On Monday morning, the yellow metal passed the support of the channel up pattern, which had guided the rate since June 29. Moreover, the 55 and 100-hour simple moving averages failed to provide the rate with support. However, the price found support in the 1,800.00 level. Economic Calendar Analysis On Tuesday, the US Consumer Price Index at 12:30 GMT is
On Monday, the USD/JPY recovery reached above the 110.00 mark. However, the rate encountered resistance at 110.29 where the weekly simple pivot point and the 100-hour simple moving average were located at. Economic Calendar On Tuesday, the US Consumer Price Index at 12:30 GMT is expected to impact all USD traded assets and currency pairs. On Wednesday, the US
During the early hours of this week's trading, the GBP/USD currency exchange rate bounced off the resistance of a zone that surround the 1.3900 level. By the middle of Monday's trading, the rate was expected to look for support near the 1.3850 level. Economic Calendar On Tuesday, the US Consumer Price Index at 12:30 GMT is expected to impact all USD
At mid-day on Friday, the EUR/USD passed the resistance zone above the 1.1860 level and the 200-hour simple moving average. By doing so the rate passed the last technical resistance up to the 1.1923 level where the weekly R1 simple pivot point is located at. Economic Calendar Analysis This week, on Tuesday, at 12:30 GMT the US Consumer Price
The yellow metal plunged by 208 pips or 1.14% against the US Dollar on Thursday. The decline was stopped by the 100– hour simple moving average during Thursday's trading session. Economic Calendar Analysis On Friday, the US Fed Monetary Policy Report at 2:00pm GMT could cause a minor move on USD pair and commodity price charts. Click on the link below
Downside risks pressured the US Dollar lower against the Japanese Yen on Thursday. AS a result, the USD/JPY currency pair fell by 112 pips or 1.01% during Thursday's trading session. Economic Calendar On Friday, the US Final Wholesale Inventories at 2:00pm GMT could cause a minor move on USD pair and commodity price charts. Click on the link below
On Thursday, the British Pound fell by 51 pips or 0.36% against the US Dollar. The currency pair was pressured lower by the 55– hour simple moving average during Thursday's trading session. Economic Calendar On Friday, the BOE Gov Bailey Speaks at 10:00 GMT could cause some move on GBP pair and commodity price charts. Click on the link below
Upside risks dominated the EUR/USD currency pair on Thursday. As a result, the common European currency rose by 77 pips or 0.65% against the US Dollar during Thursday's trading session. Economic Calendar Analysis On Friday, the Canadian Employment Change and unemployment rate at 12:30 GMT could cause a minor move the pair and commodity price charts. Click on the link
The yellow metal has declined by 107 pips or 0.59% against the US Dollar on Wednesday. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session. Economic Calendar Analysis On Thursday, the US Unemployment Claims at 12:30 GMT could cause a minor move on USD pair and commodity price charts. Click on the link below
The US Dollar rose by 36 pips or 0.32% against the Japanese Yen on Wednesday. The surge was stopped by the 55– hour simple moving average during Wednesday's trading session. Economic Calendar On Thursday, the US Unemployment Claims at 12:30 GMT could cause a minor move on USD pair and commodity price charts. Click on the link below to find
The British Pound declined by 62 pips or 0.45% against the US Dollar on Wednesday. The currency pair pierced the support level at 1.3774 during yesterday's trading session. Economic Calendar On Thursday, the US Unemployment Claims at 12:30 GMT could cause a minor move on USD pair and commodity price charts. Click on the link below to find out more about
The Eurozone single currency declined by 41 pips or 0.35% against the US Dollar on Wednesday. The EUR/USD currency pair breached the weekly support level at 1.1801 during Wednesday's trading session. Economic Calendar Analysis On Thursday, the US Unemployment Claims at 12:30 GMT could cause a minor move on USD pair and commodity price charts. Click on the link below to
On Tuesday, the yellow metal edged lower by 196 points or 1.08% against the US Dollar. The decline was topped by the 55– hour simple moving average during Tuesday's trading session. Economic Calendar Analysis On Wednesday, at 18:00 GMT, the Federal Open Market Committee is set to publish its Meeting Minutes. Note that it will be just the meeting minutes for
On Tuesday, the US Dollar fell by 41 pips or 0.37% against the Japanese Yen. The 200– hour simple moving average pressured the currency pair lower during yesterday's trading session. Economic Calendar On Wednesday, at 18:00 GMT, the Federal Open Market Committee is set to publish its Meeting Minutes. Note that it will be just the meeting minutes for the
On Tuesday, the British Pound declined by 116 pips or 0.84% against the US Dollar. The exchange rate breached the 55-, 100 and 200– hour SMAs during Tuesday's trading session. Economic Calendar On Wednesday, at 18:00 GMT, the Federal Open Market Committee is set to publish its Meeting Minutes. Note that it will be just the meeting minutes for the previous
On Tuesday, the common European currency fell by 82 pips or 0.69% against the US Dollar. The currency pair was pressured lower by the 200– hour simple moving average during yesterday's trading session. Economic Calendar Analysis On Wednesday, at 18:00 GMT, the Federal Open Market Committee is set to publish its Meeting Minutes. Note that it will be just the meeting
The XAU/USD exchange rate has been trading in a narrow ascending channel pattern since June 30. The yellow metal surged by 100 points during Monday's trading session. Economic Calendar Analysis On Tuesday, the US ISM Services Purchasing Managers Index release at 14:00 GMT could cause a minor move on USD pairs. However, note that during most times the event does not cause
The US Dollar declined by 35 pips or 0.31% against the Japanese Yen on Monday. The currency pair breached the 55-, 100– and 200– hour SMAs during yesterday's trading session. Economic Calendar On Tuesday, the US ISM Services Purchasing Managers Index release at 14:00 GMT could cause a minor move on USD pairs. However, note that during most times the event
The British Pound edged higher by 43 pips or 0.31% against the US Dollar on Monday. The currency pair breached the 200– hour simple moving average at 1.3859 during Monday's trading session. Economic Calendar On Tuesday, the US ISM Services Purchasing Managers Index release at 14:00 GMT could cause a minor move on USD pairs. However, note that during most times the
The DUK+/EUR currency exchange rate stands at a sell order wall at 3.5100. The rate has not been above it since the start of March 2021. Although, the pair has conducted various dips downwards, as sellers give in and reduce the asking price. However, on July 6, there was a clear lack of bid orders, as the closest by pending
The common European currency surged by 26 pips or 0.22% against the US Dollar on Monday. The surge was stopped by the weekly pivot point at 1.1873 during Monday's trading session. Economic Calendar Analysis On Wednesday, at 18:00 GMT, the Federal Open Market Committee is set to publish its Meeting Minutes. Note that it will be just the meeting minutes for the
Despite the volatility caused by the publication of the monthly US employment data, the yellow metal's price continues to surge in the borders of a channel up pattern. However, it was spotted on Monday that the 1,795.00 level was providing the price with resistance. Economic Calendar Analysis On Tuesday, the US ISM Services Purchasing Managers Index release at 14:00 GMT could cause
The USD/JPY failed to pass the resistance zone above the 111.60 level. Moreover, during the last attempt to reach higher, the rate was beat down by fundamental news. Namely, worse than expected US employment data was released on Friday at 12:30 GMT. By the middle of the day's European trading hours, the rate had extended its decline and reached the
On Friday, at 12:30 GMT, the US statisticians published monthly employment data, which caused a decline of the US Dollar. The initial decline was followed up by an extension of the fall of the value of the US Dollar. On the GBP/USD charts it resulted in a move upwards. By the middle of Monday's trading hours, the rate had reached the