The surge of the USD/JPY ended at the resistance of a 61.80% Fibonacci retracement level at the 109.83 level. This technical level caused a decline. By the middle of Monday's GMT trading hours, the decline had passed support levels near 109.30 and was expected to reach for the 109.00 mark. Economic Calendar During the week, the action on the economic calendars will
After two attempts to pass the 1.2730 level, the GBP/USD retreated to on Monday. By the middle of the day's European trading hours, the currency exchange rate had reached the support of the 55-hour SMA at 1.2635. Economic Calendar During the week, the action on the economic calendars will start and most likely end on Wednesday. At 18:00 GMT the US Federal
At the end of last week, the resistance of the monthly pivot point at 1.1385 managed to hold and cause a decline of the EUR/USD. On Monday, the rate was approaching the support of the weekly pivot point and the 100-hour simple moving average near 1.1260. Economic Calendar Analysis During the week, the action on the economic calendars will start and most likely
As better than expected US employment data was released on Friday, the yellow metal's price plummeted due to the anticipated strength of the US Dollar. The Bureau of Labor Statistics released the US Non-Farm Employment Change data, which came out better-than-expected of 2509K compared with the forecast of negative 7750K. Economic Calendar Analysis During the week, the action on the economic calendars will
At mid-day on Friday, the USD/JPY pierced the resistance of a pivot point at 109.43. Afterwards, it had no resistance as high as the 61.80% Fibonacci retracement level at 109.83. In regards to the aftermath of reaching the Fibo, the rate could trade sideways or reach for the simple pivot point at 110.76. Economic Calendar The week will end with the US
A combination of support provided by the 55 and 100-hour simple moving averages caused a surge of the GBP/USD currency exchange rate. By the middle of Friday's GMT trading hours, the rate was making a second test of the resistance of a pivot point at 1.2678. Economic Calendar The week will end with the US Employment data set release on Friday 12:30
On Thursday, the EUR/USD found support in the 1.1200 level and began a surge. By the middle of Friday's GMT trading hours, the rate had already touched the high level of 1.1385. However, after touching the new high level, the rate began a decline, which could end near the 1.1315 level. Economic Calendar Analysis The week will end with the US Employment data
On Thursday, the yellow metal's price continued the recovery, which started in the aftermath of dropping to the 1,690.00 mark. In the near term future, the commodity price was set to test the resistance of three SMAs and a pivot point near the 1,720.00 level. Economic Calendar Analysis The week will end with the US data set release on Friday 12:30 GMT. 31.05-06.06 Event
Eventually, the 108.80 mark did not hold, and the USD/JPY reached above the 109.00 exchange rate level. Moreover, the pair had begun to use the 108.80 level as a support. In regards to the near term future, the rate could extend its gains, as soon as the 55-hour SMA catches up with it. Economic Calendar The week will end with the US
After making three attempts to pass the resistance of the 1.2600 level and the pivot point at 1.2615, the GBP/USD began a decline. By the middle of Thursday's trading, the sentiment had reached the 1.2500 mark. Economic Calendar The week will end with the US Employment data set release on Friday 12:30 GMT. 31.05-06.06 Event Historical Reactions GBP/USD short-term review It is likely that the
The EUR/USD reached its target at the 1.1250 level. However, the surge did not continue after reaching the target. In the aftermath of touching the 1.1250 mark, the rate declined. By the middle of Thursday's GMT trading hours, the rate had retreated to the 1.1200 level. Economic Calendar Analysis On Thursday, June 4, the European Central Bank is set to issue the Monetary
After another attempt to pass the 1,745.00 price level, the yellow metal dropped. By the middle of Wednesday's trading hours, the commodity price had touched the 1,715.00 level. Economic Calendar Analysis On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change at 12:15 GMT and the ISM Non-manufacturing PMI at 14:00 GMT. The week will end
Instead of consolidating its gains, the USD/JPY continued to surge higher on Tuesday. The surge continued until the rate approached the resistance of the 108.80 mark. By the middle of Wednesday's GMT trading hours, the pair was testing the 108.80 mark, which continued to hold. Economic Calendar On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm
The GBP/USD rate has reached the 1.2600 level, which together with the monthly simple R1 pivot point provided resistance since the late hours of Tuesday. In the near term future, the pair was expected to trade sideways and consolidate its gains. Economic Calendar On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change at 12:15
As expected, the EUR/USD reached the 1.1200 level. Moreover, the rate passed this level's resistance on Wednesday. Next target for the surge of the EUR/USD was a pivot point at 1.1246. Economic Calendar Analysis On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change at 12:15 GMT and the ISM Non-manufacturing PMI at 14:00 GMT. On Thursday,
Since the middle of Monday's GMT trading hours, the yellow metal's price has been pushed up by the 55-hour simple moving average. However, the metal did not manage to reach above the previously touched 1,745.00 level. Economic Calendar Analysis On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change at 12:15 GMT and the ISM Non-manufacturing
On Tuesday, the USD/JPY jumped, as it almost reached the 108.50 mark. The surge was expected on Monday, when the rate broke the resistance of three SMAs and a pivot point. In theory, the rate should consolidate its gains by trading between the 50.00% Fibo at 108.35 and the pivot point at 108.51. Economic Calendar On Wednesday, June 3, two macroeconomic events
The GBP/USD did not bounce off the upper trend line of a channel up pattern. Instead, it broke the resistance. By the middle of Tuesday's GMT trading hours, the rate had reached above the 1.2550 level. Economic Calendar On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change at 12:15 GMT and the ISM Non-manufacturing
The EUR/USD managed to pass the resistance of the 1.1150 mark. The event occurred due to the support of the 55-hour SMA pushing the pair up. In regards to the near term future, the pair was expected to reach for the 1.1200 level. Economic Calendar Analysis On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change
On Monday, June 1, the DUK+/EUR exchange rate jumped to 1.5100. Moreover, it was not going to decline below this level, as a massive amount of buy orders was set at 1.5000. Daily Candle Chart On the technical chart it was spotted this week that the rate has begun to respect the resistance of the 100-day simple moving average. It provided
On Monday morning, the yellow metal's price continued to surge, as it reached for the 1,745.00 level. After touching the mentioned level, the rate retreated back to the support of the 1,730.00 level. At that level it met with the 200 and 55-hour simple moving averages. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic calendar. On Monday,
On Friday, the USD/JPY traded with high volatility, as it dropped below the 107.20 level and afterwards recovered to 107.80. In regards to the near term future, the pair had passed the resistance of hourly SMAs and a weekly pivot point at 107.64. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the
On Monday, the GBP/USD currency exchange rate was testing the resistance of a channel up pattern. In the meantime, the rate was supported by the 1.2380 level. Future forecasts were based upon, which of the two mentioned levels would get passed. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute
The EUR/USD is trading sideways, as it awaits the support of the hourly simple moving averages. The SMAs should signal that the pair is no longer overbought. In regards to the near term future, if the pair passes the 1.1150 mark, it could reach for the 1.1200 level. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic