On Wednesday at 19:00 GMT, the US Federal Reserve confirmed that it would end quantitative easing, gradually decrease its balance sheet and hike interest rates. The event resulted in a minor decline of the USD, which was followed by a sharp surge of the US currency. On the USD/JPY charts this resulted in a crashing of the channel up pattern that
On Wednesday at 19:00 GMT, the US Federal Reserve confirmed that it would end quantitative easing, gradually decrease its balance sheet and hike interest rates. The event resulted in a minor decline of the USD, which was followed by a sharp surge of the US currency. On the GBP/USD charts, by mid-Thursday, the event had resulted in the crashing of
On Wednesday at 19:00 GMT, the US Federal Reserve confirmed that it would end quantitative easing, gradually decrease its balance sheet and hike interest rates. The event resulted in a minor decline of the USD, which was followed by a sharp surge of the US currency. By the middle of Thursday's European trading, the event had resulted in a decline of
In January, the asking price for Bitcoin experienced a sharp drop. Namely, on January 16, DUK+/EUR dropped below 1.5000. However, on the next day, the price recovered. Eventually the recovery ended at 1.9400. Since then, the price has been gradually declining. Meanwhile, on the bid chart the price dropped to 1.4500, before retracing to the 1.8500 level. Asking price chart
At the start of Tuesday's US trading, the price for gold jumped above the 1,850.00 mark. The event marked the rate reaching November levels. Meanwhile, take into account that the price for gold is set to react to the Federal Reserve events on Wednesday at 19:00 GMT. The announcements are expected to impact all markets. Economic Calendar Analysis XAU/USD short-term forecast If the
The USD/JPY has bounced off the January low level near 113.50. The following recovery has occurred in a channel up pattern. Most recently, on Tuesday, the rate encountered resistance in the form of the 200-hour simple moving average and the weekly simple pivot point near 114.15. Economic Calendar Expect major volatility on Wednesday at 19:00 GMT, as the Fed makes its rate
The GBP/USD has been declining in a broad channel down pattern since January 13. Meanwhile, the rate has made sharper moves down in a junior pattern since January 20. Future forecasts were based upon whether the junior pattern holds. Economic Calendar Note that the market participants were expecting the US Federal Reserve announcements on Wednesday at 19:00 GMT. GBP/USD short-term review A
The EUR/USD passed the support of previous January low levels near 1.1275. However, the pair has close by the December 21 and 22 low level zone above the 1.1260 mark. Meanwhile, the US Dollar is expected to strengthen, as the markets expect Wednesday's hawkish Federal Reserve announcements at 19:00. Economic Calendar Analysis This week the top event will be the US Federal
Despite being pierced, the 1,815.00 mark provided enough support to the yellow metal's price on Thursday for a surge to begin. The surge eventually made an attempt to approach the 1,830.00 summer high level zone, but failed, as it bounced off the 1,829.30 level. By the middle of Friday's trading, the price had retreated below the 1,825.00 level. Meanwhile, it
The decline of the USD against the Japanese Yen has reached below the 114.00 mark and the support zone at 113.87/113.96. Moreover, during the middle of Friday's trading, the rate retraced back up and confirmed the zone as resistance. Economic Calendar The week will end with the US Retail Sales and Core Retail Sales on Friday at 13:30 GMT. Click on the link
The GBP/USD currency exchange rate has been trading between the 1.3700 and 1.3750 levels since the US CPI surge. Most recently, on Friday the rate was approached by the 50-hour simple moving average. Meanwhile, the pair almost in all cases ignored the support of the weekly R2 simple pivot point at 1.3709. Economic Calendar The week will end with the US
The EUR/USD has been trading between a support zone that surrounds the 1.1450 mark and a resistance zone at 1.1480, since the middle of Thursday's European trading. However, on Friday, the pair was approached by the additional support of the 50-hour simple moving average, which could push the rate up. Economic Calendar Analysis The week will end with the US Retail Sales
On Wednesday, the price for gold eventually passed the resistance of the 1,825.00 level. However, the price did not reach the 1,830.00 mark and the summer high level zone. The price bounced off the 1,828.45 mark and started a decline. By the start of Thursday's US trading, the decline had passed the support of the 50-hour simple moving average near 1,820.00. Economic
The decline of the USD/JPY that was caused by the US Consumer Price Index release has passed all expectations of the USD bears. At the start of Thursday's US trading hours, the USD/JPY rate was already passing support levels near 114.20. In the near term future, the pair was expected to eventually reach the 114.00 mark, which could stop a
The surge of the GBP/USD that was caused by the US Consumer Price Index release has reached the 1.3750 level's resistance. The round exchange rate level forced the pair into a retracement back down just before mid-day on Thursday. The consolidating decline appeared to be finding support in Wednesday's high level at 1.3715. Economic Calendar The week will end with the
As expected, the EUR/USD surge quickly reached the weekly R2 simple pivot point and the 1.1450 mark. By the middle of Thursday's trading, the rate had found resistance in the 1.1480 mark. Economic Calendar Analysis The week will end with the US Retail Sales and Core Retail Sales on Friday at 13:30 GMT. The pair has moved from 8.5 to 21.7 pips. Click
The price for gold surged faster than expected, as the bullion broke through the upper trend line of the channel up pattern and reached the 1,823.50 level on Tuesday. Afterwards, a consolidation down to the 1,815.00 level occurred. The 1,815.00 acted as support and started a surge. On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price
As the USD/JPY currency exchange rate was testing the resistance of the descending January high levels near 115.50, the US Consumer Price Index data was published. Namely, on Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. Economic Calendar The USD/JPY has moved from 19.1 to 31.3 pips on
On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. The GBP/USD currency exchange rate reacted by sharply moving to the 1.3680 mark, which at 14:00 GMT appeared to have stopped the jump. Economic Calendar On Thursday, at 13:30 GMT, the US Producers Price Index and Core Producers
On Wednesday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price index data was released. The USD reacted by declining. The data beat the forecasts, as the US CPI came in at 0.5% instead of the forecast 0.4%. Meanwhile, the US Core CPI was revealed to be 0.6%, compared to the expected 0.5%. The event pushed the EUR/USD
The price for gold eventually managed to pass the resistance of the 100-hour simple moving average and the 200-hour simple moving average near 1,800.00 and 1,805.00. In the meantime, a minor channel up pattern was spotted. The pattern had been guiding the price up since the start of January 7 trading. Economic Calendar Analysis The top data set of the week will
Despite piercing the lower trend line of the channel down pattern, the USD/JPY returned to trade in its borders. Namely, the support zone at 114.96/115.04 acted as support and caused a recovery. By the start of Tuesday's US trading hours, the rate had recovered to the combined resistance of the 100-hour simple moving average, weekly simple pivot point and the
On Tuesday, the GBP/USD currency exchange rate managed to pass the resistance of the 1.3600 mark. However, almost immediately resistance was provided by the 1.3620 level. The resistance held and a minor decline occurred. By the start of Tuesday's US trading hours the pair had retraced to the 100-hour simple moving average near 1.3560. Economic Calendar The top data set of
On Monday, the EUR/USD found support in the 1.1285/1.1287 zone. The zone has been acting as support since early January 6 trading hours. By the middle of Tuesday's trading hours, the rate had recovered and encountered resistance at the 1.1350 level. At the start of US trading hours at 14:30 GMT, the pair had retreated to the 1.1320 level. The 1.1320