At the start of the week, the GBP/USD plummeted due to the release of the UK's fiscal budget plan. The pair has reached low levels that have not been seen since 1985. Moreover, the pair shortly traded below the 1985 low level. Namely, the GBP/USD has not been this low for more than half a century. Economic Calendar This week, there are
At the start of this week's trading, the global strengthening of the US Dollar continued, as the EUR/USD reached the 0.9550 level. In the meantime, it was noticed that the pair was respecting the resistance of the 0.9700 mark. Economic Calendar Analysis This week, there are two times to look at the economic event calendar. On Tuesday, at 14:00 GMT, the CB
In general, the Bank of Japan has intervened in the forex market by pumping up the Yen massively. This has resulted in a drop of the US Dollar index, which in turn caused a surge of the price for gold. Meanwhile, from a broader perspective the price remained in the previous sideways trading range between 1,655.00/1,660.00 and 1,677.60/1,680.25 even during the
The USD/JPY currency pair was surging in the aftermath of the US rate hike on Thursday morning. However, at the time of the analysis the pair suddenly plummeted from 145.90 down to the low levels below 142.50 in less than 20 minutes. It has been reported that for the first time since 1998, the Bank of Japan has intervened in
Initially the Federal Reserve Rate hike and press conference caused major volatility, but the resistance of the 1.1350 held. Afterwards, a decline occurred, which reached below 1.1250. However, during the early hours of Thursday's European trading, the currency pair began a recovery and approached the 1.1300 level. Economic Calendar On Thursday, all GBP pairs will adjust to the new UK monetary policy,
The EUR/USD was highly volatile during the release of the Federal Reserve rate and follow up press conference. The high volatility ended with the pair declining. At midnight to Thursday, the pair reached the 0.9808 level. During the morning hours, the pair was expected to look for support in the 0.9800 mark and the weekly S2 simple pivot point. Economic Calendar
The price for gold is still trading between support at 1,655.00/1,660.00 and resistance at 1,677.60/1,680.25. The commodity price has been in this range since September 16, as it awaits for the US Federal Reserve Rate hike at 18:00 GMT on September 21 to reveal the future direction of the US Dollar and the price. Economic Calendar Analysis This week, the top event
Prior to the FOMC Rate Statement and Monetary Policy Statement, the USD/JPY currency pair reacted to a broader USD surge. On the pair's charts it resulted in a move above the 144.00 mark. Economic Calendar This week, the top event of them all is scheduled for Wednesday. At 18:00 GMT, the US Federal Reserve is set to announce its Federal Funds Rate
At 18:00 GMT, the US Fed will hike interest rates. Depending on the size of the hike, the USD will either surge or decline. The GBP/USD is set to adjust accordingly. Prior to the meeting though, the currency exchange rate passed below the support of the 1.1350 level and confirmed it as resistance. Economic Calendar This week, the top event of them
The EUR/USD has reached a new low level. The reason for the decline is simple. At 18:00 GMT, the US Federal Reserve will boost demand for the Dollar by increasing USD base interest rate. The question before the event is what size would the hike be, as recent 0.75% hikes have failed to stop inflation growth in the US.Meanwhile, Dukascopy
The price for gold is apparently waiting for the US Federal Reserve Rate hike, which is scheduled for Wednesday's 18:00 GMT. Namely, the metal has been trading between the resistance of the 1,680.00 level and the support of 1,655.00/1,660.00 since Friday. On Tuesday morning, the pair had once again bounced off the resistance of the 1,680.00 level. Economic Calendar Analysis This week,
The USD/JPY has bounced off the resistance zone at 143.65/143.80 and declined to the support at 143.00. Meanwhile, the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point have had no impact on the rate. In general, previously described scenarios have remained relevant. Economic Calendar This week, the top event of them all is scheduled for Wednesday. At
