Despite breaking the channel up pattern, the price for gold surged on Monday morning. Namely, at 10:00 GMT, the rate reached the early July resistance zone at 1,771.30/1,773.10. Economic Calendar Analysis On Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the value of the US Dollar. On Friday, one of the top events of the month
The decline of the USD/JPY has continued, as the 134.50 level provided enough resistance for the pair to resume its decline and reach a new low level. Namely, on Monday morning the rate was trading below 132.50 and was expected to reach 132.00.Economic Calendar On Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the value
In the aftermath of high volatility on Friday, the GBP/USD eventually reduce its range of fluctuations and started to trade between the 50-hour simple moving average near 1.2160 and the 1.2200 mark. On Monday morning, the pair broke the resistance of the 1.2200 mark and approached the 1.2250 level. Economic Calendar On Wednesday, the US ISM Services PMI at 14:00 GMT might
On Monday morning, as the month started, the EUR/USD currency pair pierced the last week's high levels near 1.2060. In the meantime, it was spotted that the pair has been moving upwards in a wide channel up pattern since July 27. However, note that the pattern captures both the US Federal Reserve rate hike and the publication of the US
The price for gold has managed to reach above the resistance zone, which surrounds the 1,750.00 level. On Friday morning, the metal reached above the 1,765.00 level. However, during the afternoon hours, a retracement back down occurred. Economic Calendar Analysis Next week, on Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the value of the US
The decline of the USD/JPY currency pair eventually reached the 132.50 level. However, on Friday morning, the 132.50 provided enough support to cause a recovery. By the middle of the day's European trading, the pair had almost recovered to the 134.50 mark. Economic Calendar Next week, on Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the
As the GBP/USD was approaching the 1.2250 mark on Friday, it suddenly started a sharp decline. By the middle of the day's European trading hours, the pair had reached the 1.2100 level. Economic Calendar Next week, on Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the value of the US Dollar. On Thursday, the top event
The EUR/USD currency pair has been highly volatile, as it has been reacting to major US fundamental events throughout the week. Namely, the Fed rate hike and monetary policy announcement together with the US GDP have been creating major moves. In general, the pair has been observed to be fluctuating between the support of the 1.0097/1.0115 zone and resistance at
The press conference of the Chairman of the Federal Reserve Jerome Powell caused a drop of the value of the US Dollar. The event resulted in a surge of the price for gold through the resistance of the 1,735.00/1,740.00 zone. On Thursday morning, the commodity was testing the resistance of the July high levels at 1,743.85/1,752.50. Economic Calendar Analysis Note that on Thursday,
On Wednesday, the value of the US Dollar plummeted despite the US Federal Funds Rate hike. The decline occurred due to comments made by the head of the Federal Reserve that they could ease the future policy of rate hikes. Due to that reason, the USD adjusted to the possible future of a smaller demand for the US currency. On the
The US Federal Funds Rate hike and the following press conference by the Chairman of the Federal Reserve Jerome Powell caused a broad decline of the US Dollar's value. On the GBP/USD currency exchange rate it resulted in a surge above the 1.2150 level. Since the event, the pair has been trading almost sideways in the 1.2150/1.2185 range. Economic Calendar Note that
The EUR/USD currency pair found support in the 1.0100 mark and the weekly S1 simple pivot point at 1.0101. In the aftermath of starting a minor recovery, the EUR/USD surge was boosted by the head of the US Federal Reserve Jerome Powell. Namely, the Chairman's comments during the press conference after the US 0.75% rate hike caused a broad sell off
During the first half of Wednesday's trading hours, the price for gold fluctuated between the support zone at 1,715.00 and the resistance of the 1,725.00 level. Meanwhile, the commodity price was awaiting the US Federal Reserve rate hike, which was scheduled for 18:00 GMT. In general, the rate decision and the monetary policy statement together with the press conference are set
The USD/JPY currency rate's recovery has revealed to have been occurring in a narrow channel up pattern. Meanwhile, the pair has shortly pierced the resistance of the 137.00 mark. However, ignore technical analysis for now, as today, at 18:00 GMT, the US Federal Reserve will hike their base interest rate. Depending on the size of the hike, the US Dollar is
On Tuesday, the GBP/USD was highly volatile, as it bounced off the resistance of the weekly R1 simple pivot point at 1.2087 and plummeted down to the support line and the weekly simple pivot point at 1.1975. Afterwards, a sharp recovery followed. By the middle of Wednesday's trading, the exchange rate had reached back up to the weekly R1 at
At mid-day on Tuesday, the EUR/USD suddenly plummeted below 1.0200, as the rate sharply declined down to the 1.0110 level. Afterwards, a minor recovery started. By the middle of Wednesday's trading, the rate had reached the 1.0160 level. However, ignore technical analysis for now, as today, at 18:00 GMT, the US Federal Reserve will hike their base interest rate. Depending on
Since July 22, the price for gold has been fluctuating around the 1,725.00 level, as the price has been fluctuating in the 1,715.00/1,735.00 range. Economic Calendar Analysis This week, all attention will be paid to the US Federal Reserve Rate Statement on Wednesday at 18:00 GMT. It is set to set the tone for the rest of the central banks and the
During the second half of Monday's European trading hours, the USD/JPY currency exchange rate eventually managed to reach above the 136.50 level. Afterwards, the pair paused at the combination of the weekly simple pivot point and the 50-hour simple moving average near 136.80. During Tuesday's early trading, the pair fluctuated in the 136.30/136.80 range, as it appeared to be trading
At mid-day on Monday, the GBP/USD currency exchange rate managed to reach above the resistance zone, which surrounds the 1.2050 level. Since the event, the rate has been finding resistance in the weekly R1 simple pivot point at 1.2087. Meawnhile, the previous resistance zone was acting as support. Economic Calendar This week, all attention will be paid to the US Federal Reserve
Since the middle of Monday's trading, the EUR/USD appears to have reduced the range of the pair's sideways trading, as the rate has been fluctuating between the 1.0200 and 1.0250 levels. In the meantime, on Tuesday it was observed that the 50 and 100-hour simple moving averages had begun to provide support to the pair. Economic Calendar Analysis This week, all attention
In the aftermath of almost touching the 1,740.00 level, the price for gold declined. On Monday morning, the pair was trading sideways between the 1,720.00 and 1,730.00 levels. Economic Calendar Analysis This week, all attention will be paid to the US Federal Reserve Rate Statement on Wednesday at 18:00 GMT. It is set to set the tone for the rest of the
The USD/JPY currency pair has declined below the support of the 136.50 mark. Moreover, the rate has shortly traded below 136.00. On Monday morning, the pair retraced back up and was testing the 136.50 level as resistance. Economic Calendar This week, all attention will be paid to the US Federal Reserve Rate Statement on Wednesday at 18:00 GMT. It is set to
The GBP/USD started the week's trading by fluctuating between the 1.1960 and 1.2000 levels. Meanwhile, the rate was observed to be ignoring the weekly simple pivot point at 1.1975 and the 50 and 100-hour simple moving averages. Economic Calendar This week, all attention will be paid to the US Federal Reserve Rate Statement on Wednesday at 18:00 GMT. It is set to
Throughout Friday, the EUR/USD fluctuated between the 1.0150 and 1.2050 levels, despite shortly piercing them. On Monday morning, the pair was trading near the 1.0200 level. In the meantime, it was spotted that the rate was not being impacted by the weekly simple pivot point at 1.0190 and the 50 and 100-hour simple moving averages. Economic Calendar Analysis This week, all attention