As expected, the GBP/USD has declined. On Wednesday, the pair first reached the 50.00% Fibo at 1.2418 and afterwards dropped down to the weekly S1 simple pivot point at the 1.2360 mark. In the aftermath of the drop, on Wednesday, the rate began to trade sideways. Economic Calendar All attention of GBP traders is expected to be set on the upcoming
As expected, the EUR/USD has approached the support of the 1.0820 level. Moreover, the 1.0820 was passed on Wednesday morning. By mid-day, the rate was expected to test the support of a monthly pivot point at 1.0776. Economic Calendar Analysis On Wednesday, a minor move could be caused by the ADP Non-Farm Employment Change. On Friday, the week will end with the employment data
Both possible forecast scenarios of last week became reality. By large, DUK+/EUR continued to trade sideways. However, there was one exception, as the pair attempted to pass the resistance of the 200-day SMA and a sell order cluster near 1.4700. Daily Candle Chart On the daily candle chart it can be spotted that the exchange rate respected the resistance of
After making attempts to pass the resistance of the 1,710.00 level, gold's price declined on Tuesday. In the meantime, it was spotted that the commodity price is heavily being impacted by the hourly simple moving averages. Economic Calendar Analysis There are a couple of minor data releases scheduled for the week. On Tuesday, the US ISM Non-Manufacturing PMI is set to be
The USD/JPY was testing the resistance of a 38.20% Fibonacci retracemenet level at 106.86. In addition, the Fibo was strengthened by the resistance of the 55 and 100-hour simple moving averages near 106.80. Future forecasts were based upon what would happen near the 106.80 mark. Economic Calendar There are a couple of minor data releases scheduled for the week. On Tuesday, the
On Tuesday, the GBP/USD traded between the support of the 1.2420 and 1.2485 levels. In regards to the near term future, it was more likely that the pair could decline, as it faced two SMAs and a monthly pivot point from 1.2470 to 1.2485. Economic Calendar There are a couple of minor data releases scheduled for the week. On Tuesday, the
After touching the high level of 1.1020 on Friday, the EUR/USD began a decline. By the middle of Tuesday's GMT trading hours, the rate had reached the 1.0840 level. In regards to the near term future, the rate was expected to test the support of the 1.0820 mark. Economic Calendar Analysis There are a couple of minor data releases scheduled for the week.
On Thursday morning, the XAU/USD exchange rate reached the 1,720.00 level. It is likely that yellow metal could gain support from the 55-, 100- and 200-hour moving averages and trade upwards in the short run. Economic Calendar Analysis On Friday, the US ISM Manufacturing PMI is scheduled to be published at 14:00 GMT. The week's notable scheduled events are set to start on Tuesday
Yesterday, the USD/JPY currency pair consolidated in the 106.60 area. Note that the pair is pressured by the 55-hour moving average. Thus, some downside potential could prevail. Economic Calendar Today, the US Unemployment Claims will be released at 12:30 GMT. On Friday, the US ISM Manufacturing PMI is scheduled to be published at 14:00 GMT. Next week's notable scheduled events are set to start
On Thursday morning, the GBP/USD exchange rate broke the weekly R1 at 1.2500. Given that the rate is supported by the 55-hour SMA, it is likely that some upside potential could prevail in the market. Economic Calendar On Friday, the US ISM Manufacturing PMI is scheduled to be published at 14:00 GMT. Next week's notable scheduled events are set to start on
The EUR/USD currency pair remains to trade below the Fibonacci 23.60% retracement at 1.0886. Note that the pair is supported by the 55-, 100- and 200-hour moving averages. Thus, some upside potential could prevail in the market. Economic Calendar Analysis Today, note the US Unemployment Claims at 12:30 GMT. Moreover, the US ISM Manufacturing PMI is scheduled to be published on
On Wednesday, the yellow metal fluctuated between the 1,702.00 and 1,712.00 levels, where it was influenced by a monthly pivot point and hourly simple moving averages. In general, the price was consolidating before a break out up or down. Both scenarios were possible and traders would look for signals, which one becomes reality. Economic Calendar Analysis On Wednesday, at 18:00 GMT, the Federal
