After the initial surge, on Monday the price for gold fluctuated between the 2,010.00 and 2,015.00 levels. On Tuesday, the price firmly fluctuated around the 2,015.00 mark. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Preliminary quarterly GDP is expected to impact the financial markets through the value of the US Dollar. On Thursday, the publication of the US Core
The USD/JPY currency pair has passed below the support of the 50, 100 and 200-hour simple moving averages, and the combination of the weekly simple pivot point at 148.84 and the support range at 148.55/148.75. On Tuesday morning, the pair found support in the 148.00 mark and confirmed the 148.55/148.75 range as resistance. Economic Calendar On Wednesday, at 13:30 GMT, the US
The GBP/USD currency exchange rate has continued to benefit from the broader weakness of the US Dollar. Most recently, the pair managed to reach above the 1.2600 mark. On Monday the 1.2600 mark was confirmed as support. On Tuesday, the rate was approached by the additional support of the 50-hour simple moving average. Economic Calendar On Wednesday, at 13:30 GMT, the US
On Monday, the EUR/USD currency exchange rate approached the November high level zone at 1.0950/1.0965. By mid-Tuesday, situation had not changed, the rate remained below this level and was testing its resistance. Economic Calendar Analysis This week, the EUR/USD could react to the publication of the German and Spanish Consumer Price Indices on Wednesday morning. On Wednesday, at 13:30 GMT, the US
The support of the 100-hour simple moving average held on and eventually forced the price for gold to surge. The surge managed to finally break the resistance of the 2,005.00 level. During the first half of Monday's trading the surge struggled to reach above the 2,015.00 level that has turned out to be resistance. Economic Calendar Analysis On Wednesday, at 13:30 GMT,
The USD/JPY has continued to try and move above the 149.65/149.75 range. On Monday, the pair once again failed. However, this time the failure resulted in a decline. The rate move to the 148.55/148.75 range, which provided support. By mid-Monday, the pair had started a recovery that was approaching the 149.50 level and the 50 and 200-hour simple moving averages. Economic
The GBP/USD currency exchange rate has continued to benefit from the broader weakness of the US Dollar. Most recently, the pair managed to reach above the 1.2600 mark. Economic Calendar On Wednesday, at 13:30 GMT, the US Preliminary quarterly GDP is expected to impact the financial markets through the value of the US Dollar. On Thursday, the publication of the US Core
The EUR/USD currency exchange rate has approached the November high level zone at 1.0950/1.0965. Economic Calendar Analysis This week, the EUR/USD could react to the publication of the German and Spanish Consumer Price Indices on Wednesday morning. On Wednesday, at 13:30 GMT, the US Preliminary quarterly GDP is expected to impact the financial markets through the value of the US Dollar. On
Since mid-Tuesday, the price for gold has been kept up by the 100-hour simple moving average. Moreover, support was found in the 1,990.00 mark. As the price fluctuated sideways, it is set to reach the lower trend line of the channel up pattern. Economic Calendar Analysis Next week, the EUR/USD could react to the publication of the German and Spanish Consumer Price
In general, the USD/JPY still remains near 149.50. However, the pair has been reached by the 50 and 200-hour simple moving average. In general, the rate is squeezed in, which indicates taht a sharp move up or down is set to follow. Economic Calendar Next week, the EUR/USD could react to the publication of the German and Spanish Consumer Price Indices on
After the UK PMI caused jump, the GBP/USD consolidated and traded near 1.2530. However, on Friday morning, the pair started to surge, as by mid-day the weekly R1 to simple pivot point's resistance was being tested at 1.2575. Economic Calendar Next week, the EUR/USD could react to the publication of the German and Spanish Consumer Price Indices on Wednesday morning. On Wednesday,
Due to the US holidays the markets are closed in the United States, which has reduced volatility. In general, it has resulted in the EUR/USD remaining near the 1.0900 mark. Economic Calendar Analysis Next week, the EUR/USD could react to the publication of the German and Spanish Consumer Price Indices on Wednesday morning. On Wednesday, at 13:30 GMT, the US Preliminary quarterly
