On Monday morning, the price for gold passed below the 1,745.00/1,755.00 zone. By the middle of the day, the rate had reached the 1,730.00 level. If the commodity price continues to decline, the 1,710.00/1,715.00 zone is expected to act as support, prior to the metal reaching the 1,700.00 mark. On the other hand, a potential recovery of the commodity could result
Since the middle of Friday's trading, the USD/JPY has been fluctuating around the 137.00 mark in the range between 136.70 and 137.40. If the pair resumes its surge, it could encounter resistance in the 137.50, 138.00 and the 138.50 levels. In addition, take into account the weekly R1 simple pivot point at 138.55. On the other hand, a decline of the
The Pound has declined in value, compared to the US Dollar, as the rate has extended its last week's decline. On Monday, the pair shortly reached below the 1.1800 level. A continuation of the currency exchange rate might look for support in the July low level at 1.1760. Further below, technical support could be found in the weekly S1 simple pivot
On Monday morning, the EUR/USD currency pair reaches parity and even fluctuated below the 1.0000 mark. By the middle of the day's trading, the rate had returned and fluctuated above 1.0000. If the pair declines below the 1.0000 mark, a follow up decline could look for support in the combination of the 0.9950 level and the weekly S1 simple
At mid-day on Wednesday, the price for Gold reached the 1,765.00 level, which was marked on the chart due to acting as support on August 5. If the commodity price reaches below the 1,765.00 mark, support might be found in the 1,745.00/1,755.00 zone, which captures the August low levels near 1,755.00 and the early July high levels in the 1,745.00/1.750.00
At mid-Wednesday the USD/JPY currency pair reached above the 135.00 mark and the upper trend line of the channel up pattern. Almost immediately after the event, the pair approached the combined resistance of the 134.35/134.55 zone and the weekly R1 simple pivot point at 135.40. In the meantime, the pair was set to be moved by the US FOMC Meeting Minutes
On Wednesday morning, the GBP/USD reached above the 1.2100 mark. However, after a failed attempt at reaching 1.2150, the currency pair began to trade around the 1.2100 level. In general, the pair reacted to the UK higher than forecast inflation data, which caused the sure. Namely, higher inflation means more monetary tightening and a smaller supply of the GBP, which results
Since the surge at mid-day on Tuesday, the EUR/USD appeared to be waiting for this week's fundamental events. Namely, the US FOMC Meeting Minutes were expected to cause a USD move, which would impact all of financial markets. In the meantime, on Wednesday it was spotted that the pair had revealed a resistance zone at 1.0185/1.095. If the pair reaches
Since the middle of Monday's trading up to mid-Tuesday, the price for gold made attempts at passing the combined resistance of the 1,785.00 mark, the 1,785.00/1,788.00 zone and the 50, 100 and 200-hour simple moving averages. At mid-day on Tuesday, it appeared that the metal had failed, as it declined below 1,775.00. In general, future scenarios remain unchanged. A continuation
On Tuesday morning, the US Dollar manged to pass the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 133.57 against the Japanese Yen. By the start of the day's US trading, the pair had reached above the 134.50 level and the 134.35/134.55 zone. In the meantime, it was spotted that
The GBP/USD broke the channel down pattern, before it even approached the 1.2000 mark. Due to that reason, the pair's decline could be considered over. Meanwhile, during Tuesday's trading hours, the pair fluctuated in the 1.2010/1.2060 range. A broad recovery of the Pound against the US Dollar might encounter resistance in the 50-hour simple moving average near 1.2085, the 1.2100 mark,
The decline of the Euro against the US Dollar has continued, as on Tuesday the pair reached the support of the 1.0123 level, which appeared to be once again impacting the rate. Meanwhile, it was spotted that the rate has been declining in a narrow channel down pattern. A continuation of the decline is set highly likely going to look
The price for gold started the week with a decline below the 1,785.00 level and the zone which captures last week's low levels, and the 200-hour simple moving average. By the middle of the day's European trading, the commodity price had reached the 1,775.00 level. A continuation of the decline of the price of gold could find support in the
The USD/JPY currency pair has revealed that it is respecting the resistance of the 100-hour simple moving average and the support of the 50-hour SMA. On Monday morning, the pair traded near the 133.50 level. A move above the 100-hour simple moving average and the weekly simple pivot point at 133.57 could be stopped by the combination of the 200-hour
The Pound has been losing value, compared to the US Dollar, in a channel down pattern since bouncing off the 1.2250 level on Thursday. Buy the middle of Monday's European trading, the price had reached the 1.2050 level. A move below the 1.2050 level could look for support in the combination of the weekly S1 simple pivot point at 1.0227
On Monday morning, the EUR/USD extended its decline, as the pair passed the support of the 100 and 200-hour simple moving averages near 1.0270 and 1.0230. By the middle of the day's European trading hours, the rate was below 1.0200. A continuation of the decline of the Euro against the US Dollar, the pair might find support in the
The price for gold appears to be waiting for the US inflation data releases that are scheduled for this week on Wednesday at 12:30 GMT and Thursday at 12:30 GMT. During Tuesday's trading hours, the price of the commodity fluctuated around the 1,790.00 mark. A move above 1,790.00 could encounter resistance in the last week's high at 1,795.00, prior to reaching
This week, the USD/JPY pair is trading around 135.00, as it awaits the release of the US Consumer Price Index on Wednesday and the Producers Price Index on Thursday. Resistance is found in a zone at 135.50 and support is provided by the 134.50 level. A surge of the USD against the Japanese Yen would have to pass the 135.50 level,
The GBP/USD is trading around the 1.2100 mark, as it has begun to await for this week's fundamental events. The US CPI, PPI and UK GDP data releases are set to guide the exchange rate during the rest of the week. However, technical levels might act as short term resistance or support. A move of the pair upwards might encounter resistance
On Tuesday morning, the EUR/USD ended its sideways trading around the 1.0200 mark with a surge. By 09:00 GMT, the rate had reached the 1.2050 mark. In the meantime, the markets were expecting the US Consumer Price Index release on Wednesday at 12:30 GMT. In general, it was expected that the whole financial markets will remain near previous levels
The better than expected US Employment data caused a drop of the price for gold below the support zone at 1,771.30/1,773.10. However, after two hours, the commodity price recovered above the zone and started to use it as support. On Monday, the price started a broad recovery and reached as high as the 1,790.00 level. A move above 1,790.00 could encounter
In the aftermath of the US Dollar's surge, which was caused by the US employment data release, the USD/JPY found resistance in the 135.50 level. The resistance held and caused a decline. On Monday, the pair found support in the 134.50 level and a zone, which surrounds it. A surge of the USD against the Japanese Yen would have to
The US employment data release on Friday caused a drop of the GBP/USD below the support zone near 1.2080 and the 1.2050 level. The pair eventually found support near 1.2000 and recovered. During Monday's trading, the recovery encountered resistance in the 100-hour simple moving average near 1.2130. An extension of the decline of the Pound against the US Dollar might look
On Friday, at 12:30 GMT, the EUR/USD plummeted due to the very good US employment data, which indicated that the Federal Reserve can hike USD interest rates and cause a decrease in USD supply. The pair plummeted from 1.0240 down to the 1.0140 level. However, since the event the pair has recovered. During the second part of Monday's trading,