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Mon, 09 Mar 2020 12:49:53 GMT

USD/JPY passes historical low levels

The decline of the USD/JPY has experienced another sudden drop. On Friday, the rate dropped to the 102.00 level. On Monday, the currency exchange rate traded sideways between the 102.70 and 102.00 level. The pair appeared to be consolidating the sharp decline. Economic Calendar On Wednesday, March 11, the US CPI and Core CPI will be published at 12:30 GMT. The USD/JPY had

Mon, 09 Mar 2020 12:31:33 GMT

GBP/USD surge reaches 1.3200 level

The GBP/USD pair has reached the 1.3200 level, which provided resistance. On Monday, the currency exchange rate traded near the 1.3100 level, where it had retreated as a part of a consolidation, which was caused by the previous sharp surge. Economic Calendar During the week, there will be couple events that could affect the GBP/USD rate. On Wednesday, March 11, the

Mon, 09 Mar 2020 12:06:08 GMT

EUR/USD reaches 1.1500 mark

The EUR/USD has continued to surge. On Friday, the currency exchange rate touched the 1.1500 level. On Monday, the rate traded sideways between the 1.1370 and 1.1470 level. The pair appeared to be consolidating in the aftermath of the recent sharp surge. Economic Calendar Analysis During the week there will be couple events that could impact the EUR/USD pair. On Wednesday, March

Fri, 06 Mar 2020 12:21:31 GMT

Gold trades near 1,690.00

During Friday morning, the XAU/USD exchange rate was testing the psychological level at 1,690.00. It is likely that bulls could prevail in the market, and gold could continue to appreciate against the US Dollar. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00% to 1.25% at an unscheduled emergency meeting. The

Fri, 06 Mar 2020 12:08:28 GMT

USD/JPY trades near 2019 low

During Friday morning, the USD/JPY currency pair declined below 105.50. Note that the pair is trading near the 2019 minimum located at 104.67. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00% to 1.25% at an unscheduled emergency meeting. The US policymakers announced the cut of the interest rate by a

Fri, 06 Mar 2020 11:41:23 GMT

GBP/USD trades above 1.3000

During Friday morning, the GBP/USD exchange rate surpassed the weekly R1 at 1.2985. It is likely that bulls could prevail in the market in the short term, and the rate could remain above 1.3000. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00% to 1.25% at an unscheduled emergency

Fri, 06 Mar 2020 11:30:00 GMT

EUR/USD exceeded 1.1300

On Friday morning, the EUR/USD currency pair exceeded 1.1300 level. The pair could gain support from the monthly R2 and continue to extend gains in the short term. US ISM Non-Manufacturing PMI The Euro depreciated against the US Dollar, following the US ISM Non-Manufacturing PMI survey results release on Wednesday at 15:00 GMT. The EUR/USD exchange currency rate lost

Thu, 05 Mar 2020 12:19:45 GMT

XAU/USD remains below 1,650.00

Gold has been consolidating against the US Dollar since the second half of Tuesday. The XAU/USD exchange rate could gain support from the 55- and 200-hour moving averages and trade upwards in the short term. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00% to 1.25% at an unscheduled emergency meeting.

Thu, 05 Mar 2020 12:03:14 GMT

USD/JPY remains below 107.60

The USD/JPY currency pair remains under pressure of the 55-hour moving average near 107.50. During Thursday morning, the pair was testing the Fibo 23.60% at 107.02. If the given level holds, the pair could consolidate. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00% to 1.25% at an unscheduled emergency meeting. The

Thu, 05 Mar 2020 11:50:45 GMT

GBP/USD raised to 1.2920

During Thursday morning, the GBP/USD exchange rate jumped was testing the resistance level formed by the Fibonacci 38.20% retracement and the monthly PP at 1.2920. If the given resistance does not hold, some upside potential could prevail in the market. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of

Thu, 05 Mar 2020 11:41:19 GMT

EUR/USD remains below 1.1200

On Wednesday, the EUR/USD currency pair reversed north from the support level - the weekly R1 at 1.1120. In general, the pair could continue to consolidate in the 1.1120/1.1200 area . US ISM Non-Manufacturing PMI The Euro depreciated against the US Dollar, following the US ISM Non-Manufacturing PMI survey results release on Wednesday at 15:00 GMT. The EUR/USD exchange

Wed, 04 Mar 2020 12:31:54 GMT

Gold jumps to 1,650.00

The US Federal Reserve Rate Announcement on Tuesday caused a jump of the yellow metal's price to the 1,650.00 mark. On Wednesday, the metal had bounced off the 1,650.00 level and had found support in the 200-hour simple moving average near 1,635.00. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00%

Wed, 04 Mar 2020 12:25:55 GMT

USD/JPY drops to 107.00

The 55-hour SMA has pushed the USD/JPY currency exchange rate to a new low level. Namely, the 107.00 was tested on Tuesday. The 107.00 was providing psychological support and was strengthened by a 23.60% Fibonacci retracement level. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00% to 1.25% at an unscheduled emergency

Wed, 04 Mar 2020 12:12:46 GMT

GBP/USD tests moving averages

On Wednesday, the GBP/USD was retreating after it had bounced off the resistance of the 100-hour simple moving average. By the middle of the day, the rate had begun to trade around the 55-hour SMA. The future of the rate was dependant on whether or not the SMAs manage to push the rate down or not. Fed Rate Cut

Wed, 04 Mar 2020 11:40:20 GMT

EUR/USD bounces off 1.1200

On Wednesday, the EUR/USD currency exchange rate retreated after touching the 1.1200 level on Tuesday. In general, the rate's retreat was expected to test support levels in the range from 1.1157 to 1.1120. FOMC Rate Cut The Euro appreciated against the US Dollar, following the FOMC Statement release on Tuesday at 15:00 GMT. The EUR/USD exchange currency rate gained

Tue, 03 Mar 2020 15:24:06 GMT

DUK+/EUR aims at 1.7000 level

The DUK+/EUR currency exchange rate passed the support of the 55-day simple moving average. In the aftermath of the support level failing, the rate began a slow decline. On March 3, the pair was expected to decline to the cluster of the buy orders that was located near 1.7000 mark. Daily Candle Chart On the daily candle chart, it can be

Tue, 03 Mar 2020 14:56:16 GMT

Gold tests 55-hour SMA

Since Monday, the yellow metal's price has continued to fluctuate in the range between the 1,590.00 and 1,610.00 levels. However, there was an update on the metal's hourly candle chart. Namely, the 55-hour SMA had reached the price at the middle of Tuesday's GMT trading hours. Economic Calendar Analysis Some might consider watching the ADP Non-Farm Employment Change on Wednesday at 13:15

Tue, 03 Mar 2020 14:28:24 GMT

USD/JPY traders go long

The support of the 107.50 level held on Monday, as the pair traded between the 107.50 and 108.50 levels. In the meantime, as the rate traded sideways it was approached by the resistance of the 55-hour simple moving average, which began to push the pair down. US ISM Manufacturing PMI The Institute for Supply Management (ISM) released the US ISM Manufacturing

Tue, 03 Mar 2020 13:30:28 GMT

GBP/USD trades sideways

By the middle of Tuesday's London trading hours, the GBP/USD had continued to trade above the 1.2740 level. In the meantime, the rate had been approached by the resistance of the 55-hour simple moving average, which began to push the pair down. US ISM Manufacturing PMI The Institute for Supply Management (ISM) released the US ISM Manufacturing PMI survey

Tue, 03 Mar 2020 13:08:07 GMT

EUR/USD retreats to 1.1100

After touching the 1.1185 mark on Monday, the EUR/USD began a decline. By the middle of Tuesday's London trading hours, the rate had reached the support of the 1.1100 level. In regards to the near term future, the pair was expected to find additional support in the 55-hour simple moving average, which could push the pair up to the 1.1200

Mon, 02 Mar 2020 15:23:57 GMT

Gold drops, as traders remain short

On Monday, the yellow metal retraced back up to trade near the 1,600.00 level. There the price appeared to consolidate by trading sideways. Economic Calendar Analysis Already on Monday, a data release could cause a notable move. The US ISM Manufacturing PMI is scheduled to be published at 15:00 GMT. Some might consider watching the ADP Non-Farm Employment Change on Wednesday

Mon, 02 Mar 2020 15:05:27 GMT

USD/JPY reaches new low level

The USD/JPY has reached a new low level by trading at the 107.50 level. On Monday, the rate was located at this level. The pair was expected to continue to decline to the 107.00 level, as in the morning hours it had retraced back to the 108.50 mark and removed oversold pressure. In addition, there was no technical support as low

Mon, 02 Mar 2020 14:56:10 GMT

GBP/USD remains above 1.2750

On Monday, the GBP/USD currency exchange rate was testing the support of the 1.2750 level, which was initially reached on Friday. In the case of the 1.2750 mark not holding, the rate could reach as low as the 1.2700 mark. Economic Calendar Already on Monday, a data release could cause a notable move on the GBP/USD charts. The US ISM Manufacturing

Mon, 02 Mar 2020 14:27:38 GMT

EUR/USD beats forecast

The EUR/USD currency exchange rate started the week by reaching higher than it was previously expected. The pair reached above the 1.1160 level. In the near term future, the rate was expected to trade sideways above the 1.1100 level, where it had retreated in the afternoon. Economic Calendar Analysis Already on Monday, a data release could cause a notable move on the

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