Gold was declining at mid-day on Thursday until suddenly a sharp surge occurred just after 12:00 GMT. The European Central Bank monetary policy statement at 12:15 was blamed for the move. Namely, the ECB revealed that it is hiking interest rates, but has invented a new tool, which basically amounts to a government bond buying bail out tool. Namely, inflation
On Thursday, the US Dollar failed to reach the resistance of the 139.00 mark. At mid-day, the pair started a decline, which by midnight had reached the 137.00 level. The 137.00 level acted as support and caused a surge. During the early hours of Friday's trading, the pair had reached a cluster of resistance levels at 138.00. The cluster was
Since the middle of Wednesday's European trading hours, the GBP/USD has been trading between the 1.1900 and 1.2000 mark. Meanwhile, it appears that the pair is shortly impacted by the 1.1950 level and the 1.1960/1.1970 zone, which previously acted as support. Economic Calendar Note the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might be impacted
As the European Central Bank hiked interest rates more than expected, the Euro surged and immediately tested the 1.0270/1.0280 zone. However, the bank revealed a new central bank tool, which in essence is another way of doing quantitative easing. Namely, the bank initially revealed that it would tighten the supply of the Euro via a 0.5% interest rate and then
During the second part of Wednesday's trading hours, the price for gold declined below the 1,697.40/1,700.70 zone. During the first half of Thursday's trading, the price was steadily declining, as by 09:00 GMT the 1,685.00 level was reached. Economic Calendar Analysis On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might
During the early hours of Thursday's European trading, the USD/JPY currency pair reached above the 138.50 mark, as it continued its recovery that was started on Tuesday. Economic Calendar On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might be impacted through the USD value reacting to the publication. Hourly Chart The
The resistance zone, which is located near the 1.2050 mark, has held and caused a decline to the range at 1.1960/1.1970 and the 2019 low level. However, during the early hours of Thursday's European trading hours the rate appeared to be passing below the support zone. Economic Calendar On Friday, the pair might react to the publication of the UK monthly retail
The resistance of the 1.2070/1.2080 zone managed to hold and cause a decline, which eventually resulted in the EUR/USD declining below the 1.0200 mark. Economic Calendar Analysis This week, the EUR/USD is set to react to the European Central Bank Monetary Policy Statement release on July 21, Thursday, at 12:15 GMT. On Friday, the pair might react to two data releases. First
Throughout this week, the price for gold has continued to trade near the 1,710.00 level throughout this week. The future scenario forecasts remain unchanged. Economic Calendar Analysis On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might be impacted through the USD value reacting to the publication. XAU/USD short-term forecast In the
The USD/JPY eventually passed below the support zone at 137.70/137.90. However, support was almost immediately found in the combination of the 137.50 level and the 200-hour simple moving average. The event resulted in a recovery above 138.00. During the early hours of Wednesday's trading hours, the pair was fluctuating between the weekly simple pivot point at 137.90 and the resistance of
Since the middle of Tuesday's trading hours, the currency pair has been testing a resistance zone at 1.2035/1.2055. In the meantime, minor support appeared to be found in the 1.2000 mark. Economic Calendar On Friday, the pair might react to the publication of the UK monthly retail sales data at 06:00 GMT. Afterwards, note the US Markit Services and Manufacturing Purchasing Managers
The EUR/USD managed to reach above the 1.0190/1.0220 zone and the 1.2050 mark. Resistance was eventually found in the 1.2070/1.2080 zone. Afterwards, a decline to the 1.2020 level occurred and the previous resistance became support. During early Wednesday's trading, the pair was fluctuating between the 1.0220 and 1.0250 levels. Economic Calendar Analysis This week, the EUR/USD is set to react to the
During Monday's trading, the price for an ounce of gold made an attempt to approach the 1,725.00 mark and failed. By the start of Tuesday's trading, the currency exchange rate was located near the 1,705.00/1,710.00 zone. In general, previous forecasts remain valid. Economic Calendar Analysis On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45
On Tuesday morning, the USD/JPY currency exchange rate was looking for support in the 137.70/137.90 zone. The rate had been testing the zone since early Monday's trading. Due to that reason, the future forecast scenarios remained unchanged. Economic Calendar On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might be impacted
The GBP/USD broke the resistance zone at 1.1960/1.1970 and the weekly R1 simple pivot point at 1.2012. However, the surge did not reach the 1.2050 mark, as it stopped and reversed near 1.2030. On Tuesday morning, the retracement down found support at 1.1925. Economic Calendar This week, the GBP/USD rate is set to react to a number of events. First of all
On Monday, the EUR/USD currency pair reached the resistance zone at 1.0190/1.0220 and the weekly R1 simple pivot point at 1.0193. However, it can be spotted that it was the 1.0200 mark, which stopped and reversed the surge of the pair. The event resulted in the rate declining and finding support in the 1.01200 level. Economic Calendar Analysis This week, the EUR/USD
The price for an ounce of gold has found support in the 1,697.40/1,700.70 range. The support was enough to cause a price recovery. By the middle of Monday's trading hours, the rate had encountered resistance in the 1,720.00 mark and the 100-hour simple moving average. Economic Calendar Analysis On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index
The USD/JPY currency pair booked a new high level at 139.39, before starting a consolidating decline. By the middle of Monday's trading hours, the rate had reached the combined support of the 100-hour simple moving average near 138.00, the weekly simple pivot point at 137.90 and the previous high level zone at 137.70/137.90. Economic Calendar On Friday, take into account the US
On July 14, the GBP/USD rate marked a new low level at 1.1760. Since the event, the pair has been recovering. On July 18, the currency rate had reached back up to the 1.1960/1.1970 zone, which marks the last week's high levels. Economic Calendar This week, the GBP/USD rate is set to react to a number of events. First of all note
Since reaching parity and declining as low as the 0.9960 level on July 14, the EUR/USD currency pair began a recovery. By the middle of July 18 European trading hours, the currency pair had reached the 1.0150 mark. Economic Calendar Analysis This week, the EUR/USD is set to react to the European Central Bank Monetary Policy Statement releae on July 21, Thursday,
In general, the situation on gold price charts has not changed. However, there are minor updates to note. Namely, the pair has revealed that there is a resistance zone below the 1,750.00 mark, at 1,747.50/1,748.85. Economic Calendar Analysis On Friday, the United States are scheduled to release their monthly employment data at 12:30 GMT. Expect the data release to consist of the
Throughout July, the USD/JPY currency pair has been trading between the support of the 134.75/134.80 and 136.28/136.38 zones. I Since mid-day on Wednesday, the USD/JPY appeared to have found additional support in the 135.00 level. Meanwhile, the 136.00 level did not appears to be capable of acting as notable resistance. In the meantime, the 50, 100 and 200-hour simple moving averages
On Thursday, the GBP/USD currency rate extended its surge, as it eventually reached the 1.2050 level. The 1.2050 mark was enough to cause a decline, which by the middle of Friday's European trading hours had reached below 1.1950. In the meantime, the pair appeared to have found resistance in the 1.1960 level, which marks the 2019 low level. Economic Calendar On Friday,
The EUR/USD has continued to decline, as the resistance of the 50-hour simple moving average was enough to cause a move below the 1.0150 mark. On Friday morning, the pair passed below the support of the round exchange rate level and plummeted to the support of the weekly S3 simple pivot point at 1.0074. In the meantime, the pair has revealed