On Thursday, the EUR/USD currency exchange rate reacted to the ECB announcement of reducing stimulus with a surge. The rate shortly reached above the 1.1100 mark, before declining. By the start of the days US trading at 14:30 GMT, the rate had reached the support of the 1.1000 mark. In addition, support was being provided by the weekly simple pivot
The price for gold has reached the 2020 high level zone at 2,050.00/2,075.00. The zone acted as resistance and caused a decline on Wednesday. Namely, the bullion's price retraced and almost reached the 2,000.00 level. Meanwhile, the support of the 50-hour simple moving average managed to hold for only one hour. Economic Calendar Analysis On Thursday, at 13:30 GMT, the US Consumer Price
At midnight to Wednesday, the US Dollar passed the resistance zone of the late February and early March high level at 115.70/115.80 against the Japanese Yen. Afterwards, the pair confirmed the zone as support and resumed its surge. A potential target for the rate could be the 116.00 level. Meanwhile, it was spotted that the currency pair has been surging
On Wednesday, the GBP/USD ended trading above the support zone at 1.3084/1.3100 and surged. By the middle of the day's European trading hours, the currency exchange rate was heading to the 1.3200 mark. Note that the 1.3200 level was being strengthened by the 100-hour simple moving average. Economic Calendar On Thursday, at 13:30 GMT, the US Consumer Price Index and Core Consumer
On Wednesday morning, the EUR/USD currency exchange rate clearly passed the resistance of the 1.0950 level and the 100-hour simple moving average. However, resistance was almost immediately encountered in the form of the weekly simple pivot point at 1.0995 and the 1.1000 mark. Economic Calendar Analysis On Thursday, at 12:45 GMT the European Central Bank will release its Main Refinancing Rate. However,
Despite shortly reaching below the support of the 1,975.00 mark on Monday, the metal surged on Tuesday and reached the 2,020.00 level. From a technical analysis perspective, the yellow metal's surge was attributed to the approaching support of the 50-hour simple moving average. During the mid-hours of Tuesday's trading, the price bounced off the 2,020.00 mark and confirmed the 2,000.00 level
The USD/JPY managed to pass the combined resistance of the 50, 100 and 200-hour simple moving average at 115.25. Afterwards, the SMAs began to act as support and caused a surge. By the middle of Tuesday's European trading hours, the currency pair had reached the 115.70/115.80 zone, which captures the late February high levels. Economic Calendar On Thursday, at 13:30 GMT, the
Since Monday, the GBP/USD currency exchange rate has been trading between the support of the 1.3100 mark and the resistance of the weekly S1 simple pivot point at 1.3131. However, during the early hours of Tuesday's trading the rate had shortly reached below the 1.3100 mark, which indicates that the pair could soon decline. Economic Calendar On Thursday, at 13:30 GMT, the
Since late Friday's trading hours up to the middle of Tuesday's trading, the EUR/USD has been trading between the support of the zone at 1.0807/1.0822 and the resistance at 1.0924/1.0942. In the meantime, on Tuesday, the pair was finding support in the 1.0850 level. Economic Calendar Analysis On Thursday, at 12:45 GMT the European Central Bank will release its Main Refinancing Rate.