Gold has retraced back down and found support in the 100-hour simple moving average near the 1,986.00 level. During the first part of Thursday's trading, it was spotted that the price remained below 2,000.00. The metal appeared to be needing additional support to push higher. The support could be provided by the 100-hour SMA moving higher. Economic Calendar Analysis Next week, the
The USD/JPY booked a new high, before consolidating its gains by a minor retracement back down. Most recently, the pair retraced to the 149.00 mark and confirmed it as support. In general, prior forecasts remain unchanged.Meanwhile, traders had held on to their long positions, as 70% of open position volume was bullish. Economic Calendar Next week, the EUR/USD could react to the
The GBP/USD eventually ended sideways trading and declined. Meanwhile, 66% of Dukascopy traders were shorting the pair and had close by stop losses.However, the sharp decline quickly found support in the 1.2450 level and a recovery started. Since 68% of pending orders in the 100-pip range were to buy, it is assumed that most traders took profits or were stopped
The decline of the Euro against the US Dollar eventually encountered support in the form of the 1.0850 level. In addition, it is assumed that some pressure came from the approaching 200-hour simple moving average. The event was followed by a recovery up and above the 1.0900 mark. Economic Calendar Analysis Next week, the EUR/USD could react to the publication of the
Gold has broken the resistance zone that is located at the 1,995.00 level. However, the follow up surge appears to have been stopped by the upper trend line of the recently charted channel up pattern. The trend line caused a decline that has found support in the 1,995.00 mark. Economic Calendar Analysis On Friday, take into account that the release of the
The USD/JPY has revealed a support zone at 147.15/147.35. The range has been strong enough to cause a recovery. Bu mid-Wednesday, the rate had reached above 149.00.Dukascopy Bank SA open position statistics show that traders were expecting the move. On Tuesday, 71% positions were long and 91% of orders were to buy. Some have already taken profit, some expect more
The currency exchange rate has remained below the resistance of the 1.2550 mark. Meanwhile, on Wednesday the pair appeared to have confirmed the 1.2505/1.2510 range as support.Meanwhile, traders have continued to open short positions throughout the week. However, it has been spotted that they have large amounts of buy orders close by, which could be stop losses or buy to
The reaction to the release of the Federal Reserve Meeting Minutes was minor. Meanwhile, the pair confirmed the 1.0950/1.0965 range as resistance. By mid-Wednesday, the rate had reached the 1.0900 mark and the 100-hour simple moving average, which appeared to be failing to act as support.Meanwhile, it was spotted that since Tuesday Dukascopy traders have been short and are taking
The price for gold has been recovering since the US revealed lower than expected inflation that in turn weakened the US Dollar's value. Recently, the price has approached levels close to the 2,000.00 mark. On Monday, the commodity price was trading around the 1,980.00 level. By mid-Tuesday, it made an attempt to surge and reached 1,995.00. Economic Calendar Analysis This week, the
The USD/JPY has moved even lower, as the rate has reached below 147.50. The round level appears to be acting as an attracting magnet not a support or resistance. Meanwhile, sentiment has turned massively bullish on the USD/JPY. Economic Calendar This week, the financial markets could adjust to the publication of the US Federal Reserve Federal Open Market Committee Meeting Minutes publication
The GBP/USD rate has moved above the resistance of the 1.2505/1.2510 range. However, by mid-Tuesday, the 1.2550 level was observed to have acted as resistance to the currency rate. Economic Calendar This week, the financial markets could adjust to the publication of the US Federal Reserve Federal Open Market Committee Meeting Minutes publication on Tuesday at 19:00 GMT. However, the impact of
The EUR/USD has massively surged due to the US inflation having been revealed to be lower than markets expected. This week, the surge continued, as the pair reached above 1.0900. On Monday, the pair tested the resistance of the 1.0940 level. By mid-Tuesday, the pair was at 1.0960. Economic Calendar Analysis This week, the financial markets could adjust to the publication of