On Tuesday morning the USD/JPY continued to trade below the technical resistance levels that were located just below the 108.50 level. Although, the rate might finally pass these levels, as the technical support of the 55 and 100-hour simple moving averages was approaching the pair from below. Latest Fundamental Event Report Institute for Supply Management released the US ISM Manufacturing PMI data ,
By the middle of Tuesday's London trading the GBP/USD had touched a new low level by reaching the 1.2620 mark. In general, the pair was expected to continue to decline, as it had to technical support as low as the 1.2594 level. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following the UK Current Account data release on
The decline of the EUR/USD resumed after a short surge on Monday. During the early Tuesday trading hours the rate had reached down to the support of the weekly S3 at 1.1275. By the middle of the day, the rate had started a recovery, which was expected to reach the 1.1300 level. Latest Fundamental Event Report The European Common Currency depreciated against the
Gold dropped like a thrown brick on the announcement that the US and China are restarting trade talks. Namely, risk off sentiment changed to risk on and the USD gained value due to the expected demand for it. By the middle of Monday's trading the metal's price had touched the 1,382.50 level. Latest Fundamental Event Report Bureau of Economic Analysis released the US
As most pairs on Monday, the USD/JPY had jumped. The event occurred due to the US and China resuming trade talks. The event both caused a surge of the USD and a general drop of the JPY. Namely, value went into risk on assets and currencies through the USD from the JPY. Latest Fundamental Event Report Bureau of Economic Analysis released the US
On Monday, the GBP/USD dropped down to the 1.2640 level due to the strength of the USD. Namely, the renewal of US-China trade talks resulted in a surge of the US Dollar. 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 exchange currency rate gained
The EUR/USD dropped on Monday morning to the support of a weekly pivot point at 1.1316. The drop occurred due to the USD gaining value, as the US restarted trade talks with China. The rate is expected to consolidate by trading sideways or surging up to the 1.1340 level. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar,
The price for gold could not surpass the psychological level at the 1,425.00 mark. Note, that the XAU/USD exchange rate is supported by the 55- and 100-hour SMAs, thus, some upside potential could prevail in the market in the nearest future. Latest Fundamental Event Report Bureau of Economic Analysis released the US Final GDP data, which came out in line with expectations of
During Friday's morning, the USD/JPY was testing the support level formed by the 55- and 200-hour SMAs, as well the weekly PP at 107.70. If the given support level holds, it is expected, that a reversal north could occur. 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
On Friday morning, the GBP/USD exchange rate reversed north from the support level formed by the 200-hour SMA and the weekly PP at 1.2669. The rate could maintain its growth in the short term. However, note, that the currency pair is pressured by the 100-hour SMA at 1.2703. Latest Fundamental Event Report The British Pound depreciated against the US Dollar, following the UK
On Friday morning, the EUR/USD currency pair was trading at the 1.1390 level. Note, that the pair is supported by the 55- and 100-hour SMAs, located circa 1.1370, thus, some upside potential could prevail in the market. Latest Fundamental Event Report The European Common Currency traded sideways against the US Dollar, following the US Final GDP data release on Thursday at 12:30 GMT.
The yellow metal stopped its decline near the 1,405.00 level. The event occurred due to a relieve of the overbought pressure, as indicated by the 55 and 100-hour SMAs being above the commodity price. In general, the metal is expected to trade sideways until new fundamental news reveal its future direction. Latest Fundamental Event Report Federal Reserve released the FOMC Statement, where the
The USD/JPY continued its surge on Thursday, as the 200-hour simple moving average failed to stop the surge of the rate. The pair was set to reach the resistance levels that surround the 108.40 level. Namely, a 38.20% Fibonacci retracement level and a weekly R1 were located nearby. Latest Fundamental Event Report The US Census Bureau released the US Core Durable Goods Orders
On Thursday morning, the GBP/USD traded below the 1.2700 level. The rate had continued to fluctuate between the support of the weekly pivot point at 1.2669 and the psychological resistance of 1.2700. In general, the rate was expected to get squeezed in between the support of the mentioned pivot point and the 200-hour simple moving average and the resistance of
On Thursday morning, the EUR/USD still traded near the 1.1360 level. However, the pair had passed the support of the 100-hour simple moving average. In general, the rate had no technical support as low as 1.1329. Although, note that this might be a false break out, as the rate had made two false break outs from the yesterday described squeeze. Latest Fundamental
Gold has continued to decline on Wednesday. Although, the decline was paused by the 100-hour simple moving average. In regards to the near term future, the commodity price was expected to get squeezed in between the 55 and 100-hour simple moving averages. Latest Fundamental Event Report Federal Reserve released the FOMC Statement, where the US policymakers provided in-depth insights into the economic and
The USD/JPY was recovering on Wednesday. By the middle of the day, the rate had broken resistance of a descending channel pattern and jumped up to the 107.70 level. If the resistance at 107.70 gets broken, the rate would surge up tot eh 200-hour SMA at 107.86. Latest Fundamental Event Report The Federal Reserve released the FOMC Statement, where the US policymakers provided
After a short lived piercing of the 1.2760 level the GBP/USD began a decline, which on Wednesday had reached the 1.2669 level. At that level it met with the support of a weekly pivot point. The future forecasts were based on what will happen at the pivot point. Latest Fundamental Event Report The British Pound depreciated against the US Dollar, following
On Wednesday morning, the EUR/USD ended the surge, which was occurring for a week. Namely, it broke the support of the ascending pattern and the 55-hour simple moving average. The rate had fulfilled the second of the previously speculated scenarios by declining down to the 100-hour simple moving average, which on Wednesday was located near the 1.1350 level. In general, the rate
Gold has hit a new high level. Namely, the 1,440.00 level was touched on Tuesday morning. Another important update to note is that the 55-hour simple moving average continued to remain close by below the yellow metal's price. It serves as a good overbought indicators, as the metal retraces back down as soon as the SMA is too far away. Latest Fundamental
The 55-hour simple moving average has forced the USD/JPY to drop below the 107.00 level. However, the drop was stopped by the lower trend line of a dominant channel down pattern. In general, a consolidation was expected either up or sideways. Which one will occur depends on whether the resistance of the 107.00 level would get passed. Latest Fundamental Event Report The Federal
On Tuesday morning, the GBP/USD was testing the resistance of the 1.2760 level. In general, the rate was expected to pass this level sooner or later. Latest Fundamental Event Report The British Pound depreciated against the US Dollar, following the UK Monetary Policy Summary and Official Bank Rate data releases on Thursday at 11:00 GMT. The GBP/CAD exchange currency rate lost 29
The EUR/USD has reached the previously set target at 1.1410. At that level the rate met with the resistance of a monthly pivot point. In general, the rate was expected to trade sideways until it finds technical support in the lower trend line of an ascending channel pattern and the 55-hour simple moving average. Latest Fundamental Event Report The European Common Currency appreciated
On Monday, the yellow metal's price was testing the resistance of the 1,410.00 level. Namely, by the middle of the day the resistance level had managed to stop another surge. In general, it was expected that the 1,410.00 level would be passed as soon as hourly simple moving averages provide support and indicate that the metal has consolidated after the recent