The USD/JPY currency pair remains under pressure of the 55-hour moving average near 107.50. During Thursday morning, the pair was testing the Fibo 23.60% at 107.02. If the given level holds, the pair could consolidate. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00% to 1.25% at an unscheduled emergency meeting. The
During Thursday morning, the GBP/USD exchange rate jumped was testing the resistance level formed by the Fibonacci 38.20% retracement and the monthly PP at 1.2920. If the given resistance does not hold, some upside potential could prevail in the market. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of
On Wednesday, the EUR/USD currency pair reversed north from the support level - the weekly R1 at 1.1120. In general, the pair could continue to consolidate in the 1.1120/1.1200 area . US ISM Non-Manufacturing PMI The Euro depreciated against the US Dollar, following the US ISM Non-Manufacturing PMI survey results release on Wednesday at 15:00 GMT. The EUR/USD exchange
The US Federal Reserve Rate Announcement on Tuesday caused a jump of the yellow metal's price to the 1,650.00 mark. On Wednesday, the metal had bounced off the 1,650.00 level and had found support in the 200-hour simple moving average near 1,635.00. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00%
The 55-hour SMA has pushed the USD/JPY currency exchange rate to a new low level. Namely, the 107.00 was tested on Tuesday. The 107.00 was providing psychological support and was strengthened by a 23.60% Fibonacci retracement level. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00% to 1.25% at an unscheduled emergency
On Wednesday, the GBP/USD was retreating after it had bounced off the resistance of the 100-hour simple moving average. By the middle of the day, the rate had begun to trade around the 55-hour SMA. The future of the rate was dependant on whether or not the SMAs manage to push the rate down or not. Fed Rate Cut
On Wednesday, the EUR/USD currency exchange rate retreated after touching the 1.1200 level on Tuesday. In general, the rate's retreat was expected to test support levels in the range from 1.1157 to 1.1120. FOMC Rate Cut The Euro appreciated against the US Dollar, following the FOMC Statement release on Tuesday at 15:00 GMT. The EUR/USD exchange currency rate gained
The DUK+/EUR currency exchange rate passed the support of the 55-day simple moving average. In the aftermath of the support level failing, the rate began a slow decline. On March 3, the pair was expected to decline to the cluster of the buy orders that was located near 1.7000 mark. Daily Candle Chart On the daily candle chart, it can be
Since Monday, the yellow metal's price has continued to fluctuate in the range between the 1,590.00 and 1,610.00 levels. However, there was an update on the metal's hourly candle chart. Namely, the 55-hour SMA had reached the price at the middle of Tuesday's GMT trading hours. Economic Calendar Analysis Some might consider watching the ADP Non-Farm Employment Change on Wednesday at 13:15
The support of the 107.50 level held on Monday, as the pair traded between the 107.50 and 108.50 levels. In the meantime, as the rate traded sideways it was approached by the resistance of the 55-hour simple moving average, which began to push the pair down. US ISM Manufacturing PMI The Institute for Supply Management (ISM) released the US ISM Manufacturing
By the middle of Tuesday's London trading hours, the GBP/USD had continued to trade above the 1.2740 level. In the meantime, the rate had been approached by the resistance of the 55-hour simple moving average, which began to push the pair down. US ISM Manufacturing PMI The Institute for Supply Management (ISM) released the US ISM Manufacturing PMI survey
After touching the 1.1185 mark on Monday, the EUR/USD began a decline. By the middle of Tuesday's London trading hours, the rate had reached the support of the 1.1100 level. In regards to the near term future, the pair was expected to find additional support in the 55-hour simple moving average, which could push the pair up to the 1.1200
On Monday, the yellow metal retraced back up to trade near the 1,600.00 level. There the price appeared to consolidate by trading sideways. Economic Calendar Analysis Already on Monday, a data release could cause a notable move. The US ISM Manufacturing PMI is scheduled to be published at 15:00 GMT. Some might consider watching the ADP Non-Farm Employment Change on Wednesday
The USD/JPY has reached a new low level by trading at the 107.50 level. On Monday, the rate was located at this level. The pair was expected to continue to decline to the 107.00 level, as in the morning hours it had retraced back to the 108.50 mark and removed oversold pressure. In addition, there was no technical support as low
On Monday, the GBP/USD currency exchange rate was testing the support of the 1.2750 level, which was initially reached on Friday. In the case of the 1.2750 mark not holding, the rate could reach as low as the 1.2700 mark. Economic Calendar Already on Monday, a data release could cause a notable move on the GBP/USD charts. The US ISM Manufacturing
The EUR/USD currency exchange rate started the week by reaching higher than it was previously expected. The pair reached above the 1.1160 level. In the near term future, the rate was expected to trade sideways above the 1.1100 level, where it had retreated in the afternoon. Economic Calendar Analysis Already on Monday, a data release could cause a notable move on the
By the middle of Friday's London trading, the yellow metal had retreated down to the 1,630.00 level. At that mark, the 200-hour simple moving average was met. This event signaled that the metal is no longer overbought. Meanwhile, it could be observed that the metal had remained near the same level throughout this week, despite making attempts to surge. Economic Calendar
The USD/JPY has plummeted down to the 108.50 level. Despite a decline being expected by Dukascopy Analytics, the sharpness of the decline was not forecast. On Friday, the rate appeared to be finding support in the 108.50 level, which was strengthened by a weekly pivot point at 108.58. Economic Calendar Next week, already on Monday, a data release could cause a notable move.
By the middle of Friday's London trading, the GBP/USD continued to trade between the 1.2860 and the 1.2920 levels. In the meantime, the rate was approached by the hourly simple moving averages from the above. It indicates that the pair could be pushed down through the support of the 1.2860 level. Economic Calendar Next week, already on Monday, a data release
On Friday, the EUR/USD broke the resistance of the 1.1000 level and sharply surged. By 10:00 GMT, the currency exchange rate had touched the 1.1050 level. The rate was expected to next reach for the resistance of the 1.1100 level, where a monthly pivot point was located at. Economic Calendar Analysis Next week, already on Monday, a data release could cause a
On Thursday, the yellow metal's price touched the 1,660.00 level before retracing back to the 1,640.00 mark. In the meantime, it could be observed that the rate was booking higher highs and lower lows. Economic Calendar Analysis No more relevant data for the pair is scheduled to be released during this week. However, next week's data is available. Click on the link below
On Thursday, the 55-hour simple moving average was pushing the USD/JPY currency exchange rate through the support of the 110.00 level. During the second half of the day's GMT hours the pair reached the 109.70 level. Economic Calendar No more relevant data for the pair is scheduled to be released during this week. However, next week's data is available. Click on the link
The decline of the GBP/USD eventually found support in the 1.2860 level, which was strengthened by the weekly S1 simple pivot point. Since finding support, the rate began to trade in the range between the 1.2920 level and the mentioned pivot point. Economic Calendar No more relevant data for the pair is scheduled to be released during this week. However, next week's
During Thursday's trading session, the EUR/USD currency exchange rate reached for the 1.1000 level. The round level provided psychological resistance and caused a retreat. During the afternoon GMT trading hours, the retreat had found support in the wekly R3 pivot point at 1.0967. Economic Calendar Analysis On Friday, the Euro Zone CPI Flash Estimate is set to be published. It has caused