During Monday morning, the GBP/USD exchange rate was trading at the weekly S1 at 1.2985. Note that the exchange rate is pressured by the 55-, 100- and 200-hour SMA. Thus, some downside potential could prevail. Economic Calendar Today, the US Consumer Price Indices might cause a minor move on the US Dollar pairs. Meanwhile, this week's scheduled event historical data tables have been published.
During Tuesday morning, the EUR/USD currency pair was testing the resistance formed by the weekly PP at 1.1139. Note that the pair is pressured by the 200-hour SMA. Thus, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis Today, the US Consumer Price Indices might cause a minor move on the US Dollar pairs. Meanwhile, this week's
On Monday morning, the XAU/USD exchange rate consolidated around the 1,555.00 level. Given that the rate is squeezed by the 100- and 200-hour SMAs, it is likely that the price for gold could maintain its consolidation. Economic Calendar Analysis This week's data releases will start with the US CPI and Core CPI on Tuesday at 13:30 GMT. Meanwhile, this week's scheduled event historical data
Since Friday, the USD/JPY currency pair has been consolidating at the 109.60 level. Note that the pair is supported by the 55-hour SMA. Thus, some upside potential could prevail in the market. Economic Calendar On Tuesday, the US Consumer Price Indices might cause a minor move on the US Dollar pairs. Meanwhile, this week's scheduled event historical data tables have been published. Click on
During Monday morning, the GBP/USD exchange rate dropped below 1.3020. Note that the exchange rate is pressured by the 55-hour SMA. Thus, some downside potential could prevail. US ISM Non-Manufacturing PMI Automatic Data Processing, Inc. released the US ADP Non-Farm Employment Change data, which came out better-than-expected of 202K compared with the forecast of 160K. The data, as it had done before,
During Monday morning, the EUR/USD currency pair was testing the resistance provided by the 100-hour SMA at 1.1126. If the given resistance holds, it is likely that a reversal south could occur in the nearest future. US ISM Non-Manufacturing PMI The European Common Currency traded sideways against the US Dollar, following the US ISM Non-Manufacturing PMI survey results release on Tuesday at
On Friday, the yellow metal traded above the support of the 200-hour simple moving average, which was supported by the R1 monthly pivot point at 1,544.31. In general, the price was expected to trade sideways until the resistance of the 55-hour simple moving average approaches. Economic Calendar Analysis The week will end with the three US employment data sets being published at 13:30
After many attempts, the USD/JPY managed to pass the resistance of the 50.00% Fibonacci retracement level, which was located at the 109.58 level. By the middle of Friday's London trading session, the rate had reached the 109.65 level. Economic Calendar The week will end with the three US employment data sets being published at 13:30 GMT. Since August 2019, the USD/JPY has moved
The retracement back up of the GBP/USD met with the resistance of the 55-hour SMA, which stopped the surge on Friday morning near the 1.3090 level. The future forecast scenarios were based upon whether the resistance of the 55-hour SMA holds. US ISM Non-Manufacturing PMI Automatic Data Processing, Inc. released the US ADP Non-Farm Employment Change data, which came out better-than-expected of
The situation on the EUR/USD charts has not changed, as the pair traded sideways since Thursday. However, during the Friday's London trading morning hours, the 55-hour SMA approached the rate and began to provide downwards pressure. The SMA was expected to cause a decline. US ISM Non-Manufacturing PMI The European Common Currency traded sideways against the US Dollar, following the US ISM
The yellow metal declined on Thursday, as risk on sentiment returned in the markets. By the middle of the day's London trading hours, the rate had reached the support of a pivot point at 1,544.31. In addition, an attempt to pass the pivot point was stopped by the technical support of the 200-hour simple moving average at 1,541.00. Economic Calendar Analysis The week
As expected, the USD/JPY has continued to represent the risk on versus run to safety sentiments. The latest announcements of Iran standing down and the US not escalating have been the cause for a US Dollar's recovery against the Yen. By the middle of Thursday's London trading hours, the pair had reached the resistance of a monthly pivot point at 109.47. In