With the start of Tuesday's GMT trading hours, the GBP/USD pierced the resistance zone at 1.1440/1.1450. However, a surge did not follow, as resistance was found in the 100-hour simple moving average. Meanwhile, the rate was observed to be finding support in the 50-hour simple moving average. Economic Calendar This week, the top event of them all is scheduled for Wednesday. At
On Tuesday morning, the EUR/USD currency exchange rate's recovery reached the 1.0050 mark, which acted as resistance. Meanwhile, the pair did not touch the resistance of the weekly simple pivot point. Economic Calendar Analysis This week, the top event of them all is scheduled for Wednesday. At 18:00 GMT, the US Federal Reserve is set to announce its Federal Funds Rate and
In the aftermath of the US CPI release, the price for Gold plummeted and reached the 1,655.00 level, which acted as support. Afterwards, a recovery to the resistance of the 1,680.00 level followed. On Monday, the price traded near the support of the 1,660.00 level and the resistance of the 50-hour simple moving average near 1,667.00. Economic Calendar Analysis This week, the
In the aftermath of the US CPI release, the USD/JPY bounced off the resistance of the 145.00 level and declined. Since September 14, the rate has been trading around the 143.00 level. Resistance is provided by the 143.65/143.80 zone and support is found at 142.55/142.65. Economic Calendar This week, the top event of them all is scheduled for Wednesday. At 18:00 GMT,
Last week, the GBP/USD was testing the resistance zone at 1.1715/1.1760, as the US consumer price index data revealed that the US Federal Reserve is highly likely to be more hawkish on their policy and increase the value of the USD. By Monday, September 19, the rate had reached and was finding support in the 1.1350 level. Meanwhile, 1.1450 level
Since the EUR/USD reacted to the US Consumer Price Index release, the pair has been fluctuating around the 1.0000 mark. Support is being provided by the 0.9950 level and resistance is found at 1.0015 and 1.0030. Economic Calendar Analysis This week, the top event of them all is scheduled for Wednesday. At 18:00 GMT, the US Federal Reserve is set to announce
The price for gold remains in the range near the 1,720.00 level. On Monday morning, the pair bounced off the support of the 100 and 200-hour simple moving averages and started a surge. Prior to the event, the commodity price broke the support of the ascending channel pattern, which guided the last week's recovery. Economic Calendar Analysis On Tuesday, the US Consumer
This week, the USD/JPY remained above the 140.00 mark, as support was found at 141.50. By the start of Monday's European trading hours, the pair had touched the 143.50 level. Economic Calendar On Tuesday, the US Consumer Price Index and Core Price Index are set to impact the markets through the US Dollar's value adjusting to US rate hike expectations. Namely, too
The recovery of the Pound of the US Dollar continues. On Monday, the pair reached the 1.1700 level and the weekly R1 simple pivot point. Economic Calendar On Tuesday, the US Consumer Price Index and Core Price Index are set to impact the markets through the US Dollar's value adjusting to US rate hike expectations. Namely, too high inflation is set to
The EUR/USD has continued to surge, as the markets still take in information that the ECB is set to reduce the supply of the Euro more than expected. In addition, on Monday morning the US Dollar plummeted against all other assets, which boosted the pair's rally. Economic Calendar Analysis On Tuesday, the US Consumer Price Index and Core Price Index are set
The price for gold has been highly volatile, as it plummeted at mid-day on Thursday due to the ECB rate hike. However, the price found support in the 1,705.00 level and started a recovery. By the middle of Friday's European trading hours, the commodity price had reached the 1,730.00 level. Economic Calendar Analysis On Tuesday, the US Consumer Price Index and Core
The retracement back down by the USD/JPY rate was reaching the 142.00 level on Friday morning. The pair had been declining since encountering resistance in the 145.00 mark. Economic Calendar On Tuesday, the US Consumer Price Index and Core Price Index are set to impact the markets through the US Dollar's value adjusting to US rate hike expectations. Namely, too high inflation