On Tuesday, the yellow metal did not find support in the 55-hour simple moving average near 1,830.00. Instead, the price declined to the 1,818.20 level. The event confirmed that the 1,812.80/1,818.20 zone could provide support in the future. Economic Calendar Analysis The metal's price could move due to the US CPI on Wednesday at 12:30 GMT. On Friday, the US Retail Sales
The support of the 50.00% Fibonacci retracement level at 108.35 held and caused another surge to the technical levels near 109.00. During the early hours of Wednesday's trading, the pair had reached the resistance of the weekly simple pivot and the 100-hour simple moving average at 108.90. Economic Calendar The rate could move due to the US CPI on Wednesday at
Since the middle of Monday, the GBP/USD has traded in a 50 pip range between two zones. From the above, resistance is provided by the 1.4160/1.4170 zone. In the meantime, support is found in the 1.4100/1.4110 zone. Economic Calendar The rate could move due to the US CPI on Wednesday at 12:30 GMT. The pair has moved from 14.8 to 35.6
The EUR/USD failed at its third attempt to break the resistance of the 1.2175/1.2180 zone. It resulted in a decline, which passed the support of the 55-hour simple moving average near 1.2150. During the early hours of Wednesday's trading hours, the currency exchange rate found support in the 100-hour simple moving average near 1.2110. Economic Calendar Analysis The rate could move due to
The DUK+/EUR currency exchange rate has returned to the 3.5100 level, where the wall of sell orders remains intact. Namely, there were orders to sell 10,510.41 coins for the asking price of 3.5100 price. Daily Candle Chart Note that SMAs and pivot points are useful in a market that is trending in larger or smaller waves either up or down. In
Since the Friday's surge, the yellow metal's price has been trading below the resistance of the 1,845.00 level. On Tuesday, the metal's price was being approached from below by the 55-hour simple moving average. Economic Calendar Analysis The metal's price could move due to the US CPI on Wednesday at 12:30 GMT. On Friday, the US Retail Sales and Core Retail Sales
After making three attempts to pass the 109.00 level, on Tuesday, the USD/JPY remained below this level. Due to the strength of the resistance of the 109.00 level and the additional strength of the 100 and 200-hour simple moving averages, the pair was expected to decline. Economic Calendar The rate could move due to the US CPI on Wednesday at 12:30 GMT.
The surge of the GBP/USD paused at the 1.4150 level during the second part of Monday's trading hours. Since then, up to the middle of Tuesday's trading, the rate had been fluctuating sideways below the mentioned round exchange rate mark. Economic Calendar On Wednesday, the UK Preliminary GDP is set to be published at 06:00 GMT. This event has caused moves
During late Monday's trading hours, the EUR/USD currency exchange rate declined to the support of the 55-hour simple moving average below the 1.2150 mark. On Tuesday, the currency exchange rate had recovered, as it once again approached the resistance of the 1.2175/1.2180 zone. Economic Calendar Analysis The rate could move due to the US CPI on Wednesday at 12:30 GMT. The pair
The yellow metal's price has extended its surge. The move upwards was fueled by the weakness of the US Dollar, which was caused by the worse than expected US labour data. Economic Calendar Analysis The metal's price could move due to the US CPI on Wednesday at 12:30 GMT. On Friday, the US Retail Sales and Core Retail Sales at 12:30 GMT
On Friday, May 7, the USD/JPY experiences a sharp drop at 12:30 GMT. The move was caused by the worse than forecast US labour data. The rate suffered a 81 pip drop. However, by the middle of Monday's trading hours, the pair had recovered back to the 109.00 level, where it encountered resistance. Economic Calendar The rate could move due to
Since the middle of Friday's GMT trading hours, the GBP/USD currency exchange rate has reached above the 1.4100 level, as it had gained more than 1.50%. Economic Calendar On Wednesday, the UK Preliminary GDP is set to be published at 06:00 GMT. This event has caused moves from 8.4 to 23.6 pips since February 2020. The November and February moves have
