The GBP/USD was surging on Monday, as the rate pierced through the resistance cluster near the 1.2940 level. It is expected that the surge will continue and eventually the pair should reach the 1.2960 level, where it would meet with the 200-hour SMA. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release. The GBP/USD
On Monday, the EUR/USD was facing the resistance of a technical level cluster near 1.1175. Namely, the 100-hour SMA, weekly PP and a 61.80% Fibonacci retracement level. In general, the rate was expected to fail at breaking above this level, as it had no technical support that could push it higher. Latest Fundamental Event The European Common Currency depreciated against the US Dollar,
On Friday morning, the price for gold was trading at the psychological level at 1,282.00. Given, that the XAU/USD exchange rate is supported by the ascending trend line, it is likely, that the price could maintain its growth. Economic Calendar Analysis On Friday, at 12:30 GMT the US Advance GDP will be published. This is the top US data set, which has
On Friday morning, the USD/JPY currency pair was testing the weekly S1 located at the 111.76 mark. Given that the pair is squeezed by the weekly S1 and the weekly S2 at 111.57, it is likely, that the pair could trade sideways in the short term. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Durable
On Friday morning, the GBP/USD exchange rate was testing the 55-hour SMA located at the 1.2910 mark. If the given resistance does not hold, it is likely, that the rate rises to the 100-hour SMA located circa 1.2940. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on Thursday at 8:30 GMT. The GBP/USD
On Friday morning, the EUR/USD currency pair traded sideways near the psychological level at 1.1140. The pair could trade sideways around the given level, squeezed by the 55-hour simple moving average and the 2018/2019 minimum, located at 1.1159 and 1.1124 respectively. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Durable Goods Orders data release on
On Thursday, the price for gold was trading at the psychological level at 1,278.00. Given, that the XAU/USD exchange rate is pressured by the 200-hour SMA, it is unlikely, that bulls could prevail in the market. Economic Calendar Analysis During this week there will be a couple of macroeconomic events to watch, avoid or trade. On Thursday, the US Durable Goods Orders data
During Thursday night, high volatility occurred in the market due to the Monetary Policy Statement by the Bank of Japan. The Bank decided to keep the interest rate unchanged. The USD/JPY currency pair is pressured by the 55-, 100- and 200-hour SMAs, thus, it is likely, that some downside potential could occur in the nearest future. Latest Fundamental Event Census Bureau released the
On Thursday morning, the GBP/USD exchange rate was testing the lower boundary of the falling wedge pattern located circa 1.2880. If the given pattern does not hold, it is expected that the rate decline to the monthly S1 at 1.2872. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on Thursday at 8:30
On Thursday morning, the EUR/USD currency pair traded near the 2018/2019 minimum located at the 1.1141. If the 55- and 100-hour simple moving averages continue to push the pair down, it could reach the lower boundary of the medium-term channel at 1.1120. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Retail Sales data release on
On Wednesday, the price for gold was pressured by the 55- and 100-hour SMAs, as well the monthly S1 and the Fibo 38.20% at 1,274.0. If the given resistance does not hold, it is expected, that gold could reach the psychological level at 1,276.00. Economic Calendar Analysis During this week, there will be a couple of macroeconomic events to watch, avoid or
The USD/JPY exchange rate tested the support level formed by the weekly S1 at the 111.78 mark. It is expected, that the rate trades sideways between the given support and the resistance level formed by a combination of the 55-, 100- and 200-hour SMAs located circa 111.90. Latest Fundamental Event Census Bureau released the US Core Retail Sales data that came out better-than-expected
On Wednesday morning, the GBP/USD rate was testing the lower boundary of the falling wedge pattern located circa 1.2930. It is expected, that the rate could reverse north from the given boundary and target the 55- and 100-hour moving averages located circa 1.2980. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on
On Wednesday, the EUR/USD currency pair traded below the resistance of the 55- and 100-hour simple moving averages, which during the morning hours were located at 1.1240. If the simple moving averages continues to push the pair down, the rate should eventually reach the 2018/2019 minimum at 1.1195. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the
The Friday's forecast was correct, the rate surged up to the 100-hour simple moving average, which pushed the commodity price down. On Tuesday, the gold price had reached below all of the support levels near the 1,273.00 level. This fact indicated that the price could continue its decline. Economic Calendar Analysis During this week there will be a couple of macroeconomic events
Just before midnight the USD/JPY dropped sharply 25 base points. However, by the middle of the day's trading session the rate had recovered back up to the 111.90 level. Meanwhile, take into account that a decline was expected on Friday. Compared to Friday's levels the rate had declined slightly. Latest Fundamental Event Census Bureau released the US Core Retail Sales data that came
On Tuesday morning the GBP/USD was testing the resistance of the 1.3000 level. It was expected that the rate will fail to surge, as additional technical resistance was about to be provided by the 100-hour simple moving average. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on Thursday at 8:30 GMT. The
On Tuesday, the EUR/USD traded below the resistance of the 100-hour simple moving average, which during the morning hours was located at 1.1260. If the simple moving average continues to push the pair down, the rate should eventually reach the weekly S1 at 1.1209. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Retail Sales data
On Friday morning gold passed the resistance of the 55-hour simple moving average near the 1,275.50 level. This event signalled that the commodity price is set to surge. If the surge occurs, the rate will aim for the resistance of the 100-hour simple moving average, which on Friday was located at 1,281.15. Economic Calendar Analysis There will be no more significant data being
USD/JPY trades with high volatility ignoring the resistance levels on the hourly chart. Despite that the rate was expected to decline in the future, as both technical and fundamental analysis perspectives were indicating that a decline will occur. Latest Fundamental Event Census Bureau released the US Core Retail Sales data that came out better-than-expected of 1.2% compared with forecast 0.7%. According to experts, the
Bad German PMI data caused a spillover decline that affected the GBP/USD and forced it into breaking the support of an ascending pattern. By the middle of Friday's trading the rate had recovered from dropping down to the 1.2980 level and was testing the resistance of 1.3000. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales
German PMI data caused a drop of the EUR/USD, which passed most technical support levels. On Friday, the currency exchange rate was recovering after the drop. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Retail Sales data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 9 pips or 0.08% right
On Thursday, the yellow metal's price was being pushed down by the 55-hour simple moving average. During the push down the support cluster at 1,274.00 was pierced. This event signalled that the decline of the commodity price could continue. Economic Calendar Analysis This week's data releases will end on Thursday. At 08:30 GMT, the UK Retail Sales will be published. Afterwards, the Canadian
After a second attempt to pass a line on the hourly chart the USD/JPY declined on Thursday. The rate had passed hourly chart's support levels and was set to fall down to the 111.65 level. At that level the weekly pivot point and the 200-hour simple moving average were located at. Latest Fundamental Event The Bureau of Labor Statistics released US CPI