After trading sideways around the 1,750.00 level, the yellow metal's price declined. On Thursday, the decline reached the 1,731.75 level, where it found support and began a recovery. Economic Calendar Analysis This week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT. It could affect gold prices through the strength of the
On Wednesday, the USD/JPY reversed its direction at the combined support of the 100-hour SMA and the lower trend line of a wedge pattern near 107.40. By the middle of Thursday's GMT trading hours, the pair had surged and passed three technical resistance levels. Moreover, the rate had no more resistance as high as 108.00. Economic Calendar Markit is going to publish
On Thursday morning, the GBP/USD found support in the 38.20% Fibonacci retracement level at the 1.2190 level. By mid-day the rate was testing the combined resistance of the 55 and 200-hour simple moving averages at 1.2240. Future forecasts were based upon what would happen at this level. UK Purchasing Manager's Indices The British Pound traded sideways against the US Dollar, following
On Wednesday, the EUR/USD eventually managed to reach the 1.1000 level. The 1.1000 provided resistance and caused a decline, which found support at 1.0952. On Thursday, it was expected that the pair would once again test the resistance of the 1.1000 mark. Economic Calendar Analysis Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45
As speculated on Tuesday, the approaching of the support of the 100-hour SMA provided the needed strength for the yellow metal's price to surge. By the middle of Wednesday's GMT trading hours, the commodity price had reached above the 1,750.00 level. Economic Calendar Analysis This week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at
The USD/JPY reached the 108.00 mark, which held its ground and caused a decline of the pair. In fact, the pair made two attempts to pass the 108.00 level and failed. By mid-day GMT trading hours on Wednesday, the rate had declined to the support of the 55-hour simple moving average at the 107.55 level. Economic Calendar Markit is going to publish
Since the start of Monday's GMT trading, the GBP/USD had surged to the pivot point at 1.2292. The rate bounced off this level late on Wednesday and retreated to find support in the cluster of technical levels at 1.2220. On Wednesday, the rate was expected to once again test the resistance of the pivot point at 1.2292. Economic Calendar On Thursday, the
The surge of the EUR/USD on Tuesday was stopped by the resistance of the 1.0970 level, which caused a decline back to the 1.0920 mark. By mid-day on Wednesday, the rate traded between the 1.0940 and 1.0950 levels. Economic Calendar Analysis Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT. Additionally, the German
Since the bounce off from the 1,765.00 level on Monday, the yellow metal has been trading between 1,730.00 and 1,740.00. However, on Tuesday the situation could change, as the rate was approached by the support of the 100-hour simple moving average. Economic Calendar Analysis This week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at
At mid-day on Tuesday, the USD/JPY pierced the last resistance levels before the 108.00 mark. The rate was expected to surge up to that level. However, the rate is overbought, as indicated by the far below the rate left hourly simple moving averages. Economic Calendar Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at
During Tuesday's morning GMT trading hours, the GBP/USD currency exchange rate reached the 1.2260 level. Afterwards, this level began to provide resistance. In regards to the near term future, the rate was set to test the 1.2260, which would be strengthened by the 200-hour SMA. Economic Calendar This week, most macroeconomic data releases that would impact the GBP/USD are expected to come
On Monday, the EUR/USD surged up to the 1.0920 level, where it traded sideways until Tuesday morning. On Tuesday morning, the pair reached the 1.0950 level. If the rate would manage to pass resistance levels at 1.0950, it could reach for the weekly R3 at the 1.1008 mark. Economic Calendar Analysis During the week, Markit is going to publish the US Flash Manufacturing
On Monday, May 18, DUK+/EUR traded near the 1.3400 level, where it had retreated after touching the high level of 1.5500. Daily Candle Chart On the daily candle chart it can be spotted that the exchange rate did not respect the resistance of the 55 and 200-day simple moving averages during its recent surge. Market Depth Market Depth reveals, where traders have
The surge of the yellow metal reached the 1,765.00 level, which it tested throughout Monday morning. However, the resistance held, as the bullion's price plummeted back to 1,735.00 by the middle of the day. Economic Calendar Analysis This week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT. 17.05-23.05 Event Historical Reactions XAU/USD
On Monday, the USD/JPY currency exchange rate found support in the combination of 55 and 100-hour simple moving averages. During the second half of the day's trading, the pair was expected to reach for the monthly pivot point at 107.65. Economic Calendar Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT.17.05-23.05
On Monday, the GBP/USD started the week by opening lower and afterwards surging. By the middle of the day, the pair had reached for the 38.20% Fibo at 1.2190. In the case of the Fibo failing to provide resistance to the surge, the pair could reach for 100-hour SMA and the weekly simple pivot point near 1.2218. Economic Calendar Most macroeconomic data
The EUR/USD started the week by testing the support of the 1.0800 level. In the meantime, the rate was being pressured by technical resistance levels near the 1.0820 mark. At that level the 100 and 200-hour simple moving averages. Economic Calendar Analysis Today, the US Retail Sales on Friday is being released at 12:30 GMT. During the week, Markit is going to publish
The XAU/USD exchange rate breached the ascending triangle pattern and jumped to the 1,735.00 level. Note that yellow metal remains to be under pressure of the resistance level at 1,740.00. Economic Calendar Analysis Today, the US Retail Sales is being released at 12:30 GMT. Next week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at
The USD/JPY currency pair revealed a rising wedge pattern. From a theoretical perspective, it is likely that the pair could reverse north from the pattern lower line in the nearest future. Economic Calendar Today, the US Retail Sales is being released at 12:30 GMT. Next week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21,
The GBP/USD exchange rate consolidated near the support level – the Fibo 38.20% at 1.2190. In theory, it is likely that some downside potential could prevail in the market, as the rate could continue to trade within the falling wedge pattern. Economic Calendar Today, the US Retail Sales is being released at 12:30 GMT. Next week, most macroeconomic data releases are
Yesterday, the EUR/USD currency pair breached the short-term ascending channel south. Given that the pair is pressured by the 55-, 100- and 200-hour moving averages, it is likely that some downside potential could prevail. Economic Calendar Analysis Today, the US Retail Sales is being released at 12:30 GMT. Next week, Markit is going to publish the US Flash Manufacturing PMI survey results on
The XAU/USD exchange rate continued to trade within the ascending triangle pattern. From a theoretical point of view, it is likely that the rate could continue to trade within the given pattern in the short term. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the
Some downside potential has been prevailing in the market since Monday. During Thursday morning, the USD/JPY currency pair was testing the support formed by the Fibo 38.20% and the 200-hour SMA. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the US Retail Sales on
The GBP/USD exchange rate has revealed a falling wedge pattern. In theory, it is likely that some downside potential could prevail in the market, as the rate could trade within the given pattern. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the