Gold has been recovering since February 15. Most recently, the commodity price has encountered resistance at 2,022.80/2,023.50. In addition, the recovery appears to have been occurring in a channel up pattern. Economic Calendar Analysis This week, the top event will be the FOMC Meeting Minutes release on Wednesday at 19:00 GMT. The minutes are a protocol of the last Federal Reserve monetary
Since last week, the USD/JPY currency pair has fluctuated around the 150.00 mark. Support remains at the 149.50 mark and the 149.90 level. Resistance is encountered in the 150.65/150.90 range. Economic Calendar This week, the top event will be the FOMC Meeting Minutes release on Wednesday at 19:00 GMT. The minutes are a protocol of the last Federal Reserve monetary policy committee
The GBP/USD rate appears to be fluctuating near the 1.2600 mark. However, there are strange peculiarities to the pair. It is no longer properly respecting the 1.2590/1.2610 range's support and resistance. Namely, the range was pierced, confirmed as support, but then the support failed and by mid-Monday the rate was observed to be moving downwards through the zone. Economic Calendar This week,
The EUR/USD started the week by bouncing of the resistance of the 1.0790 level. By mid-Monday, the pair had declined to the combined support of the 100 and 200-hour SMAs, weekly simple pivot point and the 1.0750 level. Economic Calendar Analysis This week, the top event will be the FOMC Meeting Minutes release on Wednesday at 19:00 GMT. The minutes are a
The price for gold dipped due to the release of the US CPI. The metal traded as low as the 1,985.00 mark. However, a recovery started on Thursday. the price moved above 1,995.00 and the 2,000.00 mark, before appearing to have been stopped by the 100-hour simple moving average. Economic Calendar Analysis Watch out for the release of the United States Producer
The release of the US CPI pushed the USD/JPY rate up. However, it appears to have encountered resistance, before reaching the 151.00 mark. The events were followed by a decline, as on mid-Thursday the rate had returned and found support in the 149.50 level. Economic Calendar On Friday, the financial markets are set to react to the publication of the US Producer
After the release of the US CPI, the pair dropped below the 1.2590/1.2610 range. Afterwards, the range acted as resistance until the lower than expected UK CPI caused another drop. However, since Wednesday, the pair was finding support in the 1.2535/1.2540 zone. During late Thursday's trading hours, the GBP/USD was once again testing the 1.2590/1.2610 range and the 100 and
The EUR/USD dropped from 1.0800 down to 1.0700 due to the release of the United States Consumer Price Index. The higher than expected inflation caused a strengthening of the US Dollar. However, by the end of Thursday's trading, the pair had almost recovered to 1.0800. Economic Calendar Analysis On Friday, the US Producer Price Index data sets could impact the pair at
In general, the price for gold found support in the 2,020.00 mark and once again tested the 2,030.00/2,040.00 range. The range held and another decline to 2,020.00 was taking place during the second part of Friday's trading. Economic Calendar Analysis This week, there are no more scheduled events that could impact the price for gold through the value of the US Dollar. XAU/USD
The surge of the USD/JPY remains stuck at the 149.50 level. Meanwhile, support is found at the 149.00 mark, as the weekly R1 simple pivot point is being ignored. In addition, the hourly moving averages continue to move higher. Economic Calendar This week, there are no more scheduled events that could impact the currency pair. USD/JPY hourly chart analysis A move above 149.50 is
On Thursday, the GBP/USD moved below the 1.2590/1.2610 range, but no broader decline occurred, as the weekly S1 simple pivot point acted as support at 1.2571. The pivot point forced the pair back up above the 1.2590/1.2610 range. On Friday, the support range held. During the second half of the day, the rate tested the resistance of the 200-hour simple
The 1.0720/1.0740 support range held. Moreover, it appears that the rate reversed already at the weekly S1 simple pivot point at 1.0744. After finding support, the rate surged and encountered resistance in the 200-hour simple moving average. Economic Calendar Analysis This week, there are no more events scheduled that could impact the rate. EUR/USD hourly chart analysis A move above the 200-hour SMA would
During the last quarter of 2023, there have been no broad moves in the price for a Dukascoin. The asking price has been bouncing around the 1.60 mark, as it has fluctuated between 1.45 and 1.72. In the meantime, the bid price, has been mostly in the 1.30/1.50 range. However, there have been spikes up to levels near 1.60. Asking price chart
The price for hold almost touched the 2,045.00 mark on Wednesday. However, US central bankers made comments that they will not cut interest rates until clear inflation decline occurs. Since inflation recently returned, it is clear that a rate decrease won't come soon. Due to this reason, the USD surged in value and price for gold dropped. By mid-Thursday, the
The USD/JPY retraced on Tuesday down to the support of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 147.60. The pair fluctuated above these levels, as it was kept down by the 50-hour simple moving average. However, recently the US Fed officials stated that they do not want any rate cuts, unless inflation clearly
Since Tuesday, the rate has moved back above the 1.2590/1.2610 range. However, the pair has not properly tested the combined resistance of the 1.2650 and 200-hour simple moving average. Instead, comments made by US central bankers have moved the rate down. On mid-Thursday, the rate was testing the support of the 1.2590/1.2610 range and the 50 and 100-hour simple moving
Since encountering support at 1.0720/1.0740, the EUR/USD rate slightly recovered. However, the recovery did not manage to reach the 1.0800 mark, as on Thursday the rate declined and was heading back to the support range. The decline was attributed to recent comments by US central bankers that they want inflation to got down, before considering rate cuts. Economic Calendar Analysis This week,
The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance. The events caused a drop of
The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance. On the GBP/USD charts the US
The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance. The events resulted in the rate
The United States Bureau of Labor Statistics has published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute. Afterwards, the Dollar continue to gain, as the momentum had continued. Since mid-Monday, the Dollar index was testing the 104.50 level's resistance. The EUR/USD has declined to the
The United States Federal Reserve has just published its Federal Funds Rate. As expected, the central bank has kept its base rate unchanged at 5.50%. The no change was expected. Afterwards, the markets were looking forward to the follow up press conference of the Chairman of the Federal Reserve Jerome Powell. In general, the head of the central bank stated that
The United States Federal Reserve has just published its Federal Funds Rate. As expected, the central bank has kept its base rate unchanged at 5.50%. The no change was expected. Afterwards, the markets were looking forward to the follow up press conference of the Chairman of the Federal Reserve Jerome Powell. In general, the head of the central bank stated that
Both the US Federal Reserve and the Bank of England have kept interest rates unchanged. However, for some reason the GBP/USD dropped on the US announcement and then sharply recovered on the UK announcement. The rates were expected to remain unchanged and supposedly the news were priced in. Due to this reason the reason for the fluctuations are unclear. The GBP/USD