The USD/JPY on Friday remained in the previous day's trading range. Namely, it fluctuated between 110.40 and 110.95. The rate is set to get additional support from the 55-day simple moving average, which on Friday was located near the 110.20 level. The approaching of the level might end the sideways trading. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where
On Friday the GBP/USD was trading near the 1.3100 level. In general, the rate was still mostly reacting to fundamental Brexit news. It makes sharp moves Brexit announcements. When the news have no new information, the currency exchange rate mostly trades sideways. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK CPI data released on Wednesday at 09:30
On Friday morning the EUR/USD plummeted downwards. The move was caused by the publication of the Markit German PMI data sets. Our analysts were covering the data release live. A report on the event will be available in the near future. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release on Wednesday at
Gold price has tested the 1,310.00 as expected. In addition, the metal's price has continued to trade afterwards in accordance with the trend patterns. To be exact, a large scale pattern's resistance line pushed the rate down at the 1,310.00 level and was still holding during the second part of Wednesday's trading. Economic Calendar Analysis This week will be busy for fundamental announcement
On Wednesday, the USD/JPY surged, as it had bounced off the lower trend line of a medium scale pattern and broke through the resistance provided by the upper border of a smaller scale channel down pattern. In general, from the technical trend analysis Dukascopy Analytics deduct that the rate will continue to surge. Latest Fundamental Event The Bureau of Labor Statistics released US
Another drop of the GBP/USD was caused by a fundamental Brexit announcement. Namely, the Prime Minister of the United Kingdom announced requested an extension of the Brexit deadline. The GBP/USD started to plummet like a brick, as the PM did not announce a clear plan of action. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK CPI
The EUR/USD has reached the resistance levels at the 1.1365 mark. However, before doing that the currency exchange rate declined down below the 1.1340 level. Due to that reason it is assumed that most likely no short term traders managed to profit from the recent fluctuations. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US CPI and
The yellow metal has surged above the 1,305.00 level on Tuesday. The commodity price is expected to reach the 1,310.00 level, which is expected to once more provide resistance to the rate, as it did during the previous week. Economic Calendar Analysis This week will be busy for fundamental announcement traders. Both the central banks and various statistics offices are set to
The USD/JPY rate has plummeted down to the 111.20 level. The rate had finally reached the lower trend line of a dominant ascending pattern, which was keeping the rate from declining. Latest Fundamental Event The Bureau of Labor Statistics released US PPI data that came out lower-than-expected of 0.1% compare to forecasted 0.2%. Note, the US Core PPI was released at
On Tuesday, the GBP/USD continued to trade below the 1.3300 level. Meanwhile, during the previous trading session the rate managed to confirm the lower trend line of an ascending pattern on the hourly chart. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Average Earnings Index release on Tuesday at 09:18 GMT. The GBP/USD exchange currency rate
On Tuesday the EUR/USD was making another attempt to pass the resistance of the 1.1360 level, which forced the rate into a decline down to 1.1325 on Monday. If the rate passes this level, it will immediately face the resistance of the monthly pivot point at 1.1365. Instead it is more likely that the pair will trade sideways until the support
On Monday, the yellow metal's price broke a dominant resistance line near the 1,305.00 level. The price had decreased volatility on Monday, as it traded in the range between 1,304.00 and 1,306.00. The commodity was waiting for future signals. One could be provided by the Federal Reserve announcements on the future value of the USD on Wednesday. Economic Calendar Analysis This week will
The USD/JPY started the week's trading in the previous trading session's range. Namely, it traded between the support levels just above the 111.40 level and the resistance at 111.60. The rate is expected to surge, as the 100 and 200-hour simple moving averages, which are providing support, could push the rate through the resistance at 111.60. Latest Fundamental Event The Bureau of Labor
On Monday, the GBP/USD bounced off the resistance provided by the 1.3300 level. By the middle of London trading session the rate had declined down to the 1.3215 level. In general, from a technical perspective the pair should stop at 1.3215, as the 100-hour simple moving average and the weekly pivot point were providing technical support at that level. Latest Fundamental Event The
As expected, the EUR/UDS has reached the 1.1350 level, which was passed on Monday. In the near future the pair is expected to reach the technical resistance of the monthly pivot point at 1.1365. If this level is passed, the weekly R1 at 1.1373 will provide resistance to the currency exchange rate. Latest Fundamental Event The European Single Currency appreciated against the US
The yellow metal has found support in the 200-hour simple moving average, which has forced the pair into a surge. By the middle of Friday's trading, the commodity price traded above the 1,300.00 level. In addition, on the Dukascopy Analytics technical charts the pair had no resistance as far as the 1,321.00 level. Economic Calendar Analysis The week's important macroeconomic data releases have
After reaching the high level of 111.90 during the midnight hours from Thursday to Friday, the USD/JPY retreated down to the 111.70 level. At that level the pair traded sideways. In general, the USD/JPY was expected to resume the surge as soon as the 55-hour simple moving average would approach and provide support to the rate. Latest Fundamental Event The Bureau of Labor
On Friday the GBP/USD traded sideways, as the major voting in the UK Parliament had ended. Although, the politics continue. During the day's trading session various politicians continued to make statements about the future of Brexit. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK GDP data release on Tuesday at 09:30 GMT. The GBP/USD exchange currency
The EUR/USD has remained below the 1.1340 level on Friday. Previously, the rate had retreated down to the 1.1300 level during Thursday's trading, where it found support for a surge. In general, the rate is expected to resume its attempt to reach the technical resistance levels at 1.1350. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US
After reaching the 1,310.00 level gold prices began a decline, which had reached below the 1,300.00 level by the middle of Thursday's trading session. In addition, on the Dukascopy Analytics technical charts the pair had no resistance as far as the 1,321.00 level. Economic Calendar Analysis The week's important macroeconomic data releases have ended. Join on Monday to the Economic Calendar analysis stream
After retracing downwards below all of the short term support levels on Wednesday, the USD/JPY jumped on Thursday and broke all close by technical resistance levels. By the middle of Thursday's trading session the rate had reached above the 111.50 level. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data lower-than-expected of 20K compared to forecast 180K. Note, that
Volatility remains high on the GBP/USD charts. The main reason for it is the turmoil in the UK Parliament, as the United Kingdom lawmakers cannot agree on a common course in regards to the country's membership in the European Union. On Friday, the Parliament was set to vote on whether to extend the Brexit deadline. Previously, the lawmakers denied an updated
A new high level has been reached by the EUR/USD. Namely, the pair had reached the 1.1340 level and bounced off it. By the middle of Thursday's trading session the rate was retreating to the 1.1300 level. That level together with the support of the 55-hour SMA is expected to cause a resumption of the surge. Latest Fundamental Event The European Single Currency
Gold has broken the 1,300.00 level and surged up to the 1,310.00 level by the middle of Wednesday's trading session. In addition, on the Dukascopy Analytics technical charts the pair had no resistance as far as the 1,321.00 level. Economic Calendar Analysis The week's important events will end already on Wednesday. At 12:30 GMT the US Durable Goods Orders and the US