The fundamental drop of the US Dollar on Tuesday resulted in the USD/JPY currency exchange rate declining to the 136.00 level. Afterwards, a failed recovery found resistance in the 137.00 mark. During Wednesday's European morning hours, the currency pair had returned to the 136.00 level. Economic Calendar On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is set to cause
At mid-day on Tuesday, weakness of the US Dollar caused a surge of the GBP/USD currency exchange rate. The rate shortly traded above the 1.1850 mark, before declining. On Wednesday morning, the pair found support in the 50-hour simple moving average and the 1.1800 mark. Economic Calendar On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is set to cause
On Tuesday, the Euro suddenly sharply recovered against the US Dollar and even reached above parity. However, the rate bounced off the 1.0020 level and resumed its decline. On Wednesday morning, the pair was fluctuating near the 0.9950 level. In the meantime, the 50-hour simple moving average had caught up with the rate and was acting as resistance. Economic Calendar Analysis On
The price for gold has found support in the 1,730.00 level and recovered. By the middle of Tuesday's European trading hours, the price had reached the resistance of the 50-hour simple moving average near 1,742.50. Economic Calendar Analysis At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US Dollar. On Thursday,
The USD/JPY currency exchange rate has ended trading around the 137.00 mark by surging above the 137.50 level. In the meantime, on Tuesday morning, the pair was reached from below by the support of the 50-hour simple moving average. Economic Calendar At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US
The GBP/USD has passed the July low level at 1.1760 and the 1.1750 mark. On Tuesday morning, the pair reached the 1.1720 level. Meanwhile, the rate was being approached by the 50-hour simple moving average from the above. Economic Calendar At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US Dollar.
The decline of the EURUSD pair has clearly passed below the 0.9950 mark. On Tuesday morning, the EUR/USD was trading between the support of the 0.9900 mark and the 0.9950 level as resistance. Economic Calendar Analysis At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US Dollar. On Thursday, at 12:30
On Monday morning, the price for gold passed below the 1,745.00/1,755.00 zone. By the middle of the day, the rate had reached the 1,730.00 level. Economic Calendar Analysis At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US Dollar. On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is
Since the middle of Friday's trading, the USD/JPY has been fluctuating around the 137.00 mark in the range between 136.70 and 137.40. Economic Calendar At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US Dollar. On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is set to cause a
The Pound has declined in value, compared to the US Dollar, as the rate has extended its last week's decline. On Monday, the pair shortly reached below the 1.1800 level. Economic Calendar On Tuesday, at 08:30 GMT, the Pound's value is scheduled to react the publication of the UK Flash Manufacturing and Services Purchasing Managers Indices. At 13:45 GMT, the US Flash Services
On Monday morning, the EUR/USD currency pair reaches parity and even fluctuated below the 1.0000 mark. By the middle of the day's trading, the rate had returned and fluctuated above 1.0000. Economic Calendar Analysis This week, the markets are looking forward to the European Purchasing Managers Indices that are set to be published on Tuesday starting from 07:15 up to 07:30 GMT.
At mid-day on Wednesday, the price for Gold reached the 1,765.00 level, which was marked on the chart due to acting as support on August 5. Economic Calendar Analysis At 18:00 GMT on Wednesday, the US Federal Reserve Meeting Minutes are bound to be published. The details included in the document might be the reason for a USD move. XAU/USD short-term forecast
At mid-Wednesday the USD/JPY currency pair reached above the 135.00 mark and the upper trend line of the channel up pattern. Almost immediately after the event, the pair approached the combined resistance of the 134.35/134.55 zone and the weekly R1 simple pivot point at 135.40. In the meantime, the pair was set to be moved by the US FOMC Meeting Minutes
On Wednesday morning, the GBP/USD reached above the 1.2100 mark. However, after a failed attempt at reaching 1.2150, the currency pair began to trade around the 1.2100 level. In general, the pair reacted to the UK higher than forecast inflation data, which caused the sure. Namely, higher inflation means more monetary tightening and a smaller supply of the GBP, which results
Since the surge at mid-day on Tuesday, the EUR/USD appeared to be waiting for this week's fundamental events. Namely, the US FOMC Meeting Minutes were expected to cause a USD move, which would impact all of financial markets. Economic Calendar Analysis At 18:00 GMT on Wednesday, the US Federal Reserve Meeting Minutes are bound to be published. The details included in the
Since the middle of Monday's trading up to mid-Tuesday, the price for gold made attempts at passing the combined resistance of the 1,785.00 mark, the 1,785.00/1,788.00 zone and the 50, 100 and 200-hour simple moving averages. At mid-day on Tuesday, it appeared that the metal had failed, as it declined below 1,775.00. In general, future scenarios remain unchanged. Economic Calendar Analysis On Wednesday,
On Tuesday morning, the US Dollar manged to pass the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 133.57 against the Japanese Yen. By the start of the days US trading, the pair had reached above the 134.50 level and the 134.35/134.55 zone. In the meantime, it was spotted that the rate's
The GBP/USD broke the channel down pattern, before it even approached the 1.2000 mark. Due to that reason, the pair's decline could be considered over. Meanwhile, during Tuesday's trading hours, the pair fluctuated in the 1.2010/1.2060 range. Economic Calendar Wednesday is set to be the top day for GBP/USD traders. In the morning, at 06:00 GMT, the UK Consumer Price impact is
The decline of the Euro against the US Dollar has continued, as on Tuesday the pair reached the support of the 1.0123 level, which appeared to be once again impacting the rate. Meanwhile, it was spotted that the rate has been declining in a narrow channel down pattern. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core
The price for gold started the week with a decline below the 1,785.00 level and the zone which captures last week's low levels, and the 200-hour simple moving average. By the middle of the day's European trading, the commodity price had reached the 1,775.00 level. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales data
The USD/JPY currency pair has revealed that it is respecting the resistance of the 100-hour simple moving average and the support of the 50-hour SMA. On Monday morning, the pair traded near the 133.50 level. Economic Calendar On Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales data is set to impact the rate through the value of the
The Pound has been losing value, compared to the US Dollar, in a channel down pattern since bouncing off the 1.2250 level on Thursday. Buy the middle of Monday's European trading, the price had reached the 1.2050 level. Economic Calendar Wednesday is set to be the top day for GBP/USD traders. In the morning, at 06:00 GMT, the UK Consumer Price impact
On Monday morning, the EUR/USD extended its decline, as the pair passed the support of the 100 and 200-hour simple moving averages near 1.0270 and 1.0230. By the middle of the day's European trading hours, the rate was below 1.0200. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales data is set to impact the
The price for gold appears to be waiting for the US inflation data releases that are scheduled for this week on Wednesday at 12:30 GMT and Thursday at 12:30 GMT. During Tuesday's trading hours, the price of the commodity fluctuated around the 1,790.00 mark. Economic Calendar Analysis This week, the top event for all markets will be the US Consumer Price Index