The EUR/USD has found support in the 50-hour simple moving average, which has been strengthening the 1.0350 level. The combination of these levels was enough to start a surge. Economic Calendar Analysis This week, the US Retail Sales data release might impact the financial markets through the value of the US Dollar. The data is scheduled to be published on Wednesday at
The US Federal Reserve caused major USD volatility, which ended with a strengthening of the US Dollar. By the end of the event the price for gold had declined to 1,635.00. Economic Calendar Analysis On Thursday, at 14:00 GMT, the US ISM Services PMI is expected to impact the value of the US Dollar. On Friday, more important data will be published. At
The initial announcement of the US Federal Reserve rate hike caused a decline of the USD/JPY to the late October low level zone at 145.13/145.67, which acted as support. Afterwards, explanations about policy that were given by the head of the US Federal Reserve Jerome Powell, caused a surge of the pair. Economic Calendar On Thursday, the Bank of England is
Despite an initial boost due to the markets seeing something dovish in the US Federal Reserve Rate statement, as the US Federal Reserve Chairman Jerome Powell explained the position of the central bank, the GBP/USD plummeted below 1.1400. Next up, watch the reaction from the Bank of England rate hike. Economic Calendar On Thursday, the Bank of England is scheduled to also hike
Initially, markets saw something bearish to the USD in the Federal Reserve rate hike. The EUR/USD surged and almost reached the 1.0000 mark. However, as the Chairman of the Federal Reserve Jerome Powell hosted the Press Conference, he explained that the Federal Reserve is not about to pivot and stop the monetary tightening policy. This resulted in a drop of
On Friday, the US Dollar strengthened due to the major monetary easing being set to continue in Japan. As the Dollar index gained strength, the price for gold declined. By the middle of the day, the price had reached below 1,650.00. Economic Calendar Analysis During the week, it is all about the US Dollar associated fundamental data, surveys and central bank policy.
Despite the massive depreciation of the Japanese Yen and currency interventions done by the Bank of Japan, the central bank has recently announced that it would stick to its monetary easing policy. The central bank has kept its short term interest rate target at -0.1% and pledged to keep the 10-year bond yield near 0.0%. Moreover, the policymakers stated that
The GBP/USD has passed below the combined support of the lower trend line of a channel up pattern, the 1.1550 level and the 50-hour simple moving average. In the near term future, the pair is expected to find support and resistance in round exchange rate levels. Economic Calendar During the week, it is all about the US Dollar associated fundamental data, surveys
Despite initially holding, the support of the lower trend line of the channel up pattern and the 1.0000 mark failed. By the middle of Friday's trading, the pair had reached below 0.9950. Economic Calendar Analysis During the week, it is all about the US Dollar associated fundamental data, surveys and central bank policy. Only exception is the Bank of England rate decision
In general, the price for gold has been almost flat. On Thursday, the price descended below the 50-hour simple moving average and touched the 1,655.00 level. Economic Calendar Analysis On Friday, the US Core PCE Price Index is scheduled to be published at 12:30 GMT. This inflation measure is watched by the US Federal Reserve when setting their policy. XAU/USD short-term forecast If
The USD/JPY currency pair reached the support of the weekly S1 simple pivot point on Thursday morning at 145.19. Meanwhile, it was spotted that the recent decline of the US Dollar against the Japanese Yen was guided by a trend line, which connects the pair's this week's high levels. Economic Calendar On Friday, the US Core PCE Price Index is scheduled to
In general, the GBP/USD encountered resistance in the weekly R2 simple pivot point at 1.1644. A decline followed, and at mid-day on Thursday, the 1.1550 level provided support and a surge started. At the time of writing, 14:30 GMT, the rate was heading to once again test the weekly R2 at 1.1644 and the 1.1650 level. Economic Calendar On Friday, the US
The reaction to the ECB interest rate hike was a decline of the Euro against other currencies. On the EUR/USD chart it resulted in a piercing of the combined support of the 1.0000 mark, the 50-hour simple moving average and the weekly R2 simple pivot point at 0.9985. However, by 14:00 GMT, the pair was observed to have recovered back
As the US Dollar has been experiencing a decline due to the markets thinking that the Federal Reserve would be less restrictive in their monetary policy, the price for gold has surged. On Wednesday morning, the price touched the 1,675.00 level. Economic Calendar Analysis On Thursday, the Euro will react to the European Central Bank's announcement of the Main Refinancing Rate and
In the aftermath of another intervention, the USD/JPY pair appears to be steadily declining. Namely, this week the US Dollar is experiencing a broad decline due to the markets expecting the US Federal Reserve to change its policy to be less restrictive. Economic Calendar On Thursday, the Euro will react to the European Central Bank's announcement of the Main Refinancing Rate and
The recovery of the Pound against the US Dollar continues on, as on Wednesday morning the rate reached above the 1.1600 mark. Economic Calendar On Thursday, the Euro will react to the European Central Bank's announcement of the Main Refinancing Rate and the follow up press conference. The publication of the rate and monetary policy statement is scheduled for 12:15 GMT. The
Since finding support in the 0.9700 level on Friday, the EUR/USD has been recovering. Most recently, the rate encountered resistance in the 1.0050 level and support was provided by the 1.0000 mark. Economic Calendar Analysis On Thursday, the Euro will react to the European Central Bank's announcement of the Main Refinancing Rate and the follow up press conference. The publication of the
At mid-day on Friday the price for gold suddenly surged and broke the channel down pattern to the upside. By the start of Monday's trading, the 1,670.00 level had been touched. The 1,670.00 acted as resistance and caused a decline. By mid-Monday, the price had almost reached the 50 and 100-hour simple moving averages near 1,640.00. Economic Calendar Analysis On Monday, look
The USD/JPY currency pair was testing the resistance of the 152.00 level, as it once again suddenly plummeted. The USD/JPY suddenly dropped on Friday evening and at the open of Monday's trading, as fundamental news had spread over the weekend. Economic Calendar On Monday, look out for the Markit Services and Manufacturing sector Purchasing managers Indices. The European release is set to
On Monday, the GBP/USD was facing the resistance of the 1.1400 level and the support of the 1.1300 level. Economic Calendar On Monday, look out for the Markit Services and Manufacturing sector Purchasing managers Indices. The European release is set to occur from 07:15 up to 08:00 GMT. The UK data will be out at 08:30 GMT. US results will be published
On Monday morning, the EUR/USD confirmed that the 0.9900 level can act as resistance, as the pair bounced off it. Economic Calendar Analysis On Monday, look out for the Markit Services and Manufacturing sector Purchasing managers Indices. The European release is set to occur from 07:15 up to 08:00 GMT. The UK data will be out at 08:30 GMT. US results will
The price for gold eventually encountered resistance in the combination of the 1,645.00 level, the 100-hour simple moving average and the upper trend line of a channel down pattern. The resistance forced the price into retreating down to the 1,615.00/1,622.00 zone. he support zone appeared to have caused another recovery. Economic Calendar Analysis On Monday, look out for the Markit Services and
The USD/JPY step by step approached the 150.50 level, which was reached and acted as resistance for two hours. Afterwards, the rate surged sharply and easily reached above the 151.00 mark. By the middle of the day's European trading, the rate had reached above 151.30. At the moment of writing, the rate appeared to be unstoppable. Economic Calendar On Monday, look out
As the UK Prime Minister resigned, the Pound initially surged and reached above 1.1300. However, the spike upwards was followed by a decline. By the middle of Friday's trading, the pair had almost reached the 1.1100 mark. Economic Calendar On Monday, look out for the Markit Services and Manufacturing sector Purchasing managers Indices. The European release is set to occur from 07:15