The decline of the USD/JPY has continued, as by the middle of Wednesday's GMT trading hours, the rate had reached the 106.40 mark. Near that level the rate met with the weekly S3 simple pivot point. Future forecasts were based upon whether the support of the 106.40 holds. Economic Calendar The week starts with the US Advance GDP release on Wednesday at
On Wednesday morning, the GBP/USD passed the support of the 1.2450 level and the 55-hour simple moving average near 1.2440. In the near term future, the rate was expected to test the 100 and 200-hour SMA support at 1.2400 before declining to a weekly pivot point at 1.2374. Economic Calendar This week starts with the US Advance GDP on Wednesday at
Previously, the 23.60% Fibonacci retracement level at the 1.0886 level held and caused a drop of the EUR/USD pair. The decline reached the support of the 1.0820 level and once again started a surge, which was expected to once again test the retracement level. Economic Calendar Analysis This week is set to start with the US Advance GDP on Wednesday at 12:30
Throughout the week up to April 28, the DUK+/EUR currency exchange rate traded near the 1.3500 mark. In the meantime, it was discovered that a large concentration of buy orders had appeared near 1.3000 and 1.2500 exchange levels. Daily Candle Chart On the daily candle chart it can be spotted that the exchange rate is ignoring the monthly simple pivot points.
By the middle of Tuesday's GMT trading hours, the yellow metal's price had reached back below the 1,700.00 level. However, after trading below the 1,700.00 mark, the rate began a recovery, which was expected to test resistance near 1,720.00 mark. Economic Calendar Analysis This week starts with the US Advance GDP release on Wednesday at 12:30 GMT. This is the first of
On Tuesday, the USD/JPY rate dropped to the 106.50 level. By doing this it passed the support of the 107.00 mark and a cluster of technical support levels at 106.85. In regards to the near term future, the rate was expected to reach the weekly S3 simple pivot point at 106.44. Economic Calendar The week starts with the US Advance GDP release
The GBP/USD jumped on Tuesday morning to the 1.2500 mark. At that level the rate met with the resistance of the simple weekly R1 pivot point. The future of the rate depended on whether or not the rate breaks the resistance of the pivot point. Economic Calendar This week starts with the US Advance GDP on Wednesday at 12:30 GMT. This
On Tuesday morning, the EUR/USD bounced off the support of two pivot points and two hourly simple moving averages. A surge followed this event. By mid-day, the rate had reached a 23.60% Fibonacci retracement level at 1.0886 Economic Calendar Analysis This week is set to start with the US Advance GDP on Wednesday at 12:30 GMT. This is the first of three
At the end of last week, the price for gold failed to reach the psychological level at 1,740.00. During Monday morning, the XAU/USD exchange rate consolidated in the 1,720.00 area. Economic Calendar Analysis This week starts with the US Advance GDP release on Wednesday at 12:30 GMT. This is the first of three types of US quarterly GDPs. The Advance release reveals the
On Friday, the USD/JPY currency pair tried to decline below the 107.40 level. During Monday morning, the pair broke the lower boundary of the short-term descending channel. Economic Calendar The week starts with the US Advance GDP release on Wednesday at 12:30 GMT. This is the first of three types of US quarterly GDPs. The Advance release reveals the first Gross Domestic
During Friday, the GBP/USD exchange rate consolidated in the 1.2350 area. During Monday morning, the rate extended gains and reached 1.2440. The rate could gain support from the 200-hour SMA, as well the Fibo 50.00% and trade upwards within the following trading hours. Economic Calendar This week starts with the US Advance GDP on Wednesday at 12:30 GMT. This
At the end of last week, the EUR/USD currency pair reversed north from the psychological level at 1.0740. Note that the pair remains to be under pressure of the 200-hour moving average. Thus, it is likely that a reversal south could occur in the nearest future. Economic Calendar Analysis This week is set to start with the US Advance GDP on