On Tuesday morning, the GBP/USD dipped due to the release of worse than forecast UK employment data. The bad data indicated that the Bank of England would not need to tighten policy, as inflation might come down due to less people buying products. However, by mid-day the rate had recovered and was testing the combined resistance of the 1.2540 level
The EUR/USD has managed to pass the resistance of the 50-hour simple moving average. However, on Tuesday morning, the resistance of the 1.0900 mark was still holding. Economic Calendar Analysis On Tuesday, the US Flash Manufacturing and Services PMIs might impact the financial markets through an adjustment of USD value. On Wednesday, take into account that a possible move could be caused
The 2,000.00/2,010.00 range has once again impacted the price for gold. The commodity found support in the range and recovered to the 2,020.00 level, where it remained up to mid-Monday. Economic Calendar Analysis During the upcoming week, on Tuesday, the US Flash Manufacturing and Services PMIs might impact the financial markets through an adjustment of USD value. On Wednesday, at 18:00 GMT,
During the early hours of Monday's trading, the USD/JPY currency pair reached above the 136.00 mark and touched the weekly R1 simple pivot point's resistance at 136.34. Economic Calendar During the upcoming week, on Tuesday, the US Flash Manufacturing and Services PMIs might impact the financial markets through an adjustment of USD value. On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes
The GBP/USD currency pair has declined below 1.2500, as a broad surge of the US Dollar is occurring. On Monday, the price had recovered after finding support at 1.2445. By the middle of the day's European trading, the rate had returned to the 1.2500 mark. Economic Calendar During the upcoming week, on Tuesday, the US Flash Manufacturing and Services PMIs might impact
The EUR/USD currency pair appears to have pierced the May channel down pattern. However, support has been provided by the 1.0845/1.0850 range. Economic Calendar Analysis During the upcoming week, on Tuesday, the US Flash Manufacturing and Services PMIs might impact the financial markets through an adjustment of USD value. On Wednesday, take into account that a possible move could be caused by
Eventually, the price for hold passed below the combined support of the 50 and 100-hour simple moving averages and the lower trend line of the channel up pattern. Moreover, the US PPI release caused volatility and boosted the ongoing decline. By mid-Friday, the commodity price had returned to the 2,000.00/2,010.00 range. Economic Calendar Analysis During the upcoming week, on Tuesday, the US
Despite dipping during the US fundamental events that occurred during this week, the USD/JPY has recovered and returned to the 135.00 mark. Economic Calendar During the upcoming week, on Tuesday, the US Flash Manufacturing and Services PMIs might impact the financial markets through an adjustment of USD value. On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight
Despite piercing resistance zone above 1.2660, the GBP/USD declined after the week's fundamental events. Eventually, the decline found support in 1.2500 and was observed to be recovering. At mid-Friday, the pair appeared to be encountering resistance in 1.2540. Economic Calendar During the upcoming week, on Tuesday, the US Flash Manufacturing and Services PMIs might impact the financial markets through an adjustment of
In the aftermath of the US CPI caused EUR/USD bounce, the EUR/USD rate found resistance in the 1.1000 mark. The round level caused a decline, which by mid-Friday had passed below 1.0900. Economic Calendar Analysis During the upcoming week, on Tuesday, the US Flash Manufacturing and Services PMIs might impact the financial markets through an adjustment of USD value. On Wednesday, take
The price for gold was looking for support, as the US Consumer Price Index release caused a sudden drop of the USD. However, it appears that the surge of the commodity price has been already stopped by the 2,050.00 mark and the upper trend line of a channel up pattern. Economic Calendar Analysis On Thursday, watch out for the US Producer Price
The release of US inflation data caused a drop of the USD. On the USD/JPY charts it resulted in the pair passing below the support range at 134.60/134.70. Economic Calendar On Thursday, watch out for the US Producer Price Index publication at 12:30 GMT. In addition, at the same time the US weekly Unemployment Claims numbers will be out. Hourly Chart The ongoing
