In general, the price for gold found support in the 2,020.00 mark and once again tested the 2,030.00/2,040.00 range. The range held and another decline to 2,020.00 was taking place during the second part of Friday's trading. Economic Calendar Analysis This week, there are no more scheduled events that could impact the price for gold through the value of the US Dollar. XAU/USD
The surge of the USD/JPY remains stuck at the 149.50 level. Meanwhile, support is found at the 149.00 mark, as the weekly R1 simple pivot point is being ignored. In addition, the hourly moving averages continue to move higher. Economic Calendar This week, there are no more scheduled events that could impact the currency pair. USD/JPY hourly chart analysis A move above 149.50 is
On Thursday, the GBP/USD moved below the 1.2590/1.2610 range, but no broader decline occurred, as the weekly S1 simple pivot point acted as support at 1.2571. The pivot point forced the pair back up above the 1.2590/1.2610 range. On Friday, the support range held. During the second half of the day, the rate tested the resistance of the 200-hour simple
The 1.0720/1.0740 support range held. Moreover, it appears that the rate reversed already at the weekly S1 simple pivot point at 1.0744. After finding support, the rate surged and encountered resistance in the 200-hour simple moving average. Economic Calendar Analysis This week, there are no more events scheduled that could impact the rate. EUR/USD hourly chart analysis A move above the 200-hour SMA would
During the last quarter of 2023, there have been no broad moves in the price for a Dukascoin. The asking price has been bouncing around the 1.60 mark, as it has fluctuated between 1.45 and 1.72. In the meantime, the bid price, has been mostly in the 1.30/1.50 range. However, there have been spikes up to levels near 1.60. Asking price chart
The price for hold almost touched the 2,045.00 mark on Wednesday. However, US central bankers made comments that they will not cut interest rates until clear inflation decline occurs. Since inflation recently returned, it is clear that a rate decrease won't come soon. Due to this reason, the USD surged in value and price for gold dropped. By mid-Thursday, the
The USD/JPY retraced on Tuesday down to the support of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 147.60. The pair fluctuated above these levels, as it was kept down by the 50-hour simple moving average. However, recently the US Fed officials stated that they do not want any rate cuts, unless inflation clearly
Since Tuesday, the rate has moved back above the 1.2590/1.2610 range. However, the pair has not properly tested the combined resistance of the 1.2650 and 200-hour simple moving average. Instead, comments made by US central bankers have moved the rate down. On mid-Thursday, the rate was testing the support of the 1.2590/1.2610 range and the 50 and 100-hour simple moving
Since encountering support at 1.0720/1.0740, the EUR/USD rate slightly recovered. However, the recovery did not manage to reach the 1.0800 mark, as on Thursday the rate declined and was heading back to the support range. The decline was attributed to recent comments by US central bankers that they want inflation to got down, before considering rate cuts. Economic Calendar Analysis This week,
The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance. The events caused a drop of
The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance. On the GBP/USD charts the US
The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance. The events resulted in the rate
The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance. The EUR/USD has declined to the
The United States Federal Reserve has just published its Federal Funds Rate. As expected, the central bank has kept its base rate unchanged at 5.50%. The no change was expected. Afterwards, the markets were looking forward to the follow up press conference of the Chairman of the Federal Reserve Jerome Powell. In general, the head of the central bank stated that
The United States Federal Reserve has just published its Federal Funds Rate. As expected, the central bank has kept its base rate unchanged at 5.50%. The no change was expected. Afterwards, the markets were looking forward to the follow up press conference of the Chairman of the Federal Reserve Jerome Powell. In general, the head of the central bank stated that
Both the US Federal Reserve and the Bank of England have kept interest rates unchanged. However, for some reason the GBP/USD dropped on the US announcement and then sharply recovered on the UK announcement. The rates were expected to remain unchanged and supposedly the news were priced in. Due to this reason the reason for the fluctuations are unclear. The GBP/USD
The United States Federal Reserve has just published its Federal Funds Rate. As expected, the central bank has kept its base rate unchanged at 5.50%. The no change was expected. Afterwards, the markets were looking forward to the follow up press conference of the Chairman of the Federal Reserve Jerome Powell. In general, the head of the central bank stated that
The price for gold found support in the 50, 100 and 200-hour simple moving averages and returned to test the 2,035.00/2,040.00 range. At mid-Tuesday, the price passed above the range. The surge was heading to the 2,050.00 mark, where a pause could take place, before the publication of the US Federal Funds Rate. Economic Calendar Analysis On Wednesday, the top event of
The pair was expected to surge during later Monday's trading hours, as the US Treasury increased its debt by issuing new bonds. Namely, more USD was pumped into the global market from thin air. The event forced the USD/JPY to pass below the lower trend line of the ascending wedge, the 50, 100 and 200-hour simple moving averages and the
The GBP/USD has continued to be drawn to the 1.2700 mark as a magnet. It has been bouncing around this level since mid-December. Most recently, it was observed that potential surges or drops of the rate are stopped near round exchange rate levels. This week, the rate has been bouncing between the 1.2660 and 1.2720 levels, as it is waiting. The
Prior to the release of the US Federal Reserve Rate announcement, the EUR/USD dropped and found support in the combination of the 1.0800 level and the weekly S1 simple pivot point at 1.0798. The event was followed by a surge that eventually broke the 1.0820/1.0830 range, the 50-hour simple moving average and the resistance line that has pushed the rate
The price for gold bounced off the resistance range at 2,035.00/2,040.00 and declined to the combined support of the 50, 100 and 200-hour simple moving averages near 2,020.00. Economic Calendar Analysis This week, the financial markets could be moved by fundamental data releases starting from Tuesday. On that day, the JOLTS Job Openings data could impact the value of the US Dollar. On
The USD/JPY has found support in the 146.65/147.10 range and started a surge. The surge is occurring in an ascending wedge pattern. The surge is being supported by the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point, as they have turned into support on Monday. Economic Calendar This week, the financial markets could be moved by fundamental
The GBP/USD has continued to be drawn to the 1.2700 mark as a magnet. It has been bouncing around this level since mid-December. Most recently, it was observed that potential surges or drops of the rate are stopped near round exchange rate levels. Economic Calendar This week, the financial markets could be moved by fundamental data releases starting from Tuesday. On that