At mid-day on Tuesday, the resistance of the 1,835.00 level was enough to start a decline of the price for gold. By the middle of Wednesday's trading, the price had reached the 1,810.00 level and was making its second attempt at finding support in it. Economic Calendar Analysis This week, notable events are over. Next week's review is scheduled to be published
Since the start of Monday trading, the USD/JPY has continued to test the resistance of the 129.49/129.80 zone, which marks the May 10 and 11 low levels. Due to that reason, previous forecast scenarios remain unchanged. Economic Calendar This week, notable events are over. Next week's review is scheduled to be published on Monday. Hourly Chart A move above the 129.80 level could
After testing the resistance of the 1.2500 level for almost 24 hours, the GBP/USD failed. The event was caused by the release of the 9.00% year on year inflation being confirmed in the United Kingdom. The event resulted in a sharp decline to the 1.2375 level. During the decline, the currency pair passed below the support zone at 1.2400/1.2424, the weekly
At midnight to Wednesday, the combined resistance of the 1.0550 mark, the weekly R1 simple pivot point at 1.0553 and the 1.0560 level were enough to cause a decline of the EUR/USD currency exchange rate. By the middle of the day, the pair had found support in the combination of the 1.0472/1.0492 zone and the 50 and 200-hour simple moving
The recovery of the price for gold shortly traded above the 1,830.00 mark at mid-day on Tuesday. An ongoing recovery of the commodity had broken the junior channel down pattern's resistance together with two simple moving averages and the 1,810.00/1,817.40 zone. Economic Calendar Analysis This week, notable events are over. Next week's review is scheduled to be published on Monday. XAU/USD short-term forecast
Since the start of Monday trading, the USD/JPY has continued to test the resistance of the 129.49/129.80 zone, which marks the May 10 and 11 low levels. Due to that reason, previous forecast scenarios remain unchanged. Economic Calendar This week, notable events are over. Next week's review is scheduled to be published on Monday. Hourly Chart A move above the 129.80 level could
A broad decline of the US Dollar's value has resulted on the GBP/USD charts in a surge up to the 1.2500 mark. The 1.2500 level appeared to be acting as resistance at mid-day on Tuesday. Economic Calendar On Wednesday, at 06:00 GMT, the UK Consumer Price Index data will reveal how inflation had changed in the UK during April. To see historical move
On Tuesday, the EUR/USD broke the resistance of the April low level zone and the 1.0500 mark. By the middle of the day's trading hours, the pair had reached the 1.0550 level and the weekly R1 simple pivot point at 1.0553. Economic Calendar Analysis This week, notable events are over. Next week's review is scheduled to be published on Monday. EUR/USD hourly chart's
On Monday, the price for gold continued to decline, as the commodity price reached the lower trend line of the channel down pattern, which has guided the metal down since April 18. In addition, it was spotted that the price has been in a smaller scale descending pattern since May 5. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Retail
During the first half of Monday's trading hours, the USD/JPY currency pair made two attempts at passing the resistance zone of the May 10 and 11 low levels at 129.49/129.80. Economic Calendar On Tuesday, at 12:30 GMT, the US Retail Sales and Core Retail Sales data will be published. The data is set to reveal whether the US consumer had continued to
At the start of the week's trading, the GBP/USD currency pair reached above the resistance zone at 1.2250/1.2255 and gradually approached the 1.2300 mark. However, on Monday morning, before reaching the 1.2300 level, the price retraced down to the combined support of the 50-hour simple moving average and the 1.2220 level. Afterwards, up to the middle of the day, the GBP/USD
The EUR/USD started the week by surging above a resistance zone at 1.0415/1.0420 and afterwards confirming it as support. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Retail Sales and Core Retail Sales data will be published. The data is set to reveal whether the US consumer had continued to make purchases in the market. To see historical move tables click
At mid-day on Friday, the price for Gold touched the 1,800.00 level, which acted as support and caused a recovery up to 1,820.00. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Retail Sales and Core Retail Sales data will be published. The data is set to reveal whether the US consumer had continued to make purchases in the market. To see
By late Friday's trading hours, the USD/JPY currency pair had recovered and almost reached the 129.50 mark. Economic Calendar On Tuesday, at 12:30 GMT, the US Retail Sales and Core Retail Sales data will be published. The data is set to reveal whether the US consumer had continued to make purchases in the market. To see historical move tables click on the link
Since the middle of Thursday's trading hours, the GBP/USD had been trading between the support of the 1.2155/1.2165 zone and resistance at 1.2250/1.2255. During late Friday's trading, the pair was testing the resistance zone. Economic Calendar On Tuesday, at 12:30 GMT, the US Retail Sales and Core Retail Sales data will be published. The data is set to reveal whether the US
The decline of the EUR/USD has entered a consolidation. Namely, the pair found support in the 1.0350/1.0355 level and resistance to the sideways trading was provided by the 1.0420 level. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Retail Sales and Core Retail Sales data will be published. The data is set to reveal whether the US consumer had continued
Since the US Consumer Price Index release volatility decreased, the price for gold has been fluctuating between the 1,850.00 and 1,858.50 level. However, by the middle of Thursday's European trading hours, the price slightly declined, as it reached and found support at 1,845.00. Economic Calendar Analysis On Thursday, at 12:30 GMT, US Producer Price Index and Core Producer Price Index data will
In the aftermath of the US Consumer Price Index release, risk off sentiment dominated in the markets, which caused a surge of the value of the Japanese Yen against other currencies. By the middle of Thursday's European trading, on the USD//JPY charts it had resulted in a decline to the 128.50 level. Economic Calendar On Thursday, at 12:30 GMT, US Producer Price
In the aftermath of the US CPI release volatility, the GBP/USD eventually declined. Moreover, on Thursday morning, the UK Preliminary quarterly GDP was revealed to have increased by 0.80% instead of the expected 1.00%. By the middle of the day's European trading hours, the currency rate had reached below the 1.2200 mark and the weekly S1 simple pivot point at 1.2197. Economic
The EUR/USD currency exchange rate eventually declined and on Thursday morning passed below the 1.0500 mark and the support zone at 1.0472/1.0492. By the middle of the day's trading the pair appeared to be heading to the 1.0400 level and the weekly S1 simple pivot point at 1.0397. Economic Calendar Analysis On Thursday, at 12:30 GMT, US Producer Price Index and Core
Already prior to the US Consumer Price Index release on Wednesday at 12:30 GMT, the price for hold broke the descending channel pattern by surging and passing the pattern's upper trend line. Afterwards, the price was testing the resistance of the 1,850.60/1,854.50 zone. During the CPI release, the price plummeted, before recovering and shortly trading above 1,854.50. Economic Calendar Analysis On Thursday,
On Wednesday, the United States Labour Statistics Bureau released the monthly US Consumer Price Index and Core Consumer Price Index data for April. The markets expected the data for clues in regards to the effectiveness of the first US Federal Reserve Rate hike done on March 15. At 12:30 GMT, the CPI and Core CPI came in at 0.3% and 0.6%
At mid-day on Wednesday, the US Consumer Price Index caused a drop of the GBP/USD, which shortly reached below the 1.2300 mark. However, the rate almost immediately recovered to trade back near the 1.2350 level. Economic Calendar On Thursday morning, Pound traders should take into account the publication of the UK Preliminary quarter-on-quarter Gross Domestic Product data publication at 06:00 GMT. Later on,
On Wednesday, the United States Labour Statistics Bureau released the monthly US Consumer Price Index and Core Consumer Price Index data for April. The markets expected the data for clues in regards to the effectiveness of the first US Federal Reserve Rate hike done on March 15. At 12:30 GMT, the CPI and Core CPI came in at 0.3% and