As the FOMC Meeting Minutes strengthened the USD, the yellow metal's price dropped. The decline of the bullion stopped only near the 1,930.00 mark. On Thursday, the pair traded between the 1,930.00 and 1,950.00 levels. It was expected to continue to do so until it would be approached by the hourly simple moving averages. Economic Calendar Analysis On Thursday, the weekly US Unemployment
The surge, which was caused by the FOMC Meeting Minutes was consistent with the technical chart, as the rate bounced off the support of the 105.20 level. Afterwards, the currency exchange rate was stopped by the 200-hour simple moving average at 106.23. Economic Calendar On Thursday, the weekly US Unemployment Claims are set to be published at 12:30 GMT. The event has
Due to the FOMC Meeting Minutes, the GBP/USD dropped and erased previous gains, as the US Dollar strengthened against all other assets. On Thursday, the rate had almost reached the 1.3050 level. Economic Calendar On Thursday, the weekly US Unemployment Claims are set to be published at 12:30 GMT. The event has caused minor moves throughout July. Click on the link below to
The FOMC Meeting Minutes on Wednesday caused a drop of the currency exchange rate. A report in the Fundamental Analysis section about the event is upcoming. The decline of the rate found support in the 1.1830 level. In the near term future, the rate was expected to recover and test resistance levels. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims
The yellow metal's surge bounced off the 2,015.00 level, which resulted in a retracement back down. On Wednesday morning, the price reached the combined support of the 55 and 200-hour simple moving averages and the lower trend line of the channel up pattern just above 1,980.00. Economic Calendar Analysis Despite the t week having high impact events on the calendar, Dukascopy Analytics do
The rate reached the targeted 105.12 level, where the weekly S2 simple pivot point is located at. On Wednesday, the rate retraced back up and found resistance at 105.60. By the middle of Wednesday's GMT trading, it was expected that the rate would be pushed down by the 55-hour SMA into another test of the weekly pivot point's support. Economic Calendar Despite
Not only did the rate reach the 1.3215 level and break it, the pair pierced the 1.3250 level on Wednesday morning. On Wednesday, the 1.3265 level provided resistance, as the pair began to consolidate its gains by trading sideways. Economic Calendar Despite the week having high impact events on the calendar, Dukascopy Analytics do not expect notable macroeconomic data caused moves. First of
The EUR/USD surged on Tuesday and reached the forecast target. Namely, the pair touched the weekly R2 simple pivot point and the upper trend line of the channel up pattern at 1.1960. Since reaching the target, the rate has been consolidating by trading sideways below the 1.1950 level. Economic Calendar Analysis Despite the week having high impact events on the calendar, Dukascopy
The yellow metal has ended its sideways trading near the 1,950.00 level. The commodity price has surged and reached above the 2,000.00 level During Tuesday morning GMT hours, the metal had no resistance as high as the 2,056.09 level, where a monthly pivot point was located at. Economic Calendar Analysis Despite the t week having high impact events on the calendar, Dukascopy Analytics
The USD/JPY continued to decline sharply, as during Tuesday's GMT trading hours, the rate had reached the 105.40 level. Moreover, the most close by technical support level was located at 105.12, which indicates that the decline should continue. Economic Calendar Despite the week having high impact events on the calendar, Dukascopy Analytics do not expect notable macroeconomic data caused moves. First of all,
On Tuesday morning, the GBP/USD currency exchange rate passed the resistance of the weekly R1 simple pivot point at 1.3152. Moreover, afterwards the rate confirmed the technical level as a support. In regards to the future, the rate has no resistance as high as the 1.3215 level, where three levels could provide resistance. However, the 1.3200 mark could slow down
On Tuesday morning, the EUR/USD currency exchange rate reached the 1.1900 level, which was expected to be reached for more than a week. In addition, on Tuesday Dukascopy Analytics revealed an ascending channel pattern, which had been guiding the rate since August 11. Economic Calendar Analysis Despite the week having high impact events on the calendar, Dukascopy Analytics do not expect notable
Throughout August, the DUK+/EUR currency exchange rate has remained flat, as bulls and bears are at a stalemate. Daily Candle Chart On the technical daily candle chart, the daily simple moving averages are approaching one another, as the rate trades flat. Market Depth Market Depth reveals, where traders have set up buy and sell orders. The up to date data is published
On Monday, the yellow metal traded near the 1,950.00 level. In general, the commodity continued to consolidate after the recent high volatility. However, as the rate traded sideways, it passed the resistance of the 55 and 100-hour simple moving averages. Economic Calendar Analysis Despite the t week having high impact events on the calendar, Dukascopy Analytics do not expect notable macroeconomic data caused
On Monday, the USD/JPY pair passed the support of the weekly simple pivot point at 106.46. Next support to reach was the 200-hour SMA. In the meantime, it can be observed on the daily candle chart that the daily simple moving averages had provided resistance at the 107.00 level. Economic Calendar Despite the week having high impact events on the calendar, Dukascopy
Since late Friday trading hours, the GBP/USD has been testing support levels from 1.3080 to 1.3090. In regards to the near term future, the scenarios were based upon what would happen at the technical support cluster. Economic Calendar Despite the week having high impact events on the calendar, Dukascopy Analytics do not expect notable macroeconomic data caused moves. First of all, note that
During early Monday's trading hours, the EUR/USD attempted to pass the resistance near the 1.1860 level. Note that on Monday it was spotted that the 1.1865 mark is providing resistance not the 1.1860. In regards to the near term future, the rate could gain support of the hourly simple moving averages and pass the mentioned resistance level. Economic Calendar Analysis Despite the
Eventually, on Thursday, the commodity price managed to pass the resistance of the 1,950.00 mark and reach the 1,960.00 level. During Friday's trading hours, the price fluctuated between the 1,950.00 and 1,960.00 levels. In addition, the metal could be squeezed in between the support of the 55-hour SMA and the resistance of the 100-hour SMA. Economic Calendar Analysis The week will end with
As expected, the USD/JPY made another attempt to pass the resistance of the 107.00 level. Moreover, it made three attempts during Thursday's trading. All attempts failed. On Friday morning, the currency exchange rate declined and even passed the 55-hour simple moving average, which had been pushing the rate up since August 7. Economic Calendar The week will end with the US Retail
The surge of the GBP/USD reached the 1.3120 level before starting a decline back to the hourly simple moving averages. On Friday, the currency exchange rate was bouncing around between the support of the 55-hour SMA and the 200-hour SMA. Economic Calendar The week will end with the US Retail Sales data release on Friday at 12:30 GMT. Despite the next week having
The 1.1860 level stopped the EUR/USD pair's surge to the 1.1900 level. The rate retreated afterwards to find support in the 1.1800 level. On Friday morning, the rate fluctuated above the support of the 1.1800 mark, which consisted of the 55 and 200-hour SMAs and a weekly simple pivot point. Economic Calendar Analysis The week will end with the US Retail Sales
Since the middle of Wednesday's GMT trading hours, the yellow metal's price has remained below the 1,950.00 mark. In addition, on Thursday, the price remained below the 1,940.00 level, which was strengthened by the 55-hour simple moving average. Economic Calendar Analysis On Thursday, the US Unemployment Claims data might affect the market. The release is scheduled to 12:30 GMT. The week will end with
On Wednesday, the USD/JPY reached the target of the 107.00 mark. The 107.00 provided resistance and caused a retracement back down to the support of the 55-hour simple moving average. As previously, the SMA provided support and caused a surge. By the middle of Thursday's trading, the rate was heading back to the 107.00 level. Economic Calendar On Thursday, the US Unemployment
The recovery of the GBP/USD continues, as the rate was soon expected to reach the 1.3100 level. Moreover, the currency exchange rate had passed a strong resistance cluster from 1.3060 to 1.3080. On Thursday, the rate had no technical resistance as high as the weekly R1 simple pivot point at 1.3166. Economic Calendar On Thursday, the US Unemployment Claims data might affect