Since reaching the 1.2175 mark on Friday, the EUR/USD currency exchange rate has traded below it. Economic Calendar Analysis The rate could move due to the US CPI on Wednesday at 12:30 GMT. The pair has moved from 8.7 to 27.5 pips on the release. Note that the lesser moves occurred, when the market forecast was hit. On Friday, the US Retail
As soon as the yellow metal's price passed the resistance of the 1,800.00 level, the price jumped by 0.80%. By the middle of Friday's trading, the price had reached the 1,820.00 level. Economic Calendar Analysis On Friday, the release of the US Employment data could impact the price for gold through the value of the US Dollar. Next week, the metal's price could
During early Friday's trading hours, the USD/JPY shortly pierced the support of the 109.00 level and the 200-hour simple moving average. However, support was provided by the May 3 low level zone of 108.90/108.95. By the middle of Friday's trading, the rate was fluctuating between the support of the 109.00 level and the 200-hour simple moving average and the resistance
The GBP/USD currency exchange rate made a short term surge above the 1.3920/1.3930 zone. The rate bounced off the 1.3940 level and retreated to the 1.3860 level, which provided support. The volatility is attributed to the announcement of the Bank of England that it would stick to its monetary policy. Initially, a 30 pip move down occurred, which was followed
Since the middle of Thursday's trading session, the EUR/USD has been trading below the resistance of the 1.2070 level. In the meantime, the rate almost fully ignored the resistance of the 200-hour simple moving average and the weekly simple pivot point near 1.2060. Economic Calendar Analysis The EUR/USD could move this week due to the Friday's release of US employment data. At
The support of the zone just above the 1,770.00 level was enough for the metal's price to surge above the 55, 100 and 200-hour simple moving averages. By the middle of Thursday's European trading hours, the price was heading to the resistance of the 1,800.00 mark. Economic Calendar Analysis On Friday, the release of the US Employment data could impact the price for
At mid-day on Thursday, the USD/JPY broke the support of the channel up pattern, which had guided the rate since late April. In the near term future, the rate was expected to reach the support of the 109.00 level, which had been impacting the rate throughout the recent history. Economic Calendar The USD/JPY could react to the release of the US
The resistance zone above the 1.3923 level held out. During the early hours of Thursday's trading, the GBP/USD rate had passed the support of the trend line, which pushed the rate up during this week. At mid-day, it was spotted that the rate was finding short term support in the 55, 100 and 200-hour simple moving averages. Economic Calendar On Thursday,
The zone from the 1.2000 mark to the 1.1985 level managed to provide the EUR/USD currency exchange rate with enough support for the rate to surge. By the middle of Thursday's European trading hours, the rate had reached above the resistance of the 55 and 100-hour simple moving averages. In the near term future, the pair could reach the resistance of
After testing the 1,800.00 level's resistance on Tuesday, the yellow metal declined. On Wednesday, the price was fluctuating almost sideways between the 1,770.00 and 1,785.00 levels. In the meantime, the price appeared to respect the resistance of the 55-hour simple moving average. Economic Calendar Analysis On Friday, the release of the US Employment data could impact the price for gold through the value
Since early Tuesday's European trading hours, the US Dollar has been testing the 109.50 level against the Japanese Yen. In the meantime, the rate has been finding support in the 55 and 100-hour simple moving averages, which have been slowly moving higher. Economic Calendar The USD/JPY could react to the release of the US Unemployment Rate, Average Hourly Earnings and Non-Farm
By the middle of Wednesday's European trading hours, the GBP/USD currency exchange rate was testing the resistance of the zone above the 1.3920 level, which already stopped the rate's May 3 sharp surge. Economic Calendar On Thursday, all British Pound traded assets and currency pairs are expected to move due to the announcement of the Bank of England Official Cash Rate