Despite the surprise Bank of England interest rate hike, the GBP/USD currency exchange rate remains near 1.2800. For most part of the week, the pair has traded between 1.2700 and 1.2850. Meanwhile, technical levels appear to have little impact on the pair. Economic Calendar On Friday, the rate could react to the Flash Manufacturing and Services PMI releases. UK data will be
The Euro has recovered against the US Dollar above the 1.1000 mark. At mid-day on Thursday, the pair pierced the round level indicating that the pair could continue to move higher. Economic Calendar Analysis The currency pair might react to the upcoming release of the European and US Flash Manufacturing and Services sector PMIs. The European releases will happen from 07:15 up
The price for gold has found support near 1,935.00 and enough strength to move back above the 1,952.00/1,955.00 range, which is once again acting as support. Economic Calendar Analysis On June 1, watch the US ISM Manufacturing Purchasing Managers Index release at 14:00 GMT. On June 2, the United States are scheduled to publish the monthly employment data sets. At 12:30 GMT,
The rate has made a second attempt to reach the 141.00 mark. However, the rate's efforts were stopped by a now marked resistance zone at 140.89/140.93. Meanwhile, it has been spotted that hourly simple moving averages manage to act as resistance and support. Economic Calendar On June 1, watch the US ISM Manufacturing Purchasing Managers Index release at 14:00 GMT. On June
Despite a recent short lived surge, the GBP/USD continues to trade below the 1.2400 mark. Meanwhile, it was spotted that the pair mostly ignores the hourly simple moving averages. Economic Calendar On June 1, watch the US ISM Manufacturing Purchasing Managers Index release at 14:00 GMT. On June 2, the United States are scheduled to publish the monthly employment data sets. At
The EUR/USD has passed below the 1.0700 mark, which previously acted as support. In general, the pair has reached levels not seen since March, as the US Dollar continues to gain value. Economic Calendar Analysis On June 1, watch the US ISM Manufacturing Purchasing Managers Index release at 14:00 GMT. On June 2, the United States are scheduled to publish the monthly
During the past trading sessions, gold has been finding support in the 1,940.00 mark. Meanwhile, resistance appears to be provided by the 50-hour simple moving average not the 1,952.00/1,955.00 range or the 1,950.00 mark. On Monday, the 50-hour SMA was located near 1,945.00. Economic Calendar Analysis Watch for the US ISM Manufacturing PMI on Thursday at 14:00 GMT and the Friday's release
The surge of the US Dollar against the Japanese Yen continues. On Monday morning, the rate attempted to reach the 141.00 mark, before retracing back down to the support of the 50-hour simple moving average near 140.15. Economic Calendar Watch for the US ISM Manufacturing PMI on Thursday at 14:00 GMT and the Friday's release of the US Unemployment data at 12:30
On Friday, the GBP/USD bounced off the resistance zone at 1.2390/1.2395 and the 100-hour simple moving average. However, the decline was actually caused by fundamental events. The US PCE Inflation data caused a surge of the value of the US Dollar. On Monday, the pair found resistance in the 100-hour simple moving average and support appeared to be provided by
The EUR/USD has recently encountered resistance near 1.0760 and found support at 1.0700 level. However, by mid-Monday, the rate was at the same levels as on Thursday and Friday. Economic Calendar Analysis Watch for the US ISM Manufacturing PMI on Thursday at 14:00 GMT and the Friday's release of the US Unemployment data at 12:30 GMT. EUR/USD hourly chart A decline of the pair
The price for gold has ended its broad sideways trading by declining below the 1,955.00 level. Moreover, the following decline reached as low as 1,940.00. However, by mid-Friday, the price had returned and was testing the 1,952.00/1,955.00 range's resistance. Economic Calendar Analysis On Friday, at 12:30 GMT, the Core PCE Price Index is bound to impact financial markets through the US Dollar. Next
As it was forecast, the USD/JPY has finally reached the 140.00 mark. Moreover, on Thursday, the round exchange rate level was passed and the rate traded above it, before retracing back downwards. On Friday, it appeared that the USD/JPY was looking for support in the 139.50 level and the 50-hour simple moving average. Economic Calendar On Friday, at 12:30 GMT, the Core
The GBP/USD declined below 1.2320, but did not reach the 1.2300 mark on Thursday. During the first part of Friday's European trading, the rate had recovered above 1.2360. Economic Calendar On Friday, at 12:30 GMT, the Core PCE Price Index is bound to impact financial markets through the US Dollar. Next week, watch for the US ISM Manufacturing PMI on Thursday at 14:00
The EUR/USD has recently moved upwards to the combined resistance of the 50-hour simple moving average and the weekly S1 simple pivot point at 1.0740. Economic Calendar Analysis On Friday, at 12:30 GMT, the Core PCE Price Index is bound to impact financial markets through the US Dollar. Next week, watch for the US ISM Manufacturing PMI on Thursday at 14:00 GMT and
In general, gold trades between two zones, as the traders expect an outcome to the possible US debt default. Support is provided by the 1,952.00/1,955.00 range. Resistance is encountered at 1,982.00/1,985.00. Meanwhile, short term resistance and support can be encountered n the combination of the 50 and 100-hour simple moving averages near 1,970.00. Economic Calendar Analysis On Thursday, the US Preliminary GDP
The USD/JPY has moved above the 139.00 mark and the weekly R1 simple pivot point at 139.18. The rate's recent surge was caused by the 100-hour simple moving average. Economic Calendar On Thursday, the US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely going to impact the USD. On Friday, at 12:30 GMT, the Core PCE Price Index is
The GBP/USD currency pair shortly traded below the 1.2340 level on Thursday morning. However, the event was followed by a recovery up to the 50-hour simple moving average and the 1.2390/1.2395 zone. Economic Calendar On Thursday, The US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely going to impact the USD. On Friday, at 12:30 GMT, the Core PCE
As the markets switch to the safety of the US Dollar due to a possible US government default, the EUR/USD has continued to decline. By mid-Thursday, the currency pair had passed below the weekly S1 simple pivot point and reached the 1.0720 level. Economic Calendar Analysis On Thursday, The US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely
The price for gold has once again bounced off the 1,955.00 level. On Wednesday morning, the price traded between the 1,970.00 and 1,980.00 level. Note that the 1,970.00 mark was being strengthened by the 50 and 100-hour simple moving averages. Economic Calendar Analysis On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy.
The USD/JPY has continued to fail to reach the 139.00 mark. The recent high levels have been marked as a resistance zone at 138.70/138.90. Economic Calendar On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy. On Thursday, the US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely going
On Tuesday, GBP/USD found support in the weekly S1 simple pivot point at 1.2373 and recovered as high as the 1.2450 mark, before the United Kingdom Consumer Price Index data was released. The inflation data caused an increase of volatility with an initial spike to the resistance zone at 1.2470/1.2485 and a follow up decline that almost reached 1.2400. Economic Calendar On
The EUR/USD has found support in the support zone at 1.0760. On Wednesday, a recovery was taking place and testing the resistance of the 50 and 100-hour simple moving averages near 1.0795. Economic Calendar Analysis On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy. On Thursday, The US Preliminary GDP and Unemployment
The price for gold has bounced off a resistance range at 1,982.40/1,984.00. By mid-Tuesday, the commodity price had reached the 1,951.90/1,954.40 range. Economic Calendar Analysis On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy. On Thursday, the US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely going to
The US Dollar found enough support in the 137.50/137.80 range to resume its surge against the Japanese Yen. During early hours of Tuesday, the pair made an attempt to reach the 139.00 level. Economic Calendar On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy. On Thursday, the US Preliminary GDP and Unemployment