The USD/JPY currency exchange rate began the week with a sharp surge, which confirmed the borders of a wide channel up pattern. Afterwards, a decline started, which reached the hourly simple moving averages. In the meantime, the rate was supported by the weekly simple pivot point at 107.05. Economic Calendar There are only couple data releases expected, which could move the USD/JPY
On Monday, GBP/USD jumped. Namely, the currency exchange rate found support in 1.2520 and surged by one percent up to the 1.2646 level, where it met with the resistance of a 61.80% Fibo. In addition, during the surge the rate broke the resistance of a channel down pattern. Economic Calendar There are only couple of events that could affect the GBP/USD rate. On
On Monday, the EUR/USD started the week by breaking the resistance of a 50.00% Fibonacci retracement level. However, after passing the resistance, the rate experienced a sharp drop and retreated to the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the UK Retail Sales data
The XAU/USD exchange rate re-tested the psychological level at 1,796.00. From a theoretical point if view, it is likely that the rate could trade downwards within the given trend. Economic Calendar Analysis Next week, there are only couple of events expected that could impact the XAU/USD rate. On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the
Yesterday, the USD/JPY currency pair reversed south from the 107.40 level. It is likely that the pair could gain support from the 55- and 100-hour SMAs, as well the weekly PP in the 107.10 area. Economic Calendar Next week, there are only couple data releases expected, which could move the USD/JPY pair. On Thursday, the US Unemployment Claims data is set to
The GBP/USD exchange rate jumped to 1.2620 level, however, failed to exceed it. Given that the rate is pressured by the moving averages, it is likely that some downside potential could prevail in the market. Economic Calendar Next week is going to be relatively calm, as there are only couple of events that could affect the GBP/USD rate. On Thursday, the US
The EUR/USD currency pair has gained support from the 100-hour moving average near 1.1390. Meanwhile, note that the pair could face the resistance of the weekly R2 at 1.1432. Economic Calendar Analysis Next week is expected to be relatively calm. On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the UK Retail Sales data will
The XAU/USD exchange rate resumed to trade within the short-term descending channel. From a theoretical point if view, it is likely that the rate could trade downwards within the given trend. Economic Calendar Analysis On Thursday, there will be the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. For more information read the weekly event review article by clicking on
Yesterday, the USD/JPY currency pair tumbled to the psychological level at 106.70. From a theoretical perspective, it is likely that the pair could continue to trade downwards within a newly revealed falling wedge pattern. Economic Calendar On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. Take a look at all of the historical reaction tables by
The GBP/USD exchange rate revealed a short-term descending channel. From a theoretical point of view, it is likely that some downside potential could prevail in the market. Economic Calendar On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. The week will end with the UK Retail Sales release at 08:30 GMT. Detailed data with moves in
During Thursday morning hours, the EUR/USD currency pair resumed to trade within the short-term ascending channel. From a theoretical perspective, it is likely that some downside potential could prevail. Economic Calendar Analysis On Thursday, the European Central Bank will make a rate statement and publish a monetary policy statement at 11:45 GMT. This event will be followed by the publication of
The XAU/USD exchange rate continued to decline within the short-term descending channel. From a theoretical point if view, it is likely that the rate could trade downwards within the given channel. Economic Calendar Analysis On Thursday, there will be the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. For more information read the weekly event review article by clicking on
During Wednesday morning hours, the USD/JPY currency pair dropped below 107.00. It is likely that the pair could gain support from the Fibo 38.20% at 106.86 and reverse north in the short run. Economic Calendar On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. Take a look at all of the historical reaction tables by clicking on
Yesterday, the GBP/USD exchange rate reversed north from the support formed by the weekly S1 and the monthly PP in the 1.2500 area. During Wednesday morning, the rate was trading at 1.2600. Economic Calendar On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. The week will end with the UK Retail Sales release at 08:30 GMT. Detailed
During Wednesday morning hours, the EUR/USD currency pair broke the upper line of the short-term ascending channel. Note that the pair could face the resistance level – the Fibo 50.00%, and reverse south. Economic Calendar Analysis On Thursday, the European Central Bank will make a rate statement and publish a monetary policy statement at 11:45 GMT. This event will be followed by
The XAU/USD exchange rate revealed a short-term descending channel. From a theoretical point of view, it is likely that the rate could trade downwards within the given channel. Economic Calendar Analysis This week, data releases are scheduled to start on Tuesday. The US CPI data sets have not caused notable moves. Normal volatility remains intact during the announcement. On Thursday, there will be the
The USD/JPY currency pair raised to the resistance level formed by the 200-hour SMA near 107.30. During Tuesday morning, the pair was testing the given resistance. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal volatility remains intact during the release. On Thursday, the publication of the
The GBP/USD exchange rate tumbled below the 1.2540 level. It is unlikely that some downside potential could prevail, as the rate could gain support from the weekly S1 and the monthly PP near 1.2500. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the UK GDP and the US CPI data sets have not caused notable moves. Normal
On Monday, the EUR/USD currency pair tested the weekly R1 at 1.1366. During Monday morning, the pair was testing the support formed by the 55- and 100-hour SMAs, as well the weekly PP near 1.1305. Economic Calendar Analysis This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal volatility
The XAU/USD exchange rate failed to surpass the psychological level at 1,810.00. During Monday morning, the rate resumed to test the given level. Economic Calendar Analysis This week, data releases are scheduled to start on Tuesday. The US CPI data sets have not caused notable moves. Normal volatility remains intact during the announcement. On Thursday, there will be the publication of the US Retail
The USD/JPY currency pair pierced the Fibo 38.20% at 106.86, however, failed to decline below 106.50. During Monday morning, the pair was testing the resistance provided by the 55-hour SMA and the weekly PP in the 107.10 area. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal
The GBP/USD exchange rate failed to exceed the psychological level at 1.2660. On Monday morning, the rate was testing the support formed by the 100-hour SMA and the weekly PP at 1.2590. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the UK GDP and the US CPI data sets have not caused notable moves. Normal
On Friday, the EUR/USD currency pair reversed north from the monthly PP at 1.1253. During Monday morning, the pair was testing the support formed by the 55- and 100-hour SMAs, as well the weekly PP near 1.1305. Economic Calendar Analysis This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal
The yellow metal failed to pass the resistance of the 1,815.00 level on Thursday. The commodity price retreated and on Friday found support in the 100-hour simple moving average at 1,795.90. This event resulted in a surge, which was set to result in another test of the mentioned 1,815.00 resistance level. Economic Calendar Analysis On Friday, the US Producer Price Index and US