The EUR/USD has declined, as it was previously described in the most likely scenario. Namely, the rate was pushed down below the 1.1300 level. Although, on Wednesday morning the currency exchange rate had not reached the technical support of 1.1240, which was the target of the decline. Latest Fundamental Event The European Single Currency depreciated against the US Dollar, following the German Flash
After reaching the 1,325.00 level on Monday, gold was retreating on Tuesday down to the technical support levels near 1,315.00. At the 1,315.00 level the 55-hour simple moving average was the main support to the commodity price. Economic Calendar Analysis This is the last week of March and due to that reason it is expected to be quiet for macroeconomic fundamental data releases.
On Tuesday morning the USD/JPY was testing the resistance of the 55- hour SMA near the 110.15 level. If it gets passed, the rate could jump to reach the 110.45 level. On the other hand, the SMA might push the currency pair down to the 109.60 mark. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth
On Tuesday morning the GBP/USD was trading above a strong support cluster near 1.3200. In general, the rate was expected to surge. However, the rate's previous attempts to surge were stopped by the technical resistance of the 200-hour SMA at 1.3220. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data released on Thursday at 09:30
During the early Monday's trading hours the EUR/USD was being pushed down by the technical resistance of the 55-hour simple moving average near the 1.1320. At the same time the rate had no technical support as low as the 1.1240 level. Due to that reason a decline was expected. Latest Fundamental Event The European Single Currency depreciated against the US Dollar, following the
On Friday morning gold prices were surging up without any technical resistance level as high as the 1,320.00 level. The rate was expected to test a pivot point at 1,321.00 and the psychological resistance of the 1,320.00 level. Economic Calendar Analysis On Friday, the last event of the week will be the Canadian CPI and Core Retail Sales release at 12:30 GMT. For
The USD/JPY on Friday remained in the previous day's trading range. Namely, it fluctuated between 110.40 and 110.95. The rate is set to get additional support from the 55-day simple moving average, which on Friday was located near the 110.20 level. The approaching of the level might end the sideways trading. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where
On Friday the GBP/USD was trading near the 1.3100 level. In general, the rate was still mostly reacting to fundamental Brexit news. It makes sharp moves Brexit announcements. When the news have no new information, the currency exchange rate mostly trades sideways. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK CPI data released on Wednesday at 09:30
On Friday morning the EUR/USD plummeted downwards. The move was caused by the publication of the Markit German PMI data sets. Our analysts were covering the data release live. A report on the event will be available in the near future. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release on Wednesday at
Gold price has tested the 1,310.00 as expected. In addition, the metal's price has continued to trade afterwards in accordance with the trend patterns. To be exact, a large scale pattern's resistance line pushed the rate down at the 1,310.00 level and was still holding during the second part of Wednesday's trading. Economic Calendar Analysis This week will be busy for fundamental announcement
On Wednesday, the USD/JPY surged, as it had bounced off the lower trend line of a medium scale pattern and broke through the resistance provided by the upper border of a smaller scale channel down pattern. In general, from the technical trend analysis Dukascopy Analytics deduct that the rate will continue to surge. Latest Fundamental Event The Bureau of Labor Statistics released US
Another drop of the GBP/USD was caused by a fundamental Brexit announcement. Namely, the Prime Minister of the United Kingdom announced requested an extension of the Brexit deadline. The GBP/USD started to plummet like a brick, as the PM did not announce a clear plan of action. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK CPI
The EUR/USD has reached the resistance levels at the 1.1365 mark. However, before doing that the currency exchange rate declined down below the 1.1340 level. Due to that reason it is assumed that most likely no short term traders managed to profit from the recent fluctuations. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US CPI and
The yellow metal has surged above the 1,305.00 level on Tuesday. The commodity price is expected to reach the 1,310.00 level, which is expected to once more provide resistance to the rate, as it did during the previous week. Economic Calendar Analysis This week will be busy for fundamental announcement traders. Both the central banks and various statistics offices are set to
The USD/JPY rate has plummeted down to the 111.20 level. The rate had finally reached the lower trend line of a dominant ascending pattern, which was keeping the rate from declining. Latest Fundamental Event The Bureau of Labor Statistics released US PPI data that came out lower-than-expected of 0.1% compare to forecasted 0.2%. Note, the US Core PPI was released at
On Tuesday, the GBP/USD continued to trade below the 1.3300 level. Meanwhile, during the previous trading session the rate managed to confirm the lower trend line of an ascending pattern on the hourly chart. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Average Earnings Index release on Tuesday at 09:18 GMT. The GBP/USD exchange currency rate
On Tuesday the EUR/USD was making another attempt to pass the resistance of the 1.1360 level, which forced the rate into a decline down to 1.1325 on Monday. If the rate passes this level, it will immediately face the resistance of the monthly pivot point at 1.1365. Instead it is more likely that the pair will trade sideways until the support
On Monday, the yellow metal's price broke a dominant resistance line near the 1,305.00 level. The price had decreased volatility on Monday, as it traded in the range between 1,304.00 and 1,306.00. The commodity was waiting for future signals. One could be provided by the Federal Reserve announcements on the future value of the USD on Wednesday. Economic Calendar Analysis This week will
The USD/JPY started the week's trading in the previous trading session's range. Namely, it traded between the support levels just above the 111.40 level and the resistance at 111.60. The rate is expected to surge, as the 100 and 200-hour simple moving averages, which are providing support, could push the rate through the resistance at 111.60. Latest Fundamental Event The Bureau of Labor
On Monday, the GBP/USD bounced off the resistance provided by the 1.3300 level. By the middle of London trading session the rate had declined down to the 1.3215 level. In general, from a technical perspective the pair should stop at 1.3215, as the 100-hour simple moving average and the weekly pivot point were providing technical support at that level. Latest Fundamental Event The
As expected, the EUR/UDS has reached the 1.1350 level, which was passed on Monday. In the near future the pair is expected to reach the technical resistance of the monthly pivot point at 1.1365. If this level is passed, the weekly R1 at 1.1373 will provide resistance to the currency exchange rate. Latest Fundamental Event The European Single Currency appreciated against the US
The yellow metal has found support in the 200-hour simple moving average, which has forced the pair into a surge. By the middle of Friday's trading, the commodity price traded above the 1,300.00 level. In addition, on the Dukascopy Analytics technical charts the pair had no resistance as far as the 1,321.00 level. Economic Calendar Analysis The week's important macroeconomic data releases have
After reaching the high level of 111.90 during the midnight hours from Thursday to Friday, the USD/JPY retreated down to the 111.70 level. At that level the pair traded sideways. In general, the USD/JPY was expected to resume the surge as soon as the 55-hour simple moving average would approach and provide support to the rate. Latest Fundamental Event The Bureau of Labor
On Friday the GBP/USD traded sideways, as the major voting in the UK Parliament had ended. Although, the politics continue. During the day's trading session various politicians continued to make statements about the future of Brexit. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK GDP data release on Tuesday at 09:30 GMT. The GBP/USD exchange currency