The yellow metal made an attempt to once more pass the resistance of the 1,515.00 level, and the price failed at the attempt. By the middle of Friday's trading the rate was trading around the 1,505.00 mark. Economic Calendar Analysis No data releases are expected to impact the price of gold during Friday. Next week, there will be one data release, which
The USD/JPY surged, as forecast on Thursday. On Friday morning, the rate was testing a resistance level at 108.13. At that level a pivot point was located at. If the rate could pass this level, it would face no technical resistance as high as 108.44 where a 38.20% Fibonacci retracement level was located at. Economic Calendar Today, the US Federal Reserve Meeting Minutes
The traders, which went long on the expectations of a surge to the 1.2300 mark, where surprised on Friday morning. The GBP/USD had reached the 1.2500 level. Moreover, if trailing stop losses had been set properly, the whole move of approximately 250 pips could have been captured. Economic Calendar This week data releases are over. Next week, there will be many UK
The surge of the EUR/USD reached up to the 1.1034 level, from which it reversed and declined. The decline had found support at 1.1005, from where a consolidation began. In general, the rate could trade in any direction until the end of this week's trading. Although, a new channel up pattern was spotted. The pattern could help traders make decisions. Economic Calendar
After a short lived surge above 1,515.00 on Wednesday, gold declined back down to support levels near 1,505.00 on Thursday, In general, a surge or sideways trading was speculated to be the most likely future scenarios for the commodity price. A decline is considered unlikely. Economic Calendar Analysis Today the US CPI will be released at 12:30 GMT. This release could
Due to trade war news the USD/JPY fluctuated from 107.00 to 107.80 during midnight GMT hours between Wednesday and Thursday. On Thursday morning, the rate found support in the 200-hour SMA just below the 107.40 mark. In general, the rate was set to surge, as it was being approached by the technical support of the 55 and 100-hour simple moving averages. Economic
By the middle of Thursday's London trading, the GBP/USD remained near previous day's trading levels. Although, the pair broke the resistance of the weekly S1 and the 55-hour simple moving average near 1.2230. Due to that reason another surge to the resistance levels below 1.2300 was expected. Economic Calendar On Thursday, the US CPI will be released at 12:30 GMT. The event has
On Thursday, the EUR/USD was sharply surging up, as the currency rate had reached the 1.1020 mark by 09:00 GMT. In addition, the 1.1000 mark, which kept the rate down since October 3, has been passed, signaling that the pair might move even higher. Economic Calendar Analysis On Thursday, watch out for the ECB Monetary Policy Meeting Accounts at 11:30 GMT. In
During today's morning, the price for gold re-tested the psychological level at 1,510.00. Note that yellow metal is supported by the 55-, 100- and 200-hour moving averages. Thus, it is likely that some upside potential could prevail in the market. Economic Calendar Analysis Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. On Thursday, the
During Wednesday morning, the USD/JPY currency pair broke the upper boundary of the falling wedge pattern. Given that the pair is squeezed by 55-, 100- and 200-hour moving averages, it is likely that the US Dollar could consolidate against the US Dollar. Economic Calendar Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. Since February the
During today's morning, the GBP/USD exchange rate tried to surpass the 1.2260 level. Note that the rate is pressured by the 55-, 100- and 200-hour moving averages, it is likely that some downside potential could prevail in the market. Economic Calendar Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. Since February the event has caused
During Wednesday morning, the EUR/USD currency pair reached the upper boundary of the short-term descending channel at 1.0990. If the given channel holds, a reversal south could occur in the nearest future. Otherwise, the pair could re-test the psychological level at 1.1000. Economic Calendar Analysis This week there are a couple of events scheduled, which could impact the EUR/USD. Today, the
In general, Gold remains near the 1,500.00 level. Although, the high volatility of the metal provides some traders with the opportunity to profit. Economic Calendar Analysis On Wednesday, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. On the same day the US CPI will be released at 12:30 GMT. Meanwhile, next week's notable event overview and
A decline of USD/JPY was occurring on Tuesday, as the rate pierced through hourly simple moving averages. In general, another test of the low level of 106.60 was expected. Economic Calendar On Wednesday, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. Since February the event has caused moves from 7.7 to 15.3 base points. On Thursday, the US
The technical levels just above the 1.2300 mark eventually beat down the GBP/USD currency rate. On Tuesday morning, the rate had already reached the 1.2240 level. Moreover, the decline in theory was expected to reach the 1.2228 level, where the S1 of the weekly simple pivot points was located at. Economic Calendar On Tuesday the US PPI release at 12:30 GMT could cause
As it was speculated on Monday, the EUR/USD surged despite breaking an ascending pattern. Namely, the rate tested the resistance of the 1.1000 mark, which once more held. During Tuesday's London morning hours, the rate was once more heading to the 1.1000 level. Economic Calendar Analysis This week there are a couple of events scheduled, which could impact the EUR/USD. On Tuesday the
The descending channel pattern has held. DUK+/EUR exchange rate has declined after bouncing off its upper trend line. In addition, the cluster of buy orders at 0.7500 did not manage to provide support as in late August and early September. This week, the rate was expected to reach support levels near 0.6300. Daily Candle Chart On the daily candle chart, the
Due to the US Employment data strengthening the US Dollar, gold failed at breaking the resistance of the 1,515.00 level. US Employment Data The Bureau of Labor Statistics released the US Unemployment Rate data, which came out better-than-expected of 3.5% compared with the forecast of 3.7%. According to the official release: "In September, the unemployment rate declined by 0.2 percentage point
On Monday, the USD/JPY rate was being pushed down by the resistance of the 55-hour SMA near 106.90. Future scenarios were built on assumptions of the SMA being either broken or holding. US Employment Data The Bureau of Labor Statistics released the US Unemployment Rate data, which came out better-than-expected of 3.5% compared with the forecast of 3.7%. According to the official release: "In
On Monday morning, the GBP/USD declined below technical levels that surrounded the 1.2320 mark. Future scenarios were built around what would happen near that level. US Employment Data The Bureau of Labor Statistics released the US Unemployment Rate data, which came out better-than-expected of 3.5% compared with the forecast of 3.7%. According to the official release: "In September, the unemployment rate declined by
The EUR/USD broke its ascending patterns on Monday morning. Although, the rate still had plenty of technical support levels below it. In general, despite breaking an ascending pattern, the rate could still surge. US Employment Data The European Common Currency depreciated against the US Dollar, following the US Employment data set release on Friday at 12:30 GMT. The EUR/USD exchange currency rate
The metal broke the resistance of the 1,505.00 level, as the US ISM Non-Manufacturing PMI beat down the value of the USD on all charts. US ISM Non-Manufacturing PMI The Institute for Supply Management released the US ISM Non-Manufacturing PMI survey data results, which came out worse-than-expected of 52.6 compared to the forecast of 55.1. The Chair of the Institute for Supply Management
As expected, the decline of the USD/JPY continues. On Thursday afternoon, the rate had touched the support of a weekly pivot point at 106.49. The drop was caused by the release of US ISM Non-Manufacturing PMI. Although, the pivot point managed to hold and the rate retraced back up to the levels just below the 107.00 mark, where it traded sideways
The first scenario laid out on Thursday became reality, as the rate pierced the resistance of the late September channel down pattern and reached the resistance levels at 1.2350. Moreover, the rate touched the 1.2415 level before retreating back down. On Friday morning, the rate was trading sideways below a weekly pivot point that was located at the 1.2356 level. In