The US Dollar has resumed it broader surge. On the GBP/USD charts it has resulted in a bounce off from the resistance of the 1.2200 level and a decline. By the middle of Wednesday's European trading hours, the currency pair had reached 1.2050. Economic Calendar Next week, the currency might react to the release of the UK Consumer Price Index on Wednesday
The EUR/USD is dropping due to crash of the European banking stock prices. A major run to safety is occurring. From a technical analysis perspective the pair has dropped to the support levels below 1.0550. Economic Calendar Analysis On Thursday, the EUR/USD is set to react to the expected 0.50% European Central Bank Main Refinancing Rate hike at 13:15 GMT. The ECB
During the first quarter of 2023, the price for Dukascoin has moved higher by five cents. Namely, the asking price has went from 1.40 up to 1.45. Meanwhile, it has been volatile in the range from 1.40 up to 1.48. Meanwhile, bids have been fluctuating broadly between 1.2350 and 1.4500. Asking price chart Bid price chart Market Depth Market Depth reveals,
The price for gold has surged above the 1,900.00 mark, as a run to safety occurred last week. At the start of this week, the commodity price was consolidating in the 1,895.00/1,915.00 range. The market appears to be waiting for additional fundamental information before moving up or down. Economic Calendar Analysis The top event of the week was the US Consumer Price
This week, the USD/JPY has been recovering from the 132.50 level's support. By the middle of Tuesday's European trading, the currency pair had approached the 135.00 level. Economic Calendar The top event of the week was the US Consumer Price Index release, which hit market forecasts on Tuesday at 12:30 GMT. However, there are more events that are expected to impact the
The recent surge of the GBP against the US Dollar ahs encountered resistance in the early February high level at 1.2200. Meanwhile, support appears to be found in a an ascending trend line. Economic Calendar The top event of the week was the US Consumer Price Index release, which hit market forecasts on Tuesday at 12:30 GMT. However, there are more events
The EUR/USD has revealed a resistance zone below the 1.0750 mark. Meanwhile, support is being found in the trend line, which has guided the currency pair up since Friday. In addition, note the support of the 50-hour simple moving average and the 1.0700 mark. Economic Calendar Analysis The top event of the week was the US Consumer Price Index release, which hit
The price for gold has remained near the 1,870.00 level. Meanwhile, previous low and high level zones are being ignored. However, round price levels appear to be still impacting the commodity price. Economic Calendar Analysis The top event of the week will take place on Tuesday at 13:30 GMT. The US Consumer Price Inflation data will be published at that time. The
The USD/JPY currency pair has found support in the 130.00 mark. However, it appears that all attempts to surge are being stopped in the 131.20/131.85 range. In this range all this week surge attempts have been reversed. Economic Calendar The top event of the week will take place on Tuesday at 13:30 GMT. The US Consumer Price Inflation data will be published
The recovery of the Pound against the US Dollar has encountered resistance in the 200-hour simple moving average, which strengthened the 1.2200 mark. On Friday, the currency pair had reached back to 1.2100. Economic Calendar The top event of the week will take place on Tuesday at 13:30 GMT. The US Consumer Price Inflation data will be published at that time. The
The EUR/USD shortly pierced the resistance zone at 1.0762/1.0766 due to the publication of lower than forecast German Consumer Price Index. Namely, for some reason the lower than expected inflation was seen by the markets as positive for the Euro. However, the pair did not remain above the resistance zone for long. On Friday, the pair was back near 1.0700. Economic
The price for gold was highly volatile during the recent interview of Jerome Powell. On Wednesday morning, the commodity price managed to reach above and confirm the 1,878.50/1,881.15 zone as support. Economic Calendar Analysis There are no close by scheduled events that might impact the value of the US Dollar and the price of gold. XAU/USD short-term forecast A move higher by the
The comments made by Jerome Powell on Tuesday at an interview caused a drop of the US Dollar. On the USD/JPY currency exchange rate charts it resulted in a decline to the combined support of the 130.50 level and the 100-hour simple moving average. Economic Calendar There are no scheduled events, which might impact the currency exchange rate. Hourly Chart A move below
The GBP/USD recovered due to the interview with Jerome Powell, which caused a decline of the US Dollar. During the interview, Powell reiterated his stance that there would be smaller rate hikes for a prolonged time period instead of high interest rates for a shorter time period. As a result, the GBP/USD revealed a support zone and has surged to
The interview of Jerome Powell on Tuesday caused high volatility of the EUR/USD, which has resulted in the rate recovering to the 1.0750 level. Economic Calendar Analysis During the week there are no scheduled major events, which might impact the currency rate. EUR/USD hourly chart A move above the 1.0762/1.0766 range, which captures Tuesday's reversal zone, might encounter resistance in the 1.0800 mark and
The price for gold appears to be consolidating between two zones. The price has been between 1,860.00 and 1,880.00 since the Friday's fundamental drop, which was caused by the US monthly employment data. Economic Calendar Analysis There are no close by scheduled events that might impact the value of the US Dollar and the price of gold. XAU/USD short-term forecast A move above
The USD/JPY reached a new high on Monday, as it tested the 133.00 level. However, the level held and a retracement downwards occurred. On Tuesday morning, the currency pair was finding support in a zone near 131.50 and the 50-hour simple moving average. Economic Calendar There are no scheduled events, which might impact the currency exchange rate. Hourly Chart A resumption of the
On Tuesday, the GBP/USD bounced off the resistance of the 1.2050 level and declined below 1.2000. The rate is heading to new lower low levels. Economic Calendar The release of the UK GDP on Friday at 07:00 GMT is bound to impact this rate from the Pounds side. GBP/USD short-term view Support could be found in the 1.1950 level, the weekly S1 simple pivot
The major volatility of the EUR/USD has ended. The pair has started a steady decline, which respects round price levels. On Tuesday morning, the pair had reached the 1.0700 mark, which acted as support. Economic Calendar Analysis During the week there are no scheduled major events, which might impact the currency rate. EUR/USD hourly chart A move below the 1.0700 mark could look for
Despite the mid-week boost of Jerome Powell to the price of gold, the commodity retraced back to 1,910.00 on Thursday. On Friday, the US high employment data caused a drop of the commodity. Gold clearly passed below the support zone at 1,900.00 and reached even below 1,880.00. Economic Calendar Analysis There are no close by scheduled events that might impact the value
The USD had been declining since the US Chairman's press conference. However, the situation changed on Friday, as the US monthly employment data revealed a stunning growth in the data. The USD/JPY jumped and by the US market open at 14:30 GMT was reaching the 130.50 mark. Economic Calendar Next week, there are no scheduled events, which might impact the currency exchange
The GBP/USD has continued to act to major fundamentals events. The Federal Reserve press conference beat down the USD, then the Bank of England boosted the GBP. Most recently, the US employment data caused a major surge of the US Dollar. The chart has seen spikes and drops throughout the last few days, which have ignored almost all technical levels. Economic
The EUR/USD has continued to act to major fundamentals events. The Federal Reserve press conference beat down the USD, then the ECB boosted the Euro. Most recently, the US employment data caused a major surge of the US Dollar. The chart has seen spikes and drops throughout the last few days, which have ignored almost all technical levels. The Average Hourly
The 1,900.00 range acted as support and caused a sharp retracement back up to the 1,930.00 level. The 1,930.00 has acted as resistance and keeps the commodity price down. Most likely, the price will remain near 1,930.00 until the US Federal Reserve makes a rate statement and the follow up press conference makes its impact. Economic Calendar Analysis On Wednesday, the ADP