The release of the US Consumer Price Index revealed that inflation has acted almost as expected. Due to this reason the US Dollar lost value and the GBP/USD moved higher. The rate managed to beat the resistance zone at 1.2650/1.2670. Economic Calendar On Thursday morning, GBP traders will all watch the Bank of England Official Bank Rate hike at 11:00 GMT. In
The EUR/USD was looking for support in the weekly S1 simple pivot point, as the US CPI data release caused a surge of the rate. Following the release, the pair was heading to the 1.1000 mark and the technical levels above it. Economic Calendar Analysis On Thursday, watch out for the US Producer Price Index publication at 12:30 GMT. In addition, at
Prior to the US CPI release, the price for gold steadily continued to gain. By mid-Tuesday, the pair had reached above 2,030.00. Economic Calendar Analysis This week, the US Consumer Price Index data release on Wednesday at 12:30 GMT is set to impact the financial markets. On Thursday, watch out for the US Producer Price Index publication at 12:30 GMT. In addition, at
The USD/JPY has been fluctuating around the 135.00 mark since late Friday. The rate has revealed resistance zones at 135.10/135.35 and support at 134.60/134.70. Meanwhile, the rate has been ignoring the 50, 100 and 200-hour simple moving averages. In general, the sideways trading is explained with the markets waiting for Wednesday's US Consumer Price Index data. Economic Calendar This week, the US
The GBP/USD has bounced off the 1.2650/1.2670 range. Note that this range marks a 2022 high level zone for the pair. Economic Calendar This week, the US Consumer Price Index data release on Wednesday at 12:30 GMT is set to impact the financial markets. On Thursday morning, GBP traders will all watch the Bank of England Official Bank Rate hike at 11:00 GMT.
The EUR/USD was heading to the support of the 1.0965 level on Tuesday morning. Economic Calendar Analysis This week, the US Consumer Price Index data release on Wednesday at 12:30 GMT is set to impact the financial markets. On Thursday, watch out for the US Producer Price Index publication at 12:30 GMT. In addition, at the same time the US weekly Unemployment Claims
The price for gold jumped after the Fed rate hike and touched the 2,080.00 mark. However, the event was followed by a decline on Friday, as markets expected a possible additional banking sector bail out. On Monday, there was no bail out and gold resumed to surge. By mid-day, the price had almost reached back to 2,030.00. Economic Calendar Analysis This week,
The USD/JPY found support in the 133.50 level on Thursday. Since the event, the pair has been surging. On Monday, the pair had reached above 135.00. Economic Calendar This week, the US Consumer Price Index data release on Wednesday at 12:30 GMT is set to impact the financial markets. On Thursday, watch out for the US Producer Price Index publication at 12:30 GMT.
The GBP/USD has surged against the US Dollar above the 1.2660 level. This is the highest level seen since April 2022. Economic Calendar This week, the US Consumer Price Index data release on Wednesday at 12:30 GMT is set to impact the financial markets. On Thursday morning, GBP traders will all watch the Bank of England Official Bank Rate hike at 11:00 GMT.
The EUR/USD dipped to the support zone near 1.0965, before recovering on Friday. During Monday's trading, the currency pair was fluctuating near the 1.1030 level. However, during the early hours of US trading, the pair was declining below support levels at 1.1015/1.1025. Economic Calendar Analysis This week, the US Consumer Price Index data release on Wednesday at 12:30 GMT is set to
The record low US open job numbers were enough to cause a surge of the price for gold above 2,000.00/2,010.00 already on Tuesday. During the Wednesday's US Federal Reserve rate hike and follow up conference, gold continued to surge and touched 2,035.00. The surge was attributed to the Chairman's of the Federal Reserve comments on an upcoming recession and possible
Prior to the US Federal Reserve rate hike, the USD/JPY declined to the support of the 135.00 level. As the rate was hiked, it appeared that a recovery started. Economic Calendar On Friday, watch out for the US monthly employment data, which is bound to impact the markets at 12:30 GMT through the value of the USD. Hourly Chart A continuation of the