During Thursday's morning hours, the GBP/USD dropped to the 1.3020 level, where it found support and began a retracement back up. In the meantime, the pair had broken off the resistance of the 55, 100 and 200-hour simple moving averages and left them above 1.3115. US ISM Non-Manufacturing PMI Automatic Data Processing, Inc. released the US ADP Non-Farm Employment Change data, which
The EUR/USD reached the targeted weekly S1 pivot point that is located at the 1.1112 level. The rate managed to pierce this level before starting to trade sideways. In general, the EUR/USD was expected to continue its decline, as soon as the consolidating sideways trading ends. US ISM Non-Manufacturing PMI The European Common Currency traded sideways against the US Dollar, following the
The Iranian government fired rockets at US bases in Iraq. The news caused a spike of gold prices. However, as soon as it was revealed that there were no casualties, gold began to decline. By the middle of London's trading session, the rate had retreated back below the 1,580.00 level. Meanwhile, the move was consistent with the technical chart from more than
By the middle of Wednesday's London trading hours, the USD/JPY reached the resistance of the 200-hour simple moving average at 108.82. However, take into account that before the rate recovered to this level it dropped down to the support of a monthly pivot point at 107.65. With it, a new low level was booked. The drop was caused by the
On Wednesday, the GBP/USD passed the support of the 200-hour SMA, which kept it from declining since the middle of Tuesday. This event signalled that a decline of the pair is most likely. Although, by the middle of Wednesday's London trading hours, the pair's decline was stopped by the support of the 1.3100 level. Economic Calendar On Wednesday, the ADP Non-Farm Employment Change
The EUR/USD exchange rate has continued to decline. By the middle of Wednesday's trading, the pair had reached below the 1.1130 and continued to decline. In the meantime, take into account that the pair did make a retracement back up during late Tuesday's GMT hours. Economic Calendar Analysis On Wednesday, the ADP Non-Farm Employment Change is scheduled to be released at 13:15 GMT.
DUK+/EUR started the year by breaking the resistance of the 1.3800 level, which kept it down at the end of last year. In general, the rate had only the resistance of the pivot points. Meanwhile, there was a lack of sell orders. On the other hand, the pair had left below the daily simple moving averages. This factor indicates that the
After reaching a seven year high on US-Iran tensions, the yellow metal began to retreat. The price declined to the support of the 55-hour simple moving average and reversed at 1,555.00. On Tuesday, the pair was set to be pushed by the simple moving average into the resistance of the weekly R2 pivot point at 1,570.60. Economic Calendar Analysis This week, data releases
On Monday, the US Dollar managed to gain against the Japanese Yen. It pierced the resistance of the S1 monthly pivot point at 108.17 and reached for the 108.50 level. At that level the rate was stopped by the weekly pivot point. Throughout the first half of European Tuesday's trading hours, the rate remained below the pivot point. Economic Calendar This week, data
On Tuesday, the GBP/USD reached the 1.3200 level, which it managed to pierce. Namely, for a short period of time the rate traded above the 1.3200 level. In addition, take into account that a channel down pattern has been spotted, connect the December high and low levels to draw it. Economic Calendar This week, data releases will start on Tuesday at 15:00 GMT.
EUR/USD bounced off the resistance of the 1.1200 level. By the middle of Tuesday's trading session, the pair had reached below the 1.1170 level. During the decline, the rate easily passed the support of the 55 and 100-hour SMAs and the weekly pivot point. Economic Calendar Analysis The week's data releases will start on Tuesday at 15:00 GMT. The US ISM Non-Manufacturing PMI
The Iranian-US turmoil propelled the yellow metal, as funds ran to safety. The metal's price managed to shortly reach above a 100.00% Fibonacci retracement level at 1,580.00 Our analysts set speculative high level at this mark, by using the low level of 2018 and setting the 23.60% retracement at the early 2019 high level. Economic Calendar Analysis This week, data releases will start