Despite the surge that was caused by the release of the better than forecast US ISM Services PMI, the EUR/USD has remained above the 1.0700 mark. However, on Thursday the rate was approached by the additional resistance of the 50-hour simple moving average, which could push the rate down. Economic Calendar Analysis This week, notable events are over. Due to this reason,
The price for gold has reacted to the surge of the US Dollar by extending its decline. On Tuesday, the commodity price was heading to the 1,925.00 mark. Economic Calendar Analysis Watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there are no notable events scheduled that can impact the financial markets. XAU/USD short-term forecast In the
The surge of the US Dollar continues. The USD/JPY currency exchange rate reached above the 147.50 mark and the weekly R1 simple pivot point at mid-day on Tuesday. The two levels appeared to have become support to a potential resumption of the broader surge. Economic Calendar Watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there
The broader strength of the US Dollar has resulted in the GBP/USD pair passing below the 1.2548/1.2579 range. However, the event has not been followed by a larger decline of the rate. During Tuesday's European trading hours, the rate fluctuated around the pierced support zone, as if confirming it as resistance before resuming the broader decline. Economic Calendar Watch the US ISM
The 1.0800 mark provided enough resistance to keep the EUR/USD down until the 50-hour simple moving average approached and caused a decline. The rate passed below the 1.0766/1.0771 range. By mid-Tuesday the currency pair was heading to the 1.0700 mark. Note that the 1.0700 level was strengthened by the lower trend line of the channel down pattern. Economic Calendar Analysis Watch the
The decline of the metal's price has found support in the 100-hour simple moving average. Since finding support, up to mid-Monday, the rate fluctuated near the 1,940.00 level. Economic Calendar Analysis Watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there are no notable events scheduled that can impact the financial markets. XAU/USD short-term forecast In the
The recovery from the 144.50 mark has encountered resistance in the 146.30/146.60 range. Economic Calendar Watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there are no notable events scheduled that can impact the financial markets. Hourly Chart If the USD/JPY reaches above the 146.60 level, the rate could be slowed down by the 147.00 mark, before
On Friday, the GBP/USD reacted to the strengthening of the US Dollar, which was caused by the US monthly employment data release. The decline of the pair eventually found support in the 1.2548/1.2579 range and started a recovery. By mid-Monday, the rate had reached the combined resistance of the 50, 100 and 200-hour simple moving averages near 1.2650. Economic Calendar Watch the
The EUR/USD has confirmed a support zone near the August low level of 1.0766. Namely, there is support at 1.0766/1.0771. The support zone has caused a recovery, due to which the pair is heading to the resistance levels near 1.0830. Economic Calendar Analysis Watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there are no notable
Gold has continued to test the 1,950.00 mark and the upper trend line of the channel up pattern. However, the release of the US monthly employment data strengthened the US Dollar on Friday at 12:30 GMT. The event resulted in the metal's price declining as low as 1,935.00 by 15:00 GMT. Economic Calendar Analysis Next week, watch the US ISM services PMI
The release of the US data reached its peak with the release of the US monthly employment data. Just after the release of data on Friday at 12:30 GMT, the USD/JPY dropped to 144.50. The round level acted as support and caused a recovery. By 14:30 GMT, the pair was heading tot he 146.00 level and the combination of the
During the week of notable US data releases the GBP/USD surged to the resistance of the 1.2750 level. The resistance was enough to cause a decline, which on Friday was passing below the weekly simple pivot point at 1.2640. Economic Calendar Next week, watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there are no notable
Throughout this week, the EUR/USD traded in accordance with US data releases. Most of action occurred in reactionary moves. As the releases are over, technical reviews are back in favour. On Friday, after the last notable events, the EUR/USD was looking for support in the weekly simple pivot point at 1.0829. Meanwhile, resistance was encountered in the 50-hour simple moving average
The surge of the metal's price paused just before reaching the upper trend line of the channel up pattern. Since the event, the commodity price has been consolidating just above the support of the 1,935.00 level. In general, forecasts remain unchanged. Economic Calendar Analysis On Wednesday, the US ADP Non-farm Employment Change number could impact the US Dollar's value at 12:15 GMT.
The decline that was caused by US job openings data eventually found support. On the USD/JPY charts support was found near 145.70. On Wednesday morning, the pair was testing the 146.25/146.55 range's resistance. Economic Calendar On Wednesday, the US ADP Non-farm Employment Change number could impact the US Dollar's value at 12:15 GMT. However, more impact might be caused by the US
The release of the US job openings data caused major USD weakness. On the GBP/USD charts it resulted in the rate breaking all resistance up to the 1.2650 level. On Wednesday morning, the pair was confirming the 1.2620 level as support. Economic Calendar On Wednesday, the US ADP Non-farm Employment Change number could impact the US Dollar's value at 12:15 GMT. However,
The surge of the Euro against the US Dollar has encountered resistance in the weekly R1 simple pivot point at 1.0892. During Wednesday's London trading hours, the pair was declining and looking for support. Economic Calendar Analysis The US ADP Non-farm Employment Change number could impact the US Dollar's value at 12:15 GMT. However, more impact might be caused by the US
Despite breaking above the 1,920.25/1,923.00 range, the price for gold has not booked major gains, as it encountered resistance in 1,925.00. The resistance was enough to cause a decline of the commodity. By mid-Tuesday, the price had pierced the 50 and 100-hour simple moving averages and touched the 1,915.00 mark. At 14:00 GMT, the Job Openings and Labor Turnover Survey results
The USD/JPY continued to trade and look for support in the 146.25/146.55 range from mid-Friday up to mid-Tuesday. On Tuesday, the rate was caught up by the 50-hour simple moving average, which was the needed catalyst for a surge. The follow up surge reached above the 147.00 mark and the weekly R1 simple pivot point at 147.17. At 14:00 GMT, the
During late Monday's trading, the Pound managed to recover against the US Dollar. However, it encountered resistance on Tuesday morning in the 100-hour simple moving average near 1.2630. The encounter turned into a decline. By the middle of the day, the rate had reached below the Monday's low level of 1.2565. Economic Calendar On Wednesday, the US ADP Non-farm Employment Change number
Due to a broader Dollar's strength, the EUR/USD has passed below the 1.0800 mark. From a technical perspective, the pair bounced off the resistance range at 1.0835/1.0845, which caused the recent decline. However, the situation changed on Tuesday at 14:00 GMT. At 14:00 GMT, the Job Openings and Labor Turnover Survey results were published. It revealed that in the United States
The speech by Jerome Powell at Jackson Hole symposium created major volatility. The price for gold fluctuated between the support of the 1,902.50/1,905.00 zone and resistance of the 1,920.25/1,923.00 range. On Monday, the price was located near 1,915.00 and appeared to be consolidating before another test of the mentioned resistance range. Economic Calendar Analysis This week, on Tuesday the CB Consumer Confidence
The speech by Jerome Powell at Jackson Hole symposium created major volatility, during which the USD/JPY managed to pierce the 146.25/146.55 range. However, the event was not followed by a broader surge. Instead, up to mid-Monday the rate fluctuated in the previous resistance range. Economic Calendar This week, on Tuesday the CB Consumer Confidence and JOLTS Job Opening data sets could impact
During the high volatility caused by Jerome Powell, the GBP/USD fluctuated between 1.2650 and 1.2550. During the event it was shown that the 50-hour simple moving average can act as resistance and the 1.2550 mark acts as support. On Monday, the moving average was keeping the rate down. Economic Calendar This week, on Tuesday the CB Consumer Confidence and JOLTS Job Opening