Since last week, the US Dollar has continued to strengthen due to the good GDP data giving the needed push. On the EUR/USD charts by mid-Wednesday it had resulted in a decline below 1.0800. Economic Calendar Analysis On Friday, watch out for the US employment data release. The release is bound to impact the financial markets through the value of the US
Since reaching the 2,050.00 mark, the price for gold has remained below it, as the price appears to be consolidating in the 2,040.00/2,050.00 range. From a fundamental perspective it is explained by the strengthening of the US Dollar that was caused by the publication of the US GDP data.In the meantime, traders stick to short positions, expecting the price to
Despite the recent strengthening of the US Dollar that was caused by the US GDP data release, the USD/JPY has declined. The rate appears to have been pushed down by the 50-hour simple moving average. On Thursday morning, the currency exchange rate was once again finding support in the 147.00 mark. Economic Calendar On Thursday, the publication of the US Core PCE
The GBP/USD surge has paused due to additional strength of the US Dollar. Namely, the higher than expected Wednesday's reveal of US GDP has strengthened the US Dollar and forced the pair to trade sideways. It has been spotted that the trading occurs between the resistance of the weekly R2 simple pivot point and support of the weekly R1 simple
On Wednesday, at 13:30 GMT, the United States Bureau of Economic Analysis published the US Preliminary Gross Domestic Product data. The markets expected the US GDP to have increased by 5.0% on a quarter to quarter basis. However, the actual number turned out to be 5.2%. The news strengthened the US Dollar and caused a decline of the EUR/USD. However, the
The price for gold started a major surge at mid-day on Tuesday. The surge eventually reached and pierced the 2,050.00 mark. During the move, the rate shortly paused near 2,040.00, before breaking the ascending channel pattern to the upside. However, during the first half of Wednesday a retracement downwards occurred, as traders took profits before the release of the US Preliminary
The decline of the US Dollar against the Japanese Yen reached below the 147.00 mark at midnight to Wednesday. However, it was followed by a recovery, as the short sellers are taking gains before the release of the US Gross Domestic Product data scheduled for 13:30 GMT. The data set is expected to impact the pair and set its future
The GBP/USD gained additional support from the 50-hour simple moving average and extended its surge. The surge eventually hit the resistance of the weekly R2 simple pivot point at 1.2724 that combined with the fundamental background started a consolidating decline. Namely, the markets wait for the US GDP release at 13:30 GMT, due to which profits from the long positions
The resistance zone at 1.0950/1.0965 failed to hold, as the additional support of the 50-hour simple moving average approached. The follow up surge easily passed above the weekly R1 simple pivot point at 1.0982 and pierced the 1.1000 mark. However, during the first half of Wednesday's trading the pair started a decline. In general, the bulls were taking gains, as they
After the initial surge, on Monday the price for gold fluctuated between the 2,010.00 and 2,015.00 levels. On Tuesday, the price firmly fluctuated around the 2,015.00 mark. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Preliminary quarterly GDP is expected to impact the financial markets through the value of the US Dollar. On Thursday, the publication of the US Core
The USD/JPY currency pair has passed below the support of the 50, 100 and 200-hour simple moving averages, and the combination of the weekly simple pivot point at 148.84 and the support range at 148.55/148.75. On Tuesday morning, the pair found support in the 148.00 mark and confirmed the 148.55/148.75 range as resistance. Economic Calendar On Wednesday, at 13:30 GMT, the US
The GBP/USD currency exchange rate has continued to benefit from the broader weakness of the US Dollar. Most recently, the pair managed to reach above the 1.2600 mark. On Monday the 1.2600 mark was confirmed as support. On Tuesday, the rate was approached by the additional support of the 50-hour simple moving average. Economic Calendar On Wednesday, at 13:30 GMT, the US
On Monday, the EUR/USD currency exchange rate approached the November high level zone at 1.0950/1.0965. By mid-Tuesday, situation had not changed, the rate remained below this level and was testing its resistance. Economic Calendar Analysis This week, the EUR/USD could react to the publication of the German and Spanish Consumer Price Indices on Wednesday morning. On Wednesday, at 13:30 GMT, the US
The support of the 100-hour simple moving average held on and eventually forced the price for gold to surge. The surge managed to finally break the resistance of the 2,005.00 level. During the first half of Monday's trading the surge struggled to reach above the 2,015.00 level that has turned out to be resistance. Economic Calendar Analysis On Wednesday, at 13:30 GMT,
The USD/JPY has continued to try and move above the 149.65/149.75 range. On Monday, the pair once again failed. However, this time the failure resulted in a decline. The rate move to the 148.55/148.75 range, which provided support. By mid-Monday, the pair had started a recovery that was approaching the 149.50 level and the 50 and 200-hour simple moving averages. Economic
The GBP/USD currency exchange rate has continued to benefit from the broader weakness of the US Dollar. Most recently, the pair managed to reach above the 1.2600 mark. Economic Calendar On Wednesday, at 13:30 GMT, the US Preliminary quarterly GDP is expected to impact the financial markets through the value of the US Dollar. On Thursday, the publication of the US Core
The EUR/USD currency exchange rate has approached the November high level zone at 1.0950/1.0965. Economic Calendar Analysis This week, the EUR/USD could react to the publication of the German and Spanish Consumer Price Indices on Wednesday morning. On Wednesday, at 13:30 GMT, the US Preliminary quarterly GDP is expected to impact the financial markets through the value of the US Dollar. On
Since mid-Tuesday, the price for gold has been kept up by the 100-hour simple moving average. Moreover, support was found in the 1,990.00 mark. As the price fluctuated sideways, it is set to reach the lower trend line of the channel up pattern. Economic Calendar Analysis Next week, the EUR/USD could react to the publication of the German and Spanish Consumer Price
In general, the USD/JPY still remains near 149.50. However, the pair has been reached by the 50 and 200-hour simple moving average. In general, the rate is squeezed in, which indicates taht a sharp move up or down is set to follow. Economic Calendar Next week, the EUR/USD could react to the publication of the German and Spanish Consumer Price Indices on
After the UK PMI caused jump, the GBP/USD consolidated and traded near 1.2530. However, on Friday morning, the pair started to surge, as by mid-day the weekly R1 to simple pivot point's resistance was being tested at 1.2575. Economic Calendar Next week, the EUR/USD could react to the publication of the German and Spanish Consumer Price Indices on Wednesday morning. On Wednesday,
Due to the US holidays the markets are closed in the United States, which has reduced volatility. In general, it has resulted in the EUR/USD remaining near the 1.0900 mark. Economic Calendar Analysis Next week, the EUR/USD could react to the publication of the German and Spanish Consumer Price Indices on Wednesday morning. On Wednesday, at 13:30 GMT, the US Preliminary quarterly
Gold has retraced back down and found support in the 100-hour simple moving average near the 1,986.00 level. During the first part of Thursday's trading, it was spotted that the price remained below 2,000.00. The metal appeared to be needing additional support to push higher. The support could be provided by the 100-hour SMA moving higher. Economic Calendar Analysis Next week, the
The USD/JPY booked a new high, before consolidating its gains by a minor retracement back down. Most recently, the pair retraced to the 149.00 mark and confirmed it as support. In general, prior forecasts remain unchanged.Meanwhile, traders had held on to their long positions, as 70% of open position volume was bullish. Economic Calendar Next week, the EUR/USD could react to the
The GBP/USD eventually ended sideways trading and declined. Meanwhile, 66% of Dukascopy traders were shorting the pair and had close by stop losses.However, the sharp decline quickly found support in the 1.2450 level and a recovery started. Since 68% of pending orders in the 100-pip range were to buy, it is assumed that most traders took profits or were stopped