On Thursday, US President Donald Trump tweeted on US-China trade deal, which caused a jump of the value of the US Dollar. As a result of this event, the price of gold first jumped above 1,485.00 and afterwards plummeted to 1,465.00. In the near term future, the price should consolidate, as the news are taken in by the market. Economic Calendar
On Thursday, as the US market opened, the USD/JPY jumped. The reason was a tweet by the US President Donald Trump on trade deal progress with China. The surge managed to pierce the 109.00 level, which signalled that the pair might reach even higher. Economic Calendar The week is set to end with the US Retail Sales data on Friday at 13:30 GMT.
On Thursday, the GBP/USD touched the support of the 1.3120 level. During the second part of London trading hours, the pair bounced off this level and began to test the resistance of the 55-hour simple moving average. Meanwhile, as the UK general elections were taking place, our analysts expected that all technical levels would be ignored by the rate. The results
Wednesday's FOMC announcements and Press Conference caused a surge of the EUR/USD currency exchange rate to the 1.1140 level. In the near term future, the rate was expected to consolidate by trading sideways or declining to the support of the pivot point at 1.1118. Economic Calendar Analysis On Thursday, the European Central Bank is set to make its rate announcement at 12:45 GMT.
On the first half of Wednesday, the XAU/USD exchange rate was testing the resistance formed by the 100- and 200-hour SMAs. If the given resistance holds, it is likely that yellow metal could consolidate against the US Dollar in the short run. Economic Calendar Analysis This week there are a couple of events that could impact the rate. On Wednesday, at 13:30
On Wednesday, the the USD/JPY currency pair was squeezed 55-, 100- and 200-hour moving averages. If the given moving averages hold, it is likely that the pair could trade sideways in the 108.80 area in the nearest future. Economic Calendar This week there are a couple of events that could impact the rate. On Wednesday, at 13:30 GMT the US CPI and Core
On Wednesday, the GBP/USD exchange rate was testing the resistance formed by the 55- and 100-hour SMAs, located circa 1.3150. It it likely that the rate could trade sideways between the Fibo 50.00% and the monthly R2, located at 1.3196 and 1.3115 respectively. Economic Calendar This week there are a couple of events that could impact the rate. Today, at 13:30 GMT
On Wednesday morning, the EUR/USD currency pair was testing the support provided by the 55- and 100-hour moving averages circa 1.1080. If the given moving averages hold, it is likely that the pair could try to reach the psychological level at 1.1100. Economic Calendar Analysis This week there are a couple of events that could impact the EUR/USD rate. Today, at 13:30 GMT
The support of the 1,460.00 level provided enough strength for the metal to break three technical resistance levels. By the middle of Tuesday's London trading, the commodity price was expected to reach the 1,470.00 level. At that level, the price should meet with the resistance of the 100-hour simple moving average, which is the last technical resistance before the 1,475.00
As expected, a bounce off from the support of the 38.20% Fibonacci retracement level at 108.44 caused a surge up to the 55 and 100-hour simple moving averages. In general, the rate is expected to get squeezed in between the SMAs and the retracement level. A squeeze would afterwards result in a break out. A break out can occur either up
On Tuesday, the GBP/USD was approached by the additional support of the 100-hour simple moving average. The SMA strengthened the support of the 1.3140 level and pushed the rate higher. By the middle of the day's London trading hours, the rate had approached the resistance of the 1.3180 level, which stopped a surge on Monday. Economic Calendar This week there are a couple
On Tuesday morning, the EUR/USD was piercing the resistance of the 1.1080 level. Previously, on Monday, the rate failed to pass this level. If this level fails to hold the rate down, the pair would reach for the psychological resistance of the 1.1100 mark. Economic Calendar Analysis This week there are a couple of events that could impact the EUR/USD rate. On Wednesday,
Dukascoin started the week by testing the resistance of the 1.3000 level. In general, it was expected that the DUK+/EUR pair could pass this level, as it had pierced through it on Sunday, December 8. However, at that level there was a concentration of sell orders, which was slowing down the assets attempts to surge. Daily Candle Chart On the daily
The yellow metal plummeted on Friday, as good US employment data caused a surge of the US Dollar's value. On Monday, the metal's price had slightly recovered and reached the resistance of the 200-hour simple moving average near 1,465.00. Economic Calendar Analysis This week there are a couple of events that could impact the rate. On Wednesday, at 13:30 GMT the
On Monday, the USD/JPY has reached the support of the 38.20% Fibonacci retracement level at 108.44. In theory, the pair should trade above this level until the resistance of the 55 and 100-hour simple moving averages approach the rate. US Employment Data The Bureau of Labor Statistics released the US Non-Farm Employment Change data, which came out better-than-expected of 266K compared with
On Monday, the GBP/USD was being kept up by the technical support of the 55-hour simple moving average near the 1.3150 level. If the SMA would manage to continue to push the rate up, the pair should eventually reach the 1.3200 level, where a 50.00% Fibonacci retracement level was located at. US Employment Data The Bureau of Labor Statistics released the US
The EUR/USD has found support in the 200-hour SMA, and, by the middle of Monday's European trading session, the rate had reached the resistance of the 55 and 100-hour SMAs near 1.1080. The rate's future movements were based upon what would happen at the 1.1080 mark. US Employment Data The European Common Currency depreciated against the US Dollar, following the US Employment
The metal failed to pass the resistance of the 1,480.00 level on Thursday. By the middle of Friday's trading, the price had declined and found support in the 100-hour SMA at 1,471.30. In general, the price was expected to get squeezed in between the resistance of the 55-hour SMA and a pivot point near 1,475.50 and the support of the
As expected, the 109.00 level managed to hold and the USD/JPY currency exchange rate has retreated. By the middle of Friday's trading the pair had reached the 108.60 level and had no support as low as 108.40. In general, the rate was expected to reach the support levels at 108.40 and future forecast scenarios were based upon what would happen at
For fifteen hours, the GBP/USD made attempts to pass the 1.3165 level. On Friday, the rate failed at passing this level and retreated down to the support of three technical levels near 1.3110. In general, the rate was expected to find support in the 55-hour SMA, which should push the rate into the resistance of a 50.00% Fibonacci retracement level at
On Friday, the EUR/USD continued to be pushed higher by the support of the 55-hour simple moving average. By the middle of the day, the SMA had approached and strengthened the support of the pivot point at 1.1093. In addition, the pair was being approached by the 100-hour simple moving average, which had surged above the 1.1080 level. US ISM Non-manufacturing
The yellow metal's price has retreated to the 55-hour SMA, which stopped its decline on Wednesday. By the middle of Thursday's trading session, the SMA had caused a surge. The metal's price was set to once again test the psychological resistance of round price levels. Economic Calendar Analysis On Friday, the US Employment data sets will be published at 13:30 GMT. The
The recovery of the USD/JPY continued on Thursday, as the rate had reached the 109.00 level. In the meantime, the future of the surge of the pair was unlikely, as the pair faced three resistance levels just above the 109.00 mark. Fundamentals Crash US Dollar Since Monday, December 2, the US Dollar has been depreciating. Most likely, the Greenback is pressured
By the middle of Thursday's London trading session, the GBP/USD had reached the 1.3150 mark. If the surge continues, the rate should aim first at the 1.3200 level and afterwards at a pivot point at 1.3244. Fundamentals Crash US Dollar Since Monday, December 2, the US Dollar has been depreciating. Most likely, the Greenback is pressured by various fundamental events. Firstly, on