appeared to be returning to the 1.1900
The yellow metal ended its sideways trading by surging. Namely, by the middle of Tuesday's GMT trading hours the price of the metal had reached above the 1,970.00 level. Meanwhile, on the hourly candle chart the price had revealed a rising wedge pattern. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales data sets are set
At mid-day on Tuesday, the USD/JPY currency exchange rate reached the support of the weekly S2 simple pivot point at 105.52. In addition, support was expected from the 105.50 round exchange rate level. In the meantime, it was spotted that the pair's recovery attempt was stopped by the 105.80 level. Economic Calendar This week, on Wednesday, at 12:30 GMT the US Retail
On Tuesday morning, the GBP/USD currency exchange rate passed the 100-hour simple moving average's resistance. The resistance had caused a retreat back down to eh 55-hour SMA and monthly pivot point near 1.2830 on Monday. In the near term future, the rate was expected to aim at the resistance of the weekly simple pivot point at 1.2945. Economic Calendar During the week,
As forecast, the EUR/USD managed to pass the resistance of the monthly pivot point at 1.1867. On Tuesday, the currency exchange rate reached the 1.1900 level, which provided resistance. In the near term future, the rate could trade sideways until the 55 and 100-hour SMAs catch up and provide support. Economic Calendar Analysis This week, on Wednesday, at 12:30 GMT the US
The DUK+/EUR currency exchange rate has continued to surge throughout the past week. On Friday, the rate had been trading at 1.5900 level. In the near term future, the rate could consolidate by trading sideways or decline, as there were no close by buy order clusters. Daily Candle Chart On the daily candle chart the pair has left below it the daily
The metal started the week's trading by bouncing around the 1,945.00 level. Namely, it was supported by the 1,940.00 level and kept down by the 1,950.00 mark. In the meantime, in the mentioned zone three hourly simple moving averages were providing either support or resistance to the commodity price. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core
On Friday, the rate bounced off the 106.25 level and began a decline. By the middle of Monday's GMT trading hours, the rate had shortly reached below the 106.00 level. In theory, the rate should surge. However, the previous attempt to move higher was stopped by the 106.30 level. Economic Calendar This week, on Wednesday, at 12:30 GMT the US Retail Sales
The GBP/USD has been trading near the 1.2800 level since reaching it on Thursday. By large the situation had not changed on Monday morning. Meanwhile, the resistance of the 1.2850 mark, which kept the pair down on Friday, was approached by the 55-hour simple moving average. Economic Calendar During the week, noteworthy events start on Wednesday, 06:00 GMT, at that time,
The EUR/USD started the week's trading by approaching the monthly pivot point at 1.1867 and testing its resistance. In theory, the rate could pass this level, if it would get pushed up by the support of the 55 and 100-hour simple moving averages. Economic Calendar Analysis This week, on Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales
The yellow metal's price surged earlier than expected, as it passed the 1,950.00 level and reached the 1,965.00 mark at mid-day on Thursday. Although, this level provided resistance and caused decline back down to 1,940.00. On Friday, the rate was trading among the hourly simple moving averages in the range from 1,937.00 to 1,945.00. Economic Calendar Analysis The week will end with the
On Friday morning, by large, the situation on the USD/JPY currency exchange rate charts had not changed. The pair remained above the support of the weekly and monthly simple pivot points and the three hourly simple moving averages. In theory, the rate should surge. However, the previous attempt to move higher was stopped by the 106.30 level. Economic Calendar The week will
The GBP/USD tested the resistance of the 55-hour SMA and the pivot point at 1.3000 level. These levels eventually caused a sharp decline, which reached the 1.2800 level. On Friday morning, the pair tested the resistance of the monthly S2 and weekly S3 simple pivot points near 1.2835. Economic Calendar The week will end with the publication of the US Consumer Price
The ECB rate announcement and meeting minutes caused a surge of the EUR/UDS to the 1.1920 level. However, the rate began a retracement back down after the event, which even declined below the pre-announcement levels. On Friday morning, the pair had bounced off the support of the 55 and 100-hour SMAs and reached the 200-hour SMA, which appeared to be
The yellow metal trades in sudden sharp moves. The most recent move was a surge, which reached the 1,950.00 level that provided resistance. In theory, the metal could surge as soon as the price is approached by the support of the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Thursday, at 12:30 GMT a group of minor US data sets is
On Thursday, the USD/JPY currency exchange rate found support in the weekly and monthly pivot points just above the 106.00 level. In the near term future, the rate a couple of possible scenarios. Economic Calendar On Thursday, at 12:30 GMT a group of minor US data sets is scheduled to be published. The set will consist of US Producers Price Index, Core
The decline of the GBP/USD bounced off the support of the 1.2900 level. By the middle of Thursday's GMT trading hours, the rate had reached above the 1.3025 level. In the future, the decline was expected to continue, as there was no support as low as 1.2840. Economic Calendar On Thursday, at 12:30 GMT a group of minor US data sets is
On Thursday morning, the EUR/USD traded just below the 1.1840 level. The rate had reached this level in a sharp fundamental surge that was attributed by the financial media to an upcoming monetary squeeze of the European Central Bank. The ECB data was set to be out at 11:45 GMT. All attention was set on it. Economic Calendar Analysis On Thursday, at
The metal's decline did not reach the low level of 1,900.00. Instead, the 1,910.00 mark provided support and caused a retracement back up to the 1,940.00 level. By the middle of Wednesday's GMT trading hours, the price had bounced off the 1,940.00 mark and retreated below 1,925.00. Economic Calendar Analysis On Thursday, at 12:30 GMT a group of minor US data sets is
After finding support in the 105.80 level, the USD/JPY currency exchange rate began a recovery, which tested the resistance of the hourly simple moving averages. Near term future depended on whether the SMAs provide resistance. Economic Calendar On Thursday, at 12:30 GMT a group of minor US data sets is scheduled to be published. The set will consist of US Producers Price
The decline of the GBP/USD reached far lower than it was expected on Tuesday. Namely, on Wednesday morning, the pair was below the 1.2950 mark. In the future, the decline was expected to continue, as there was no support as low as 1.2840. Economic Calendar There are only couple events expected that could affect the GBP/USD rate. On Thursday, at 12:30 GMT a
The EUR/USD fulfilled the forecast of a decline, as the rate dropped to the support of the monthly S1 simple pivot point at 1.7667. Future near term forecasts were based upon what would happen at the pivot point. Economic Calendar Analysis There are couple events that could impact the EUR/USD pair. On Thursday, at 11:45 GMT, the European Central Bank would publish its
During Tuesday's morning trading hours, the yellow metal's price bounced off the resistance of the 55-hour simple moving average and began a decline, which was approaching the 1,900.00 level. Economic Calendar Analysis On Thursday, at 12:30 GMT a group of minor US data sets is scheduled to be published. The set will consist of US Producers Price Index, Core Price Index and