On Monday, Gold was one of the best-performing commodities on the market, as it advanced as much as 3.83% over the trading day. Along with that, Crude and Brent oil gained 4.31% and 3.41%, respectively, while silver surged 6.53%. From another side, natural gas slipped 1.98% and was the only commodity to register a fall in price yesterday. The Gold trimmed
On Friday the US Dollar rebounded 0.