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
On Wednesday, the EUR/USD currency exchange rate passed the 1.2000 mark's support. It indicates that the rate could extend its decline. Economic Calendar Analysis The EUR/USD could move this week due to the Friday's release of US employment data. At 12:30 GMT, expect the publication of the US Average Hourly Earnings, Non-Farm Employment Change and the Unemployment Rate. The EUR/USD has moved
After a prolonged period of flat trading, the DUK+/EUR currency exchange rate has declined. After touching the 3.00 level, the rate recovered to trade sideways at the 3.30 mark. In the meantime, the wall of sell orders at 3.51 remained intact, as 9748.80 coins were set to be sold at this level. Daily Candle Chart Note that SMAs and pivot points
On Thursday, the XAU/USD exchange rate plunged by 312 pips or 1.74%. A breakout occurred through the lower boundary of an ascending channel pattern during Thursday's trading session. Economic Calendar Analysis Notable events for this week have ended. Expect the next week's analysis to be published this evening in the Fundamental Analysis section. Click on the link below to find out more about
The US Dollar edged higher by 72 pips or 0.66% against the Japanese Yen on Thursday. The currency pair tested the 109.21 area during yesterday's trading session. The exchange rate reversed from the resistance level at 109.21 during the Asian session on Friday. Economic Calendar Notable events for this week have ended. Expect the next week's analysis to be published this evening
The British Pound traded sideways against the US Dollar on Thursday. The GBP/USD currency pair made about 35 pips or 0.25% move during Thursday's trading session. Economic Calendar Notable events for this week have ended. Expect the next week's analysis to be published this evening in the Fundamental Analysis section. Click on the link below to find out more about the data
On Thursday, the common European currency declined by 44 pips or 0.36% against the US Dollar. The currency pair reversed from the resistance level at 1.2152 during yesterday's trading session. Economic Calendar Analysis On Friday, the German Preliminary GDP could cause EUR moves. The EUR/USD has from 10.0 to 14.1 pips during the last three releases since July 2020. Click on the
The XAU/USD exchange rate bounced off the lower boundary of an ascending channel pattern at 1765.3 on Wednesday. As a result, the commodity surged by 175 pips or 0.99% during Wednesday's trading session. Economic Calendar Analysis On Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal Funds Rate at 18:00 GMT. On Thursday, at 12:30
Downside risks pressured the US Dollar against the Japanese Yen on Wednesday. The currency pair dropped by 60 pips or 0.55% during yesterday's trading session. Economic Calendar On Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The USD/JPY has moved 7.8 to 34.5 pips on the announcement
Upside risks dominated the British Pound against the US Dollar on Wednesday. The GBP/USD currency pair surged by 88 pips or 0.64% during Wednesday's trading session. Economic Calendar On Thursday, at 12:30 GMT, the US Advance GDP will be released. This event has caused GBP/USD moves only from 9.6 to 17.2 pips. Click on the link below to find out more
On April 28, the Eurozone single currency surged by 77 pips or 0.64% against the US Dollar. The currency pair breached the resistance level at 1.2113 during Wednesday's trading session. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Advance GDP will be released. This event has caused EUR/USD moves only from 7.9 to 13.6 pips. In addition, on Friday, the