The price for gold jumped on Monday, as the price shortly reached above the 2,000.00 mark and revealed a resistance zone. Meanwhile, the prior February high level at 1,975.00 appeared to be acting as support. The bullion is expected to consolidate between 1,975.00 and 2,000.00 levels. In the meantime, note that the price broke the post Russian invasion of Ukraine channel
The sharp Friday's drop of the USD/JPY currency rate ended at the 114.65 level. Afterwards, a recovery started, which by the middle of Monday's trading hours had reached the combination of the 50, 100 and 200-hour simple moving averages at 115.25. Economic Calendar On Thursday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price Index data is set to
Prior to mid-day on Monday, the GBP/USD currency exchange rate passed below the December low level zone at 1.3162/1.3175. However, support appeared to have been almost immediately found in the 1.3150 mark. Economic Calendar On Thursday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price Index data is set to be released together with the US Unemployment Claims. Namely,
The decline of the EUR/USD currency exchange rate continues, as on Monday morning the rate approaches the 1.0800 mark. Meanwhile, the pair had passed below the support of the channel down pattern, which has guided the rate since early 2021. Economic Calendar Analysis On Thursday, at 12:45 GMT the European Central Bank will release its Main Refinancing Rate. However, the event is
As the price for gold had no technical resistance and the simple moving averages were approaching from below, a global fundamental run to safety gave enough strength to the price to pass the 1,950.00 mark. Namely, at mid-day on Friday, the commodity price surged above the 1,950.00 mark and by 16:00 GMT the metal was above 1,960.00. Economic Calendar Analysis On Thursday,
At mid-day on Friday, the USD/JPY currency exchange rate passed below the combined support of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 115.24/115.29. The rate declined in a sharp drop, which by 16:00 GMT was approaching the support of the weekly S1 simple pivot point at 114.74. The pivot point acted as support
Due to an ongoing run to safety, the value of the US Dollar has surged. As a result of the event, the GBP/USD currency exchange rate has declined. By 16:00 GMT on Friday, the pair was approaching the 1.3200 level. Economic Calendar On Thursday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price Index data is set to be
Due to an ongoing run to safety, the markets have rallied the US Dollar to levels not seen since 2020. On the EUR/USD charts it has resulted in a drop below the 1.1000 mark. Moreover, the round level did not even act as support, as by the start of Friday's US trading hours, the rate had reached the 1.0900 level. Meanwhile,
On Wednesday, the price for the yellow metal eventually found support in the zone at 1,913.50/1,922.00. The zone was strengthened by the 100-hour simple moving average in the zone and the approaching 200-hour SMA and the lower trend line of the channel up pattern, which has guided the commodity price since the start of the Russian invasion of Ukraine on
The USD/JPY bounced off the resistance of the post Ukraine invasion high level zone for the third time on Thursday. By the end of the day's US trading hours at 21:00 GMT, the pair had retraced to the support of the 50 and 100-hour simple moving averages near 115.30/115.40. In addition, the 200-hour simple moving average and the weekly simple pivot
On Thursday morning, the GBP/USD currency pair reversed its direction even before reaching the week's high levels and the weekly simple pivot point at 1.3428. By the end of the day's US trading hours, the rate had declined below the 50 and 100-hour simple moving averages near 1.3350 and 1.3375 levels. Economic Calendar The week's most notable event will close the
During the late hours of Thursday's trading, the Euro declined below the support of the weekly S1 simple pivot point and the 1.1050 mark against the US Dollar. The resistance of the 50-hour simple moving average had pushed the pair down. However, additional pressure downwards was provided by the 100-hour SMA and the resistance of the 1.1100 mark. Economic Calendar Analysis The
The yellow metal has clearly passed the resistance zone at 1,913.50/1,922.00, surged and confirmed the existence of a channel up pattern and retraced back down to the mentioned zone to confirm it as support. Economic Calendar Analysis On Thursday, the US Unemployment Claims might create a minor move of the USD at 13:30 GMT. Later on, expect the US ISM Services PMI
On Tuesday, the USD/JPY currency pair found support in the weekly S1 simple pivot point at 114.74. The pivot point's support and the 114.80 mark held out for eleven hours, before a surge started. During the first half of Wednesday's trading, the pair had passed above the resistance of the 50, 100 and 200-hour simple moving averages and the weekly
On Tuesday, the squeeze of the GBP/USD currency exchange rate between the 50 and 100-hour simple moving averages resulted in a break-out downwards. During the early hours of Wednesday's trading, the pair found support in the February low level at 1.3275. By the start of the days US trading at 14:30 GMT, the rate had recovered and touched the 1.3330 level.