The EUR/USD has surged above the 1.1000 mark. On Monday, the pair traded in the 1.1005/1.1045 range. It was observed to be ignoring the 50 and 100-hour simple moving averages, the weekly simple pivot point at 1.1035 and the support and resistance range at 1.1020/1.1040. Economic Calendar Analysis This week, the rate could be impacted by the publication of the US
The Federal Reserve hiked just 0.25% that were expected. Moreover, follow up comments by the head of the Federal Reserve have been perceived by the markets as dovish for the USD. Namely, the US Dollar's value and demand for it will not grow due to monetary tightening, as the Fed remains indecisive and "data dependant." The weakness of the US Dollar
The Federal Reserve hiked just 0.25% that were expected. Moreover, follow up comments by the head of the Federal Reserve have been perceived by the markets as dovish for the USD. Namely, the US Dollar's value and demand for it will not grow due to monetary tightening, as the Fed remains indecisive and "data dependant." The decline of USD boosted gold's
The Federal Reserve hiked just 0.25% that were expected. Moreover, follow up comments by the head of the Federal Reserve have been perceived by the markets as dovish for the USD. Namely, the US Dollar's value and demand for it will not grow due to monetary tightening, as the Fed remains indecisive and "data dependant." The GBP/USD reacted to the weakness
The Federal Reserve hiked just 0.25% that were expected. Moreover, follow up comments by the head of the Federal Reserve have been perceived by the markets as dovish for the USD. Namely, the US Dollar's value and demand for it will not grow due to monetary tightening, as the Fed remains indecisive and "data dependant." In the aftermath of the event,
Today, all attention will be on the US Federal Reserve Rate announcement at 18:00 GMT. The event is going to set the base rate on the USD. A hike is expected to increase the USD demand and value, but no hike would decrease it. Prior to the event, the price for gold extended the recovery that had started after finding support
Today, all attention will be on the US Federal Reserve Rate announcement at 18:00 GMT. The event is going to set the base rate on the USD. A hike is expected to increase the USD demand and value, but no hike would decrease it. Prior to the event, the USD/JPY declined below the 141.00 and 140.50 levels. It appeared that it
Today, all attention will be on the US Federal Reserve Rate announcement at 18:00 GMT. The event is going to set the base rate on the USD. A hike is expected to increase the USD demand and value, but no hike would decrease it. Prior to the event, the GBP/USD retraced back up above 1.2900 and broke resistance levels. It could
Today, all attention will be on the US Federal Reserve Rate announcement at 18:00 GMT. The event is going to set the base rate on the USD. A hike is expected to increase the USD demand and value, but no hike would decrease it. Prior to the event, the EUR/USD retraced back up and broke two resistance levels. It could
The price for an ounce of gold has passed below the support zone at 1,957.25/1,964.20. However, it was observed that the 1,955.00 mark acted as support. Meanwhile, on Tuesday, resistance was encountered in the 1,965.00 level and the 200-hour simple moving average. Economic Calendar Analysis This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT
The USD/JPY broke the ascending channel by remaining almost flat. The rate declined and found support in the combination of the 50-hour simple moving average and the 141.00 mark. Economic Calendar This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is expected to increase base interest rate by 0.25%. On
The GBP/USD has found support in the 1.2800 mark, which caused a move above the resistance and support zone near 1.2850. However, by mid-Tuesday, the rate was back below 1.2850. In general, previous levels are still relevant. Economic Calendar This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is
By mid-Tuesday's European trading hours, the EUR/USD had declined to the 1.1040 level, as it passed the weekly S1 simple pivot point at 1.1063. Economic Calendar Analysis This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is expected to increase base interest rate by 0.25%. On Thursday, the European Central
The price for gold has revealed resistance and support zones. Support is found at 1,957.25/1,964.20. Resistance is encountered at 1,984.20/1,987.70. Meanwhile, the price appears to be respecting the 50 and 100-hour simple moving averages. Economic Calendar Analysis This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is expected to
It has been spotted that the recovery of the US Dollar against the Yen has occurred in a channel up pattern since July 18. Meanwhile, the rate is being supported by the ascending 50-hour simple moving average. Economic Calendar This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is
The GBP/USD has passed below the support and resistance zone near 1.2850. The range could soon be confirmed as resistance and a decline of the Pound against the US Dollar might continue. Economic Calendar This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is expected to increase base interest
The EUR/USD bounced off the 1.1240/1.1275 range and started a decline. By July 24, the rate had reached below the 1.1100 mark. Economic Calendar Analysis This week, all attention will be on the expected US Federal Reserve Rate hike at 18:00 GMT on Wednesday. The Federal Reserve is expected to increase base interest rate by 0.25%. On Thursday, the European Central Bank is
The price for gold has been spotted to have moved in a descending channel pattern since the start of June. Meanwhile round price levels continue to impact the metal's movements. Economic Calendar Analysis On July 7, at 12:30 GMT, the US Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate will be released by the Bureau of Labor Statistics. On July 12, watch
The USD/JPY decline continues. On July 7, the pair passed below the 143.00 level, signalling that the decline of the US Dollar is set to continue. The rate was expected to soon reach the support zone at 142.70/142.80. Economic Calendar On July 7, at 12:30 GMT, the US Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate will be released by the
The GBP/USD currency pair has revealed that in the first part of July it has been surging in a channel up pattern. Meanwhile, it has been observed that the 50, 100 and 200-hour simple moving averages are quite often managing to impact the rate's direction. Economic Calendar On July 7, at 12:30 GMT, the US Average Hourly Earnings, Non-Farm Employment Change and
The 1.0835/1.0840 range has continued to act as support. Meanwhile, the currency exchange rate has respected the combined resistance of the 1.0900 mark and the 200-hour simple moving average.On the daily candle chart, additional resistance and support are forcing the pair into sideways trading. In theory, a break out should occur. Economic Calendar Analysis On July 7, at 12:30 GMT, the US
Despite breaking the 1,930.00/1,932.25 resistance and touching the 1,935.00 mark, the price for gold has declined. On Thursday, the commodity was testing the resistance of the 1,920.00/1,922.70 range. Meanwhile, the 1,915.00 was observed acting as support. Economic Calendar Analysis On Thursday, watch out for the ADP Non-Farm Employment Change at 12:15 GMT, the US Unemployment Claims at 12:30 GMT and the ISM
The support of the 200-hour SMA passed above the 144.00 mark, which weakened its hold. On Thursday morning, the 200-hour SMA at 144.20, the weekly simple pivot point at 144.08 and the 144.00 level all failed. The rate dipped below these levels, before retracing back up to confirm them as resistance. Economic Calendar On Thursday, watch out for the ADP Non-Farm Employment
By large, the GBP/USD has been ignoring the resistance zone at 1.2718/1.2727. It no longer manages to impact the rate. Meanwhile, it has been spotted that the pair continues to find support in the 200-hour simple moving averages near 1.2690. Economic Calendar On Thursday, watch out for the ADP Non-Farm Employment Change at 12:15 GMT, the US Unemployment Claims at 12:30 GMT