The USD/JPY continues to fluctuate around the 130.00 level. Note that even the hourly moving averages are located now at that level. Previous forecast scenarios have been left unchanged. In general, the pair waits for future direction in the form of the US Federal Reserve Rate hike on Wednesday at 19:00 GMT. Economic Calendar On Wednesday, the ADP Non-Farm Employment Change, JOLTS
The GBP/USD has reached the 1.2300 mark, as it was expected on Tuesday. However, the pair appears to have paused above the round level, as it expects the reveal of the US and UK central bank monetary policy. The US Federal Reserve is set to make a statement on Wednesday at 19:00 GMT and the Bank of England will hike
The EUR/USD started a recovery, prior to properly touching the support of the 1.0800 mark. The low levels, which acted as support have been marked on the chart. The follow up recovery had reached above various technical levels including weekly simple pivot points and the 50, 100 and 200-hour simple moving average. The move back up to previous levels was attributed
The price of gold lost the support of the 1,920.00 level on Tuesday morning and sharply plummeted down to the support zone, which surrounds the 1,900.00 mark. Economic Calendar Analysis This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00 GMT, the Consumer Board Consumer Confidence index is set to reveal
Despite other currencies dropping against the US Dollar, it appears that the Yen is holding its ground. The USD/JPY continues to fluctuate around the 130.00 level. Note that even the hourly moving averages are located now at that level. Previous forecast scenarios have been left unchanged. Economic Calendar This week, various events will impact the markets. In general, fundamentals are set to
The GBP/USD ended the waiting near 1.2400 mark and declined below 1.2350 on Tuesday morning. By the middle of the day, it appeared that the pair could reach the 1.2300 level. Economic Calendar This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00 GMT, the Consumer Board Consumer Confidence index is
The EUR/USD did not wait until the publication of the US Federal Reserve rate or the ECB rate, as on Tuesday morning the pair declined. Namely, the pair reached below the 1.0835/1.0840 range and approached the 1.0800 mark. Economic Calendar Analysis This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00
It appears that market participants have taken profits from the commodity price's recent surge. The price has declined to trade at 1,920.00/1,935.00. Meanwhile, the metal has broken the support of various moving averages and the support trend line, which has guided it recently. Economic Calendar Analysis This week, various events will impact the markets. In general, fundamentals are set to impact the
The USD/JPY is ignoring the technical levels like the weekly simple pivot point and hourly moving averages. The reason for the moves is the fact that the pair is waiting for the Wednesday's US Federal Reserve Rate hike. Economic Calendar This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00 GMT,
As the title suggests, the GBP/USD has continued to remain near the 1.2400 mark. The pair appears to be waiting for this week's central bank rate hikes, as both the US Federal Reserve and the Bank of England are set to announce rates during this week. Economic Calendar This week, various events will impact the markets. In general, fundamentals are set to
The EUR/USD appears to be waiting for the Federal Reserve rate hike and press conference by trading near the 1.0900 level. Resistance is found at 1.0920/1.0925 and support is located at 1.0835/1.0840. Economic Calendar Analysis This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00 GMT, the Consumer Board Consumer Confidence
At midnight to Thursday GMT time zone, the price for gold almost reached the 1,950.00 mark. However, resistance was encountered and a decline started. By mid-day, the price had reached below 1,935.00. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product
The decline of the USD/JPY passed one technical support level after another until it reached the 129.00 mark on Thursday morning. The round level acted as support and caused a surge up to the 130.00 level. It was observed that the 130.00 mark was acting as resistance. Namely, the main conclusion was that the round exchange rate levels are set
The recovery of the Pound against the US Dollar reached above 1.2400 on Thursday. However, the exchange rate did not reach the 1.2435/1.2450 range. Economic Calendar On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30 GMT. The Advance GDP is the first
On Thursday, the EUR/USD approached the 1.0920/1.0925 zone, which once again acted as resistance. The following decline reached the 50-hour simple moving average and the 1.0900 mark. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30 GMT. The Advance
On Wednesday morning, the price for gold passed below the 50 and 100-hour simple moving averages, the lower trend line of a channel up pattern and the 1,930.00 mark. Essentially, the price had declined due to bouncing off a resistance zone at 1,939.30/1,942.30. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are
The lower trend line of the channel up pattern kept the USD/JPY up for 17 hours straight. On Wednesday, at 09:00 GMT, the currency pair passed below the trend line and a sharp decline had started. By 10:00 GMT, the pair had reached below 130.00. Economic Calendar On Thursday, the US Advance GDP data is set to reveal whether the United States
The Tuesday's decline of the Pound against the US Dollar has found support in the 1.2260/1.2265 range. Afterwards, the pair recovered and reached up to consolidate by trading sideways near the 1.2330 level. On Wednesday morning, the pair was being squeezed in between the weekly simple pivot point's resistance at 1.2333 and the support of the 200-hour simple moving average
The EUR/USD found support in the combination of the weekly simple pivot point and the 100 and 200-hour simple moving averages near 1.0840. The event was followed by a surge. By the middle of Wednesday's European trading hours, the pair had reached above 1.0900 and was testing the resistance of the weekly R1 simple pivot point at 1.0906. By 12:00 GMT,
After consolidating and finding support at 1,910.00, the price for gold has surged and by mid-Tuesday the 1,940.00 mark was pierced. Next target for the surge was the 1,950.00 level. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30
This week, the USD/JPY continued to trade near 130.50. Meanwhile, it was spotted that the currency pair has been ascending in a channel up pattern since January 18. Economic Calendar On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30 GMT. The Advance
On Tuesday, the GBP/USD failed at reaching above 1.2400. The event was followed by a sharp decline, which by 12:30 GMT had reached below 1.2300 and the 200-hour simple moving average. Economic Calendar On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30
In the aftermath of shortly trading above the 1.0900 mark, the EUR/USD has retreated. On Tuesday the pair was finding support in the 1.0860 level and resistance was provided by 1.0900. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at
The price for gold has returned to the support zone at 1,896.50/1,901.50. The support zone has held and keeps the price up. Meanwhile, it has been observed that the 50 and 100-hour simple moving averages are failing to impact the commodity price. Economic Calendar Analysis Watch out for the incoming release of the European, UK and US Manufacturing and Services Purchasing Managers