After almost touching the 1,345.00 level gold retraced back down to the 55-hour SMA. The SMA, as expected, provided the needed support for the yellow metal to resume the surge. Economic Calendar Analysis On Thursday, all attention will be on the European Central Bank. At 11:45 GMT the Monetary Policy Statement will be published. On the release the EUR/USD has moved from
The USD/JPY reached the 108.40 level, as it was expected. Although, that level was reached with high volatility. Namely, the pair retraced back down to the 107.80 level just before reaching the target first time. Afterwards, the rate reached 108.40 in the next six hours. Latest Fundamental Event Institute for Supply Management released the US ISM Non-Manufacturing PMI data, which came out better-than-expected
By the middle of Thursday's London trading session the GBP/USD was trading between simple moving averages below the 1.2700 level. In general, our hourly candle chart analyst states that the rate most likely could trade sideways in the near term future. Latest Fundamental Event Institute for Supply Management released the US ISM Non-Manufacturing PMI data, which came out better-than-expected of 56.9 compared
After touching the 1.1300 level on Wednesday, the EUR/USD declined after encountering this level. The decline stopped at the combined support of the 100-hour SMA and a pivot point at 1.1218. In general, the rate was expected to get squeezed in between 1.1220 and 1.1250. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the US ISM Non-Manufacturing PMI
The surge of Gold continues. The 1,340.00 level was reached by the middle of Wednesday's London session. Moreover, the metal has not technical resistance as high as the 1,360 level. In addition, the 55-hour SMA is rather close by, indicating that the metal is not overbought. Economic Calendar Analysis On Thursday, all attention will be on the European Central Bank. At 11:45 GMT
After three attempts to push the USD/JPY down the 55-hour simple moving average failed. By the middle of Wednesday's trading, the USD/JPY had begun a surge to the 108.40 level. The rate was expected to meet with the resistance of a Fibonacci retracement level and 100-hour SMA near 108.40. Latest Fundamental Event Bureau of Economic Analysis released the US Prelim GDP data, which
The GBP/USD on Wednesday was continuing the previously started surge. The rate was still aiming at the resistance pf the pivot point at 1.2735. At that level the rate is expected to wait for the support of the approaching simple moving averages. Latest Fundamental Event Last Thursday, the Bureau of Economic Analysis released the US Prelim GDP data, which came out in
On Wednesday, the EUR/USD pair was testing the resistance of the 1.1280 level, which stopped the rates surge previously. At that level the 100-day simple moving average was located at. Due to that reason the daily candle chart is the one to be watched during the day. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the US
Gold booked a new high level on Tuesday. Although, it seems like the surge is over, as a consolidating short term decline could be observed by the middle of the day's London trading session. In general, the metal was expected to resume its surge, as soon as the support of a pivot point at 1,320.00 gets strengthened by the 55-hour simple
After reaching a new low level on Tuesday morning London trading hours, the USD/JPY began to recover. In general, the rate was expected to trade near the 108.00 level until it gets approached by technical resistance levels that push it down. Latest Fundamental Event Bureau of Economic Analysis released the US Prelim GDP data, which came out in line with expectations of 3.1%. According
The GBP/USD has broken the resistance of the 200-hour simple moving average. Due to that reason it has no technical resistance as high as the 1.2735 level. At that level the rate would meet the first resistance of the simple weekly pivot points. Latest Fundamental Event Last Thursday, the Bureau of Economic Analysis released the US Prelim GDP data, which came
On Monday, the EUR/USD broke the resistance of a junior pattern and jumped up to the 1.1260 level before it paused the surge. On Tuesday, a consolidation was taking place, which could be followed by a continuation of the surge of the pair. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the US ISM Manufacturing PMI data
Gold has continued to surge, as it has reached the levels just below the 1,320.00 mark. In general, if the commodity price surges above the monthly pivot point at 1,319.79, it will have no technical resistance as high as 1,333.00 Economic Calendar Analysis This week will have various data releases and monetary policy announcements occurring. On Monday, the ISM Manufacturing PMI will be
On Monday, the USD/JPY was recovering after the sharp 185 pip 1.68% decline that it experienced since Thursday. In general, the surge was expected to be stopped by the resistance of the 38.20% Fibonacci retracement level at 108.44. Latest Fundamental Event Bureau of Economic Analysis released the US Prelim GDP data, which came out in line with expectations of 3.1%. According to the official
The surge of the GBP/USD was stopped by the resistance of the 200-hour simple moving average at 1.2660. The rate made a couple of attempts at passing it before it plummeted down to the 1.2615 mark. Latest Fundamental Event Bureau of Economic Analysis released the US Prelim GDP data, which came out in line with expectations of 3.1%. According to the official release:
The EUR/USD has managed to pass the resistance of the hourly candle chart's simple moving averages. Namely, it has reached the resistance of the 1.1190 level on Monday morning. In general, the rate is being squeezed in between technical support levels at 1.1165 and the resistances at 1.1180 and 1.1190. Latest Fundamental Event The European Common Currency traded sideways against the US
A fundamental surge has occurred. Due to another Trump tariff announcement the USD dropped like a brick. As a result of that commodity prices have jumped. Gold touched the 1,300.00 level on Friday. Economic Calendar Analysis The week will end with the Canadian GDP publication at 12:30 GMT. This event has caused moves from 21 to 64 pips since December. Click Here: Economic
The USD/JPY is once more ignoring technical levels. Namely, after signalling a surge and breaking through resistance levels on Thursday, the rate immediately began a decline, which had reached down to 108.80 on Friday. Meanwhile, take into account that the rate has become oversold due to the sharp move down. Latest Fundamental Event Bureau of Economic Analysis released the US Prelim GDP data,
The GBP/USD has broken the resistance of the descending channel pattern, which guided it lower for the most part of May. Although, before surging and breaking the resistance of the pattern the rate reached a new low level by shortly reaching below the 1.2590 level. Latest Fundamental Event Bureau of Economic Analysis released the US Prelim GDP data, which came out in
The support of the 1.1120 level has forced the EUR/USD into a retracement back up. A retracement, which on Friday morning was about to reach the 1.1160 level. At that level the rate was expected to face the resistance of the 100 and 200-hour simple moving averages. The future forecasts are based on these SMAs. Latest Fundamental Event The European Common Currency
Gold has continued to trade with high volatility. By the middle of Thursday's trading session gold prices had declined below most close by technical support levels. In general, the rate was expected to continue its decline until it reaches the support of a 38.20% Fibonacci retracement level at 1,273.68. Economic Calendar Analysis On Thursday, at 12:30 GMT the US Preliminary GDP will be
The USD/JPY has ignored the technical levels that were expected to push it down. The rate has surged up to the 109.80 level. If the rate manages to pass the resistance levels at 109.80, it could reach the 110.23 level. Latest Fundamental Event The Federal Reserve released the FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic and
As expected, the hourly simple moving averages have pushed the GBP/USD into reaching a new low level. Namely, the rate has been pushed into trading between the 1.2620 and 1.2640 levels. Latest Fundamental Event The British Pound traded sideways against the US Dollar, following the UK Retail Sales data release on Friday at 08:30 GMT. The GBP/USD exchange currency rate lost 5
The EUR/USD has reached another target. The currency exchange rate has fallen to the support of the weekly S1 at the 1.1138 level. In addition, the rate passed this support level and reached as low as 1.1125. Latest Fundamental Event The European Common Currency depreciated against the US Dollar, following the German Flash PMIs data set release on Thursday at 01:30 GMT.