During Monday's trading session, the EUR/USD currency pair surged by 47 pips or 0.39%. The exchange rate breached the 55– and 100– hour simple moving averages on Monday. Economic Calendar Analysis At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused EUR/USD moves from 6.3 to 15.1 pips. Note that in most cases the
The XAU/USD exchange rate fell by 124 pips or 0.66% during Friday's trading session. The decline was stopped by the 100– hour simple moving average on Friday. The previous metal bounced off the lower boundary of an ascending channel pattern during the Asian session on Monday. Economic Calendar Analysis At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published.
The US Dollar rose by 37 pips or 0.34% against the Japanese Yen on Friday. The surge was stopped by the 55– and 100– hour SMAs during Friday's trading session. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused USD/JPY moves from 6.3 to 10.4 pips. Also on Thursday, the
During Friday's trading session, the British Pound declined by 83 pips or 0.58% against the US Dollar. The currency pair breached the 50– and 100– hour SMAs on Friday. The exchange rate was trading near the bottom border of an ascending channel pattern at 1.4154 during the early trading hours on Monday. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary
The Eurozone single currency declined by 77 pips or 0.63% against the US Dollar on Friday. The decline was stopped by the 200– hour simple moving average during Friday's trading session. Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern and could be set for a breakout. Economic Calendar Analysis At 12:30 GMT on Thursday, the
First of all, note that after breaking the resistance of the 1,875.00 level, the yellow metal's price has been ignoring this level. It does not provide support or resistance. In the meantime, since Wednesday, the price has been fluctuating in a symmetrical triangle pattern. In theory, the metal's price should reduce volatility in the borders of the pattern until a break
The 108.80 level did not manage to provide support to the USD/JPY currency exchange rate during Thursday's and Friday's trading hours. On Friday morning, the rate clearly passed below the 108.80 level, as the 108.70 mark was touched. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused USD/JPY moves from
On Friday morning, the GBP/USD currency exchange rate reached the resistance of the 1.4200 level. The 1.4200 mark caused a decline on Wednesday, which reached the 1.4100 level. The near term future forecasts were based upon whether or not the 1.4200 level provides resistance. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event
The EUR/USD managed to surge by passing the 55-hour simple moving average. Support was provided by the 100-hour simple moving average. During the early Friday's European trading hours, the rate had reached the resistance of the 1.2240/1.2245 zone. Note that the 1.2245 level is the February high level, which reversed the pair's recovery and caused a 4.30% decline. Economic Calendar Analysis At
The yellow metal increased volatility on Wednesday and managed to break the resistance of the 1,875.00 level. Although, the rate retraced back down after touching the 1,890.00 mark. On Thursday, the price of the commodity was fluctuating between the 1,865.00 and 1,880.00 levels. Economic Calendar Analysis No more events are able to impact the price of gold during this week. Next week's analysis
Despite the increase of volatility at mid-day on Wednesday, the USD/JPY currency exchange rate traded near previous days levels at mid-day on Thursday. Economic Calendar This week, no more data releases will be able to impact the rate. Expect a new review of next week's events later in the day. Click on the link below to find out more about the data
The decline of the GBP/USD currency exchange rate found support in the combination of the 1.4100 mark, the 200-hour simple moving average and the support zone that is located from 1.4100 to 1.4110. Economic Calendar On Friday, the UK Retail Sales MoM will be released. The pair has moved due to the release from 7.4 to 20.6 since January. Click on the
The previous May high levels did not provide support to the rate on Wednesday. However, just below the high levels, the 100-hour simple moving average provided support. By the middle of Thursday's trading, the EUR/USD had been pushed up by the SMA to the resistance of the 1.2200 mark. The 1.2200 level was being strengthened by the resistance of the
The DUK+/EUR currency exchange rate remains below the sell order wall just below the 3.5100 mark. Namely, there were orders to sell 8,869.80 coins for the asking price of 3.5100 price. Daily Candle Chart Note that SMAs and pivot points are useful in a market that is trending in larger or smaller waves either up or down. In the case of
Since early Tuesday trading hours, the yellow metal's price was testing the resistance of the 1,875.00 level. After three attempts to pass the metal, the metal began a decline. By the middle of Wednesday's trading, the commodity had reached the 1,860.00 level and had passed the 55-hour simple moving average. Economic Calendar Analysis On Wednesday, the price could move due to the FOMC
At mid-day on Wednesday, the USD/JPY currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages at 109.10. Previously, the rate's decline found support in the 108.85 level, which kept the rate from declining throughout most of Tuesday. Economic Calendar The rate could move due to the FOMC Meeting Minutes on Wednesday at 18:00 GMT. The pair
On Wednesday, the GBP/USD currency exchange rate retreated to the support of the previous May high levels at 1.4160/1.4170. In addition, this zone was being strengthened by the 55-hour simple moving average, which was catching up with the rate. Economic Calendar The rate could move due to the FOMC Meeting Minutes at 18:00 GMT. The pair has moved from 5.1 to
On Wednesday morning, the EUR/USD currency exchange rate touched the 1.2245 level. However, the rate began a retracement down in the aftermath. Potential support could be provided by the 1.2200 mark and the weekly R1 simple pivot point at 1.2201. Economic Calendar Analysis The rate could move due to the FOMC Meeting Minutes on Wednesday at 18:00 GMT. The pair has moved
The yellow metal's price has reached above the 1,870.00 level. Note that the surge occurred faster than expected, as the rate even broke the narrow channel up pattern, which had guided the price up since May 13. Economic Calendar Analysis On Wednesday, the price could move due to the FOMC Meeting Minutes at 18:00 GMT. The value of the US Dollar might
On Tuesday morning, the USD/JPY currency exchange rate plummeted, as the rate passed the support of the 109.00 level. Moreover, the pair broke the channel down pattern, which guided the pair down since May 13. Economic Calendar The rate could move due to the FOMC Meeting Minutes on Wednesday at 18:00 GMT. The pair has moved from 3.8 to 7.9 pips
On Tuesday, the GBP/USD passed the resistance zone near 1.4160, the weekly R1 simple pivot point at 1.4181 and the 1.4200 mark. Economic Calendar The UK CPI YoY is set to come out on Wednesday at 06:00 GMT. The GBP/USD currency exchange has moved on the release from 11.4 to 16.1 during the last five months. Later on that day, the rate
On Tuesday morning, the EUR/USD currency exchange rate broke the resistance of the 1.2175/1.2180 zone. It was followed up by an immediate passing of the resistance of the weekly R1 simple pivot point at 1.2201 and the 1.2200 mark. Economic Calendar Analysis The rate could move due to the FOMC Meeting Minutes on Wednesday at 18:00 GMT. The pair has moved from
The yellow metal's price has continued to surge in the channel up pattern. Moreover, it made attempts at passing the resistance line of the pattern. However, on Monday, the metal failed and retreated to the support of the zone near the 1,845.00 level. Economic Calendar Analysis On Wednesday, the price could move due to the FOMC Meeting Minutes at 18:00 GMT. The
Two recent low levels booked by the USD/JPY currency exchange rate have revealed that the lower trend line of the channel down pattern is located at a different level. However, the rate has still continued to respect the upper trend line of the pattern and declined. In the meantime, note that the 55-hour simple moving average has been providing resistance