Since the middle of Wednesday's GMT trading hours, the USD/JPY has continued to trade near the 107.50 mark. However, on Friday, the rate decreased volatility, which signalled that the pair could soon make a sharp move. US Unemployment data The Bureau of Labor Statistics released the US ADP Unemployment Rate data, which came out better-than-expected of 11.1% compared with the forecast of
The fundamental surge of the GBP/USD ended at the 1.2525 level. After attempting to pass this level for five hours, the rate began a decline. By the middle of Friday's GMT trading hours, the rate had reached the 1.2450 level. GBP Appreciated 2.20% Since Tuesday, June 30, the British Pound has been appreciating actively against the US Dollar. The GBP/USD currency pair
As better than expected US employment data was released on Thursday, the US Dollar gained value. This resulted in the adjustment of the EUR/USD, which had the form of a decline. Eventually, the decline reached below the support levels that were located from 1.1240 to 1.1250. US Unemployment data The Euro traded sideways against the US Dollar, following the US ADP Employment
After almost touching the 1,790.00 mark, the yellow metal's price dropped down to 1,760.00. With it, the price pierced the channel up pattern. In addition, during the decline the commodity removed its overbought pressure, as it retreated down to the 200-hour simple moving average. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at
After reaching the 107.50 mark on Wednesday, the USD/JPY currency exchange rate began to trade sideways. By the middle of Thursday's trading, the rate had continued to bounce around 107.50. In the near term future, the pair was expected to get squeezed in between hourly simple moving averages. Economic Calendar The main scheduled macroeconomic data release of the week is bound to
The strong technical resistance cluster did not hold on Wednesday. The scenario of a surge occurred and the rate reached the scenario's target of 1.2483. On Thursday, the pair continued its surge, as it passed the 1.2500 exchange rate level. Economic Calendar The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at 12:30 GMT. At that
Despite shortly being pierced, the 1.1200 level held and caused another surge. By mid-day the rate's surge had reached the resistance of the 1.1300 level, which provided resistance. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at 12:30 GMT. At that time the US employment data sets are scheduled to be published. The
On Wednesday morning, the yellow metal reached a new high level, as it almost touched the 1,790.00 mark. By mid-day the commodity price had retreated and looked for support to resume the surge in the 55-hour simple moving average near 1,775.00. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at 12:30 GMT. At
The USD/JPY managed to break the resistance of the monthly R1 at 107.78, on Tuesday. However, the rate reversed its direction at 108.10 and began a decline. By the middle of Wednesday's GMT trading hours, the rate had almost reached the 107.50 level. Economic Calendar The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at
On Wednesday, the GBP/USD reached the upper trend line of the channel down pattern, which has guided it since the start of June. Various technical indicators showed that the rate would bounce off from the trend line and decline back to the 1.2254 level. Economic Calendar The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at
Despite reaching up to the 1.1260 level during Tuesday noon, by the middle of Wednesday's GMT trading hour, the EUR/USD had returned back to the 1.1200 level. The currency exchange rate was expected to once again look for the support of the 38.20% Fibonacci retracement level. However, take into account that it was pierced on Tuesday. Economic Calendar Analysis The main scheduled macroeconomic
At mid-day on Tuesday, the yellow metal's price bounced off the resistance of the pivot point at 1,773.62 and passed the support of two hourly simple moving averages. In theory, the commodity should look for support in the lower trend line of the previously described channel up pattern. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to
Since the middle of Monday's GMT trading, the USD/JPY has been attempting to pass the resistance of the weekly R1 simple pivot point at 107.78. In the near term future, it was expected that the rate would continue to trade sideways or decline, as the most close by technical support level was near the 107.40 mark. Economic Calendar The main scheduled macroeconomic
The GBP/USD declined, as it was forecast on Monday. The decline reached the support of the weekly S1 simple pivot point at 1.2254 and bounced off it. However, by the middle of Tuesday's GMT trading hours the rate was back at the pivot point. Economic Calendar The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at
The EUR/USD did not reach the resistance of the 1.1300 level. It began a decline before reaching the 1.1290 level. By the middle of Tuesday's GMT trading hours, the currency exchange rate had already declined to the 1.1200 level, which provided support last week. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at
Volatility has returned to the DUK+/EUR currency exchange rate. During the last week, the rate fluctuated between 1.5000 and 1.5200. Daily Candle Chart On the technical chart it can be observed that the 200-day simple moving average is moving higher and could allow the rate to slightly surge. In the meantime, the 55 and 100-day SMAs were providing support at the
The metal's squeeze between the hourly simple moving averages ended with a sharp drop to the lower trend line of a channel down pattern below the 1,750.00 mark. The rate bounced off the trend line and began a surge, which was stopped by the resistance of a monthly pivot point at 1,773.62. Economic Calendar Analysis The main scheduled macroeconomic data release of the
On Friday, the 106.80 USD/JPY currency exchange rate level provided support, which started a surge. By the middle of Monday's trading, the surge had broken resistance of the 107.40 mark. In theory, the rate no longer had any resistance as high as the 107.80 mark. Economic Calendar The main scheduled macroeconomic data release of the week is bound to occur on Thursday,
On Monday, the resistance of the 55-hour SMA and the simple weekly pivot point near 1.2400 provided resistance to the GBP/USD. In the future, the rate was expected to continue the decline. However, the 1.2300 level was providing psychological support. Economic Calendar The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at 12:30 GMT. At that
By the middle of Monday's GMT trading hours, the EUR/USD had broken the resistance of various technical resistance levels from 1.1240 to 1.1255. In regards to the future, the pair was expected to test the psychological resistance of the 1.1300 level. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at 12:30 GMT. At
On Friday, the yellow metal's price got squeezed in between the resistance of the 55-hour SMA and the support of the 100-hour SMA. In the near term future the pair was expected to trade sideways until a breaking of one of the simple moving averages occurs. Economic Calendar Analysis There are no more events scheduled for this week that could impact the yellow
After reaching the resistance of a pivot point at 107.47, the USD/JPY began a decline. By the middle of Friday's GMT trading hours, the USD/JPY had reached below the support of a Fibonacci retracement level at 106.86 and no longer had any technical support as low as 106.56. Economic Calendar There are no more events scheduled for this week, which could impact
The GBP/USD continued to decline on Friday, as it reached a new low level. In the near term future, technical indicators signalled that the currency exchange rate would continue to decline. Economic Calendar There are no more notable events scheduled for this week, which could impact the GBP/USD. 22.06-26.06 Event Historical Reactions GBP/USD short-term review Given that the currency pair is pressured by the
Since the middle of Thursday's GMT trading hours, the EUR/USD has traded near the 1.1220 level. In regards to the near term future, the rate was more likely to decline, as the 55, 100 and 200-hour simple moving averages could provide resistance. Economic Calendar Analysis This week there are no more notable events scheduled that could cause a notable move of the EUR/USD. Take