On Wednesday, the USD/JPY traded in limbo around the weekly R1 at 108.91. In general, the rate was still waiting for the technical support of the 55-hour simple moving average to push it higher to the pivot point at 109.32. Latest Fundamental Event Report US Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data, which came out better-than-expected of
The GBP/USD reached the target support levels at 1.2440. The support levels were tested two times by the middle of Wednesday's trading session. The tests were followed by a failure, which resulted in a surge that reached technical resistance at 1.2490. Latest Fundamental Event Report Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data, which came out better-than-expected of
The EUR/USD did not continue its decline on Tuesday, as the rate found enough support in the lower trend line of a descending channel pattern to surge. By the middle of Wednesday's trading session, the currency exchange rate had already pierced the resistance of the 55-hour simple moving average at 1.1213 and a monthly pivot point at 1.1220. Due to that reason
The yellow metal declined, as forecast. Namely, the monthly pivot point just above the 1,385.00 level was reached on Tuesday. The decline was started, as previously forecast, by the resistance of the hourly simple moving averages. Latest Fundamental Event Report Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data, which came out better-than-expected of 244K compared with the forecast of
The USD/JPY surged, as expected after the breaking of the resistance line on the hourly chart. Namely, the rate reached 108.90 at midnight. At that level the rate met with the resistance of the weekly R2. If this technical level gets broken, the rate would surge up to the 109.32 level, where the weekly R2 is located at. Latest Fundamental Event Report US
The decline of the GBP/USD reached the previously set targets, as it reached the 1.2488 level on Tuesday morning. Moreover, the pair passed the support levels near 1.2480 and was set to reach the 1.2440 level, where it would be met by two technical support levels. Latest Fundamental Event Report Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data,
The EUR/USD has continued to decline. On Tuesday morning, the pair passed the support of the 1.1200 level. In general, if the pair passes the support of a descending channel on the hourly candle chart, the rate would drop down to the weekly S1 pivot point at 1.1166. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the
On Monday, gold was testing the resistance of the hourly simple moving averages just below the 1,410.00 level. In general, it was expected that the commodity price will decline, as it has not technical support as low as 1,385.00. Latest Fundamental Event Report Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data , which came out better-than-expected of 244K compared
On Monday, the USD/JPY dipped down and resumed its surge by the middle of the day's trading. During the move patterns were being broken. In general, due to the breaking of resisting trend lines the rate was expected to surge. Latest Fundamental Event Report US Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data , which came out better-than-expected of
On Monday, the GBP/USD was declining in accordance with the morning's daily short term Technical Analysis publication. In general, the rate was expected to gradually reach the 1.2490 level. Latest Fundamental Event Report Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data , which came out better-than-expected of 244K compared with the forecast of 162K. According to the official release:
On Monday, the EUR/USD was consolidating just above the monthly pivot point at 1.1220. Although, by the middle of the day, the support of the pivot point was being tested. In general, the future forecasts scenarios were based on what will happen near the monthly pivot point. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the US
During today's morning, the XAU/USD exchange rate was trading sideways between the 55-, 100- and 200-hour SMAs. If the given moving averages hold, the rate could continue to trade sideways within the following trading session. Latest Fundamental Event Report Institute for Supply Management released the US ISM Non-Manufacturing PMI data , which came out worse-than-expected of 55.1 compared with the forecast of 56.1. According
During Friday's morning, the USD/JPY currency pair jumped to the psychological level at 108.00. It is likely, that the pair could re-test the upper boundary of the medium-term descending channel. Latest Fundamental Event Report Institute for Supply Management released the US ISM Non-Manufacturing PMI data , which came out worse-than-expected of 55.1 compared with the forecast of 56.1. According to the official release:
During today's morning, the GBP/USD exchange rate tumbled to the support level - the monthly S1 1.2545. If the given support level does not hold, it is expected, that bears could continue to prevail in the market. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following the UK Current Account data release on Friday at 08:30 GMT.
During Friday's morning, the EUR/USD currency pair breached the support level formed by the weekly S3 at 1.1275. Given, that the pair is pressured by the 55- and 100-hour moving averages, located circa 1.1290, it is expected, that some downside potential could prevail. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar, following the US ISM Non-Manufacturing PMI
During Thursday morning, the price for gold was testing the support formed by the 55-, 100- and 200-hour SMAs, located circa 1,410.00. If the given support holds, a reversal north is expected within the following trading session. Latest Fundamental Event Report Institute for Supply Management released the US ISM Non-Manufacturing PMI data , which came out worse-than-expected of 55.1 compared with the forecast
During Thursday morning, the USD/JPY currency pair was testing the support level formed by the 200-hour SMA at 107.76. If the given support holds, some upside potential could prevail in the market in the short term. Latest Fundamental Event Report Institute for Supply Management released the US ISM Non-Manufacturing PMI data , which came out worse-than-expected of 55.1 compared with the forecast
During Thursday's morning, the GBP/USD exchange rate traded sideways around the psychological level at 1.2580. It is likely, that the rate could go downside, as it is pressured by the 55-hour moving average at 1.2594. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following the UK Current Account data release on Friday at 08:30 GMT. The GBP/USD
The EUR/USD currency pair has been trying to surpass the support level - the weekly S3 at 1.1275 since Tuesday. Given, that the pair is pressured by the 55-hour moving average, it is likely, that some downside potential could prevail in the market. Also, it is unlikely, that high volatility could occur, as the US market is closed today. Latest Fundamental Event
Yesterday, the XAU/USD exchange rate tried to breach the long-term ascending trend north. During today's morning, the rate reversed south to the psychological level at 1,425.00. Latest Fundamental Event Report Bureau of Economic Analysis released the US Final GDP data, which came out in line with expectations of 3.1%. According to the official release: "The first-quarter percent change in real GDP was the same
During Wednesday morning, the USD/JPY currency pair was testing the support level formed by the 200-hour SMA and the weekly PP at 107.63. Given that the pair is pressured by the monthly PP at 107.84, it is likely, that the pair could trade sideways in the short term. Latest Fundamental Event Report Institute for Supply Management released the US ISM Manufacturing PMI
During Wednesday's morning, the GBP/USD exchange rate declined to the psychological level at 1.2560. It is likely, that the rate could maintain its decline. In this case, the rate could seek support at 1.2545 by the monthly S1. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following the UK Current Account data release on Friday at 08:30 GMT.
The EUR/USD currency pair has been trying to surpass the support level - the weekly S3 at 1.1275 since yesterday. Given, that the pair is pressured by the 55-hour moving average, it is likely, that some downside potential could prevail in the market. Latest Fundamental Event Report The European Common Currency depreciated against the US Dollar, following the US ISM Manufacturing PMI data
Since Monday morning gold has continued to trade sideways in the range between 1,382.50 and 1,395.00. In general, the metal's price was expected to be pushed down by the technical resistance of the 55 and 100-hour simple moving averages. Latest Fundamental Event Report Bureau of Economic Analysis released the US Final GDP data, which came out in line with expectations of 3.1%. According to