The price of Gold ignored the 50 and 100-hour simple moving averages and approached the 2,000.00 mark. At midnight to Tuesday the price bounced off the round level. By mid-Tuesday, the metal appeared to be heading back to the 1,970.00/1,975.00 support zone. Economic Calendar Analysis This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value
The USD/JPY currency rate shortly retreated below the support of the 200-hour simple moving average and the 134.00 mark. Economic Calendar This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value of the US Dollar. However, the top event of the week will be the US Core PCE Price Index release at 12:30 GMT. The
The GBP/USD mark shortly reached above 1.2500 at midnight to Tuesday. However, the event was followed by a decline of the Pound against the US Dollar. By mid-Tuesday, the rate had reached the combined support of the 50, 100 and 200-hour simple moving averages near 1.2440. Economic Calendar This week, the US Advance GDP release at 12:30 on Thursday is bound to
The EUR/USD reached above the 1.1060 level at midnight to Tuesday. Afterwards, a decline started, as by mid-day the pair had reached below 1.1020. Economic Calendar Analysis This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value of the US Dollar. However, the top event of the week will be the US Core PCE Price
Gold has revealed that it respects the range between 1,970.00 and 1,975.00 as support. Meanwhile, the 50 and 100-hour simple moving averages have acted as resistance. On Monday, the moving averages were approaching the price from above, as the metal continued to find support in 1,975.00 Economic Calendar Analysis This week, the US Advance GDP release at 12:30 on Thursday is bound
Despite piercing the support of the 134.00 level, the USD/JPY was still trading in the 134.00/135.00 range on Monday. The rate suddenly surged on Friday at 13:45 GMT, as the US Flash Services and Manufacturing PMI data sets were released. The data strengthened the US Dollar due to showing positive tendencies among US producers. Economic Calendar This week, the US Advance GDP
The GBP/USD has ignored the support zone near 1.2400, but appears to be still respecting the resistance of the 1.2468/1.2474 range. On Monday, the rate approached the resistance and started to test it. Meanwhile, support appears to have been provided by the 50, 100 and 200-hour simple moving averages. Economic Calendar This week, the US Advance GDP release at 12:30 on Thursday
The EUR/USD has managed to reach above 1.1000. Moreover, the round exchange rate level has turned into support. By the middle of Monday's trading hours, the rate has moved above 1.1025 and the weekly R1 simple pivot point at 1.1022. Economic Calendar Analysis This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value of the
The 1.970.00 mark has provided enough resistance to the commodity price to cause a recovery. By mid-Thursday, the recovery had reached above the 50-hour simple moving average and the price was testing the 2,000.00/2,010.00 range. Economic Calendar Analysis On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. XAU/USD short-term forecast A move above 2,010.00 is
The USD/JPY made two attempts to reach above 135.00, before a decline stared at mid-day on Thursday. The decline reached the support zone near 134.00. Economic Calendar On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. Hourly Chart A move below the support zone near 134.00 might look for support in the 200-hour simple moving
The GBP/USD continues to trade in the range, which was established after the UK CPI release. Resistance is located at 1.2468/1.2474 and support is at 1.2393/1.2405. Economic Calendar On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. GBP/USD short-term view A move above 1.2475 could be stopped by the 1.2500 mark and the weekly R1 simple
The EUR/USD has been ignoring the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point, as it has been highly volatile between the 1.0940 mark and the resistance of the 1.0982/1.0984 range. On Thursday afternoon, the pair pierced the resistance zone. Economic Calendar Analysis On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on
The price for gold has bounced off the 2,000.00/2,010.00 range and declined. By the middle of Wednesday's trading, the commodity price has reached the 1,975.00 level. Economic Calendar Analysis On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. XAU/USD short-term forecast A continuation of the ongoing decline might look for support in the February and
The USD/JPY has respected the support of the 133.87/134.00 zone. The zone was strong enough to cause another surge. By mid-Wednesday, the pair had reached and pierced the 135.00 mark. Economic Calendar On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. Hourly Chart A proper move above 135.00 could encounter resistance in the weekly R2
The GBP/USD has jumped due to the higher than expected UK inflation data release at 06:00 GMT. Namely, it indicated that the Bank of England has to hike rates even more to stop inflation. However, two hours later, the US St. Louis Federal Reserve President Bullard stated that there is no upcoming recession and the US Fed will continue to
The EUR/USD has revealed a support and resistance zone. Most recently, the pair bounced off the resistance of the 1.0982/1.0984 range. On Wednesday morning, the pair passed the combination of the weekly simple pivot point and the 50 and 200-hour simple moving averages. Economic Calendar Analysis On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US
The resistance of the 2,050.00 mark held and caused a drop to the 2,000.00 mark. The commodity price appears to be fluctuating around the 2,000.00 mark. Economic Calendar Analysis Note the US Empire State Manufacturing Index on Monday at 12:30 GMT. On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. XAU/USD short-term forecast A decline of
The USD/JPY has pierced the high level zone at 133.87/134.00. The recent surge has been part of a broader USD recovery against other currencies. Economic Calendar Note the US Empire State Manufacturing Index on Monday at 12:30 GMT. On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. Hourly Chart A move above 134.00 might encounter resistance
The GBP/USD plummeted late on Friday, as the pair dropped from 1.2540 down to 1.2400. On Monday, the rate reached to 1.2380, before recovering. At mid-day the pair traded near the combined resistance of the weekly simple pivot point at 1.2433, the 1.2440 level and the 200-hour simple moving average. Economic Calendar Note the US Empire State Manufacturing Index on Monday at
The EUR/USD bounced off 1.1080 and declined. By mid-Monday the rate had reached below 1.0980. Meanwhile, the 1.1000 mark was acting as resistance. Economic Calendar Analysis Note the US Empire State Manufacturing Index on Monday at 12:30 GMT. On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. EUR/USD hourly chart A move below 1.0960 and the weekly
The price for gold almost hit the 2,050.00 level, as the US Producer Price Index data caused a drop of the US Dollar at mid-day on Thursday. However, after two attempts to reach the round price level, the commodity started a decline. By mid-Friday, the price had almost reached back to 2,030.00. Economic Calendar Analysis On Friday, the US Retail Sales data
The USD/JPY currency exchange rate has been observed to be finding support in the weekly simple pivot point at 132.17. Meanwhile, the 132.50 level and the 200-hour simple moving average appear to be acting as minor support and resistance. At mid-day on Friday, the pair reached above 132.50. Economic Calendar On Friday, the US Retail Sales data might cause a reaction in
The GBP/USD was about to hit the 1.2550 mark on Friday, as it started a decline. By mid-day, the rate appeared to be passing below the support of the 1.2500 mark and the 50-hour simple moving average. Economic Calendar On Friday, the US Retail Sales data might cause a reaction in the financial markets at 12:30 GMT. Next week, note the US Empire
The EUR/USD currency pair extended its surge due to the decrease in US Producer Price Inflation, which beat down the value of the USD. By mid-Friday, the pair had reached the weekly R2 simple pivot point at 1.0732. Economic Calendar Analysis On Friday, the US Retail Sales data might cause a reaction in the financial markets at 12:30 GMT. Next week, note the