The decline of the Euro against the US Dollar eventually encountered support in the form of the 1.0850 level. In addition, it is assumed that some pressure came from the approaching 200-hour simple moving average. The event was followed by a recovery up and above the 1.0900 mark. Economic Calendar Analysis Next week, the EUR/USD could react to the publication of the
Gold has broken the resistance zone that is located at the 1,995.00 level. However, the follow up surge appears to have been stopped by the upper trend line of the recently charted channel up pattern. The trend line caused a decline that has found support in the 1,995.00 mark. Economic Calendar Analysis On Friday, take into account that the release of the
The USD/JPY has revealed a support zone at 147.15/147.35. The range has been strong enough to cause a recovery. Bu mid-Wednesday, the rate had reached above 149.00.Dukascopy Bank SA open position statistics show that traders were expecting the move. On Tuesday, 71% positions were long and 91% of orders were to buy. Some have already taken profit, some expect more
The currency exchange rate has remained below the resistance of the 1.2550 mark. Meanwhile, on Wednesday the pair appeared to have confirmed the 1.2505/1.2510 range as support.Meanwhile, traders have continued to open short positions throughout the week. However, it has been spotted that they have large amounts of buy orders close by, which could be stop losses or buy to
The reaction to the release of the Federal Reserve Meeting Minutes was minor. Meanwhile, the pair confirmed the 1.0950/1.0965 range as resistance. By mid-Wednesday, the rate had reached the 1.0900 mark and the 100-hour simple moving average, which appeared to be failing to act as support.Meanwhile, it was spotted that since Tuesday Dukascopy traders have been short and are taking
The price for gold has been recovering since the US revealed lower than expected inflation that in turn weakened the US Dollar's value. Recently, the price has approached levels close to the 2,000.00 mark. On Monday, the commodity price was trading around the 1,980.00 level. By mid-Tuesday, it made an attempt to surge and reached 1,995.00. Economic Calendar Analysis This week, the
The USD/JPY has moved even lower, as the rate has reached below 147.50. The round level appears to be acting as an attracting magnet not a support or resistance. Meanwhile, sentiment has turned massively bullish on the USD/JPY. Economic Calendar This week, the financial markets could adjust to the publication of the US Federal Reserve Federal Open Market Committee Meeting Minutes publication
The GBP/USD rate has moved above the resistance of the 1.2505/1.2510 range. However, by mid-Tuesday, the 1.2550 level was observed to have acted as resistance to the currency rate. Economic Calendar This week, the financial markets could adjust to the publication of the US Federal Reserve Federal Open Market Committee Meeting Minutes publication on Tuesday at 19:00 GMT. However, the impact of
The EUR/USD has massively surged due to the US inflation having been revealed to be lower than markets expected. This week, the surge continued, as the pair reached above 1.0900. On Monday, the pair tested the resistance of the 1.0940 level. By mid-Tuesday, the pair was at 1.0960. Economic Calendar Analysis This week, the financial markets could adjust to the publication of
The price for gold has been recovering since the US revealed lower than expected inflation that in turn weakened the US Dollar's value. Recently, the price has approached levels close to the 2,000.00 mark. On Monday, the commodity price was trading around the 1,980.00 level. Economic Calendar Analysis This week, the financial markets could adjust to the publication of the US Federal
The weakness of the US Dollar that was caused by the lower than expected US inflation has caused a major drop of the USD/JPY currency exchange rate. By mid-Monday of this week, the rate had almost reached the 148.00 level. Economic Calendar This week, the financial markets could adjust to the publication of the US Federal Reserve Federal Open Market Committee Meeting
The GBP/USD currency pair jumped last week due to the publication of lower than expected US inflation data. The surge stopped just above the 1.2500 mark, before a consolidation down to 1.2400 occurred. Most recently, the pair made another attempt to pass the resistance zone at 1.2505/1.2510. Economic Calendar This week, the financial markets could adjust to the publication of the US
The EUR/USD has massively surged due to the US inflation having been revealed to be lower than markets expected. This week, the surge continued, as the pair reached above 1.0900. On Monday, the pair tested the resistance of the 1.0940 level. Economic Calendar Analysis This week, the financial markets could adjust to the publication of the US Federal Reserve Federal Open Market
In general, the price for gold has been respecting the support and resistance of round price levels like the 1,945.00, 1,950.00, 1,955.00 and 1,960.00. Meanwhile, the hourly simple moving averages appear to have also impacted the commodity price. Economic Calendar Analysis On Tuesday note the US Consumer Price Index data set release at 13:30 GMT. The data release is set to impact
The 50-hour simple moving average appears to be pushing the USD/JPY higher. Meanwhile, it has been observed that the rate pauses at round exchange rate levels and trades around them, before picking a direction. Economic Calendar On Tuesday note the US Consumer Price Index data set release at 13:30 GMT. The data release is set to impact the US Dollar's value. Higher
It has been observed that the GBP/USD currency pair has been respecting the support and resistance of the 1.2300, 1.2250 and 1.2200 levels. Meanwhile, moving average provide lesser impact on the rate. Due to this reason it is assumed that round exchange rate levels are set to continue to impact the pair. Economic Calendar On Tuesday note the US Consumer Price Index
The 200-hour simple moving average has reached and strengthened the support of the 1.0655/1.0665 range. Meanwhile, the 50 and 100-hour simple moving averages appear to be failing at impacting the EUR/USD. Economic Calendar Analysis On Tuesday note the US Consumer Price Index data set release at 13:30 GMT. The data release is set to impact the US Dollar's value. Higher than expected
Gold has extended its decline, as the commodity traded 1,945.00 per ounce during mid-Thursday. Economic Calendar Analysis This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets note the upcoming "speech" of Jerome Powell on Thursday at 19:00 GMT. However, the head of the central bank is set to participate in a panel
The ongoing recovery of the US Dollar against the Japanese Yen has reached above the combined resistance of the 151.00 mark and the weekly R1 simple pivot point at 151.09. Economic Calendar This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets note the upcoming "speech" of Jerome Powell on Thursday at 19:00
The pair has found support near the 1.2250 level. Meanwhile, resistance appears to be provided by the 1.2300/1.2310 range. Economic Calendar On Friday morning, at 07:00 GMT watch the publication of the UK Gross Domestic Product data. The markets expect the data to reveal a stagnation on a month on month basis and a decrease of GDP on a quarterly basis. The
Since Tuesday, the EUR/USD has continued to respect the support of the weekly simple pivot point at 1.0664 and the 1.0660 mark. Meanwhile, it has been observed that the 50 and 100-hour simple moving averages fail to impact the pair. Economic Calendar Analysis This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets
The price for gold has declined and revealed that it respects the support of the 1,960.00 mark and the 1,956.60/1,957.10 range. Meanwhile, the 1,970.00 level has turned from support into resistance, as it was keeping the price down. Economic Calendar Analysis This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some financial news outlets note the
By large, the USD/JPY currency pair remains near the 150.00 mark. Most recently, the pair confirmed the 149.20/149.25 range as support and started a recovery. By mid-Wednesday the pair had clearly reached above the hourly simple moving averages near 150.25 and surged to 150.80. Economic Calendar This week, there are no notable pre-scheduled events that might impact the currency exchange rate. Some
The GBP/USD currency pair encountered resistance in the 1.2430 level and started a decline. By mid-Wednesday, the pair's decline had reached the 1.2250 level. Economic Calendar On Friday morning, at 07:00 GMT watch the publication of the UK Gross Domestic Product data. The markets expect the data to reveal a stagnation on a month on month basis and a decrease of GDP