The announcement of a new coronavirus vaccine occurred, as the rate reached the 1.3400 level. The event caused a surge of the USD, which means that the GBP/USD rate declined. The decline stopped near the 1.3265 level. By the middle of Tuesday's GMT trading hours, the rate had managed to recover to the 1.3380 level, which provided resistance and
On Monday, a sudden surge of the USD occurred, which was attributed to the announcement of a new coronavirus vaccine. As a result, the EUR/USD currency exchange rate plummeted to the 1.1800 level. By the start of the US trading on Tuesday, the rate had recovered and had once again tested the previously broken resistance zone near 1.1890 and
Last week, the DUK+/EUR currency exchange rate ended sideways trading and reached the large sell order cluster at the 1.8900 level. This week, there were still sell orders present near this level. However, their number was a lot smaller, which indicated that more gains are possible. Daily Candle Chart On the daily candle chart, the surge can be explained by using
Gold traded sideways until AstraZeneca announced that another coronavirus vaccine is ready. This caused a drop of the yellow metal's price. Namely, it plummeted to the 1,835.00 level. Economic Calendar Analysis On Wednesday, at 12:30 GMT, the usual US weekly Unemployment Claims are set to grab the attention of the financial media despite the event not moving the markets. At the same
On Monday, the USD/JPY currency exchange rate suddenly surged, as another coronavirus vaccine was announced. This time AstraZeneca stated that its vaccine was around 90% effective. This event caused a surge of the rate, which passed the 104.25 level. During the surge, the resistance of the 55 and 100-hour SMAs together with the weekly pivot point were broken. Economic Calendar On Monday,
By the middle of Friday's European trading hours the GBP/USD currency exchange rate reached the 1.3380 level. In the meantime, it was spotted on the daily candle chart that the rate had broken a large scale channel up pattern. Economic Calendar On Monday, the day is scheduled to end with the US PMIs at 14:45 GMT. Previously, the event did not cause
The EUR/USD started the week by finding support in the 55 and 100-hour SMA and afterwards surging to the resistance zone near 1.1890. By the middle of the day, the zone was passed, as the rate pierced it at 11:00 GMT. In the near term future, the pair was expected to test the combined resistance of the weekly R1 simple
On Friday morning, the yellow metal's price was approached by the resistance of the 55-hour simple moving average. It stopped the commodity price's attempt to recover. Economic Calendar Analysis On Monday, the US PMIs are set to be released at 14:45 GMT. Previously, the event did not cause adjustments in the USD value. However, in the most recent past the situation has
The 104.20 mark, which was reached on Thursday, stopped the USD/JPY recovery. The event was followed by a decline back down to the 103.80 level. Since Thursday's late trading hours, the rate has been trading almost sideways near the mentioned level. Economic Calendar On Monday, the US PMIs are set to be released at 14:45 GMT. Previously, the event did not cause
On Thursday, the 1.3200 level provided the GBP/USD with enough support for the rate to surge above the resistance of the hourly simple moving averages. By the middle of Friday, the rate traded above the 1.3260 level, which was supported by the 55-hour SMA. Economic Calendar On Monday, at 09:30 GMT, the UK Markit PMIs are set to be published and
The 1.1820 level provided enough support to the EUR/USD currency exchange rate for it to surge and once again test the resistance of the 1.1890 level. On Friday, the rate had bounced off this level and declined to the 1.1850 mark. Economic Calendar Analysis Next week, the top of the tops day will be Monday. On that day, Markit PMIs are scheduled
On Thursday, the yellow metal traded between the 1,860.00 and 1,865.00 levels. In the meantime, the simple moving averages were located above the commodity price. Economic Calendar Analysis On Thursday, expect the usual US Unemployment Claims at 13:30 GMT. Click on the link below to find out more about the data releases of this and other currency exchange rates. 16.11-20.11 Event Historical Reactions XAU/USD short-term
On Wednesday, the USD/JPY's decline reached a new low level, as the rate touched the 103.65 level. However, after trading sideways, the rate began a recovery on Thursday, which reached the resistance of the 104.20 Economic Calendar On Thursday, expect the usual US Unemployment Claims at 13:30 GMT. Click on the link below to find out more about the data releases of
The surge of the GBP/USD continued until it reached the resistance of the weekly R1 simple pivot point at 1.3310. At mid-day on Thursday, the currency exchange rate had reached the support of the weekly PP at 1.3208. After reaching the weekly PP, the rate traded between the pivot point and the 55-hour simple moving average. Economic Calendar On Thursday, expect the
On Wednesday, the EUR/USD currency exchange rate failed to pass the resistance of the 1.1890 level, which provided enough resistance for the pair to start a decline. By the middle of Thursday's GMT trading hours, the currency exchange rate had reached below all close by technical support levels and touched the 1.1820 mark. Economic Calendar Analysis On Thursday, expect the usual US
The yellow metal experienced a sharp drop on Monday, which was followed by an immediate recovery. The event was attributed to the announcement of another coronavirus vaccine. In regards to the near term future, the metal was being affected by both round price levels and the hourly simple moving averages. Economic Calendar Analysis Notable data releases start on Tuesday. At 13:30 GMT, expect
On Monday, the USD/JPY currency exchange rate experienced a sharp move upwards, which was caused by the announcement of another, more effective coronavirus vaccine. However, afterwards the rate retraced back down to the 104.50 level. Moreover, by the middle of Tuesday's GMT trading hours, the rate had reached a new low level, as the 104.25 mark was providing support. Economic Calendar Notable
As forecast, the GBP/USD currency exchange rate surge on Monday. However, the surge was caused by the 55-hour SMA instead of the 200-hour SMA. In the meantime, the rate has revealed a channel up pattern, which has guided the rate since Friday. Economic Calendar Notable data releases start on Tuesday. At 13:30 GMT, expect the US Retail Sales data sets to
The support of the hourly moving averages managed to push the EUR/USD up. By the middle of Tuesday's European trading hours, the pair had passed the resistance zone near the 1.1870 level. Meanwhile, analysts spotted a channel up pattern on the chart, which captures the rate's surge that has been occurring since November 11. Economic Calendar Analysis Notable data releases start on
Throughout the last week, the DUK+/EUR currency exchange rate traded between the support of the 100-day simple moving average and the resistance of the 55-day SMA. This week, the rate could end the sideways trading, as some trader had set up a notable amount of sell orders at the 1.6000 mark, which is between the SMAs. Daily Candle Chart On the daily
At mid-day on Monday, the price for hold plummeted from 1,890.00 to 1,865.00. The move was forecast in the short term daily review. In regards to the near term future, the metal had no technical support. However, the 1,860.00 level could provide support. Economic Calendar Analysis Notable data releases start on Tuesday. At 13:30 GMT, expect the US Retail Sales data sets
The decline of the USD/JPY currency exchange rate has continued, as on Monday, the pair touched the 104.40 level. Meanwhile, the rate had passed all technical resistance levels, which could provide support as low as 103.39. Economic Calendar Notable data releases start on Tuesday. At 13:30 GMT, expect the US Retail Sales data sets to slightly increase USD volatility. On Thursday, expect the
On Monday, after touching the 1.3240 level, the GBP/USD currency exchange rate declined to the support of the 55-hour SMA. Meanwhile, the rate was being approached by the support of the 200-hour simple moving average. Due to that reason the forecast of a surge was favoured. Economic Calendar Notable data releases start on Tuesday. At 13:30 GMT, expect the US Retail Sales
On Monday, the EUR/USD reached the 1.1870 level, from which it bounced off to retreat to the new weekly simple pivot point at 1.1835. In the meantime, the currency exchange rate was being approached by the support of the 55, 100 and 200-hour simple moving averages. Economic Calendar Analysis Notable data releases start on Tuesday. At 13:30 GMT, expect the US Retail