On Friday the USD/JPY reached the 111.00 level. The rate plummeted as soon as it reached below the support levels at 111.45. In general, the future forecasts for the pair revolved around the support of the 111.00 level. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided in-depth insights into the economic and financial
On Friday, the GBP/USD was consolidating the previous decline. Besides that, the previous targets were hit early on Thursday. In general, after a period of trading sideways the rate should continue to decline. Meanwhile, note that the US employment data sets might slightly influence the GBP/USD from the USD side. US data on Friday will impact the GBP/USD On Friday, Canada and the
As expected, the ECB announced that the bond buying and money creation done by the central bank will continue. Namely, there will be a lot more Euro in circulation than at the moment. So as there is more of something, it is worth a lot less. To be exact, the EUR/USD dropped by 1.15% due to the confirmation of what the
On Thursday the situation on the yellow metal charts did not change. Gold prices were still trading in the zone near the 1,285.00 level. However, the 100-hour SMA was approaching and would provide resistance to the price that could cause a decline. Economic Calendar Analysis On Thursday, all attention will be on the European Central Bank. The bank will publish its Main Refinancing
On Thursday, the USD/JPY traded sideways, as it was squeezed in between the combined resistance of the 55 and 100-hour simple moving averages at 111.80 and the support of a recently drawn ascending channel pattern. The sideways trading was expected to continue throughout the day, as most market attention was on the Euro and the European Central Bank. Latest Fundamental Event The Federal
The GBP/USD broke a support line on Thursday, signaling that this highly fundamental event affected currency exchange rate is set to decline. Namely, it should first touch the pivot point at 1.3130. If that PP gets passed, the next target will be the weekly S1 at 1.3060. Latest Fundamental Event The Federal Reserve released last Wednesday the US FOMC Meeting Minutes where fed
On Thursday, the EUR/USD traded between the 55 and 100-hour simple moving averages. Due to the fact that after a chart review a new ascending pattern was spotted and the rate had bounced off its support line, it was expected that the pair will test the resistance of the 100-hour SMA at 1.1330. ECB announcement day On Thursday, all attention will be on
On Tuesday, the yellow metal's price could be seen as trading sideways, as it was consolidating the previous decline. Namely, the metal traded between the 1,285.00 and 1,290.00 levels. Economic Calendar Analysis This week is set to be the first one of the month. Due to that reason it is set to have important data releases occurring. The notable data releases that Dukascopy Analytics
After finding support in the 55-hour SMA, the USD/JPY was making another attempt to pass the resistance of the 112.00 level. In general, it was expected that the 112.00 level will give in and the rate will continue to surge by reaching the monthly R1 at 112.35. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed
A new low level has been reached by the GBP/USD currency exchange rate. Namely, on Tuesday morning the rate had reached below the low level of 1.3160. The rate was expected to continue the descent after retracing back up to two technical resistance levels at 1.3205. Latest Fundamental Event The Federal Reserve released last Wednesday the US FOMC Meeting Minutes where fed officials
The support of the weekly S1 at 1.3224 has been reached by EUR/USD. The rate initially bounced off the support level. Although, by the middle of the Tuesday's trading session another attempt to pass the support level. Notable macroeconomic data releases start on Wednesday This week is set to be the first one of the month. Due to that reason it is set
By the second half of Monday's London session the yellow metal's decline had reached the 1,285.00 level. Meanwhile, the metal's price had no technical support as low as the weekly S2 at the 1,276.65 level. Economic Calendar Analysis This week is set to be the first one of the month. Due to that reason it is set to have important data releases occurring. The
The USD/JPY has reached the 112.00 level. This level, as expected, is providing psychological resistance to the currency exchange rate. The rate was expected to trade sideways until an hourly simple moving average approaches from below. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that
The decline of the GBP/USD paused on Monday, as the currency exchange rate traded sideways. Although, the decline was expected to continue in the near future. Latest Fundamental Event The Federal Reserve released last Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates. "Almost all
The EUR/USD has continued to decline. By the middle of Monday's trading it as expected to head for the 1.1325 level. In the meantime, there were arguments that favoured possible sideways trading of the currency exchange rate. Notable macroeconomic data releases start on Wednesday This week is set to be the first one of the month. Due to that reason it is set
Due to the US Dollar gaining value because of fundamentals, the yellow metal's price has plummeted below the long term By the middle of Friday's trading session gold price was below 1,310.00. Moreover, the decline was expected to continue. Economic Calendar Analysis On Friday, the Canadian GDP data will be out at 13:30 GMT. It is most likely set to be the
The USD/JPY has skyrocketed. The pair has reached the 112:00 level by the middle of the day's trading session. The move was caused by the fundamental events globally that have caused a larger than expected surge of the USD and a decline of the JPY. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided
During the first half of Friday's trading session, the GBP/USD was declining. The pair had reached down to the 1.3240 level, where it had stopped at a significant technical level. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their vote on where to
The EUR/USD has passed the support of the ascending pattern. By the middle of Friday's trading session the rate traded between two significant clusters of technical levels. In general, traders will be waiting for break outs out of the range that the pair is squeezed in. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Durable Goods
There are two noteworthy things to highlight in the intro about the yellow metal's price. The decline caused by the passing of the support of the hourly simple moving averages has occurred. It had ended during the early hours of Thursday's trading and a surge began. The surge was caused by a long term support line. In addition, the larger scale
The USD/JPY listens to fundamental announcements. It has been influenced by both US Federal Reserve information and the situation in Kashmir between Pakistan and India. Due to those reason the volatility of the pair has been massively high. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided in-depth insights into the economic and financial
On Thursday, the GBP/USD was consolidating its gains by trading sideways. The sideways trading was expected to end as soon as the 55-hour simple moving average approaches the currency pair from the below. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their
On Thursday morning, after finding support in the lower trend line of the ascending pattern, the EUR/USD began another attempt at surging above 1.1400. That level needs to be watched closely to understand the medium term future of the EUR/USD. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Durable Goods Orders data release last Thursday at
Gold on Wednesday traded almost flat. In general, the last three daily candles looked almost insignificant, compared to the price action last week. However, take a look at the short term analysis part. The hourly chart reveals some new information. Economic Calendar Analysis As it is accustomed, the last week of the month is set to be quiet for fundamental macroeconomic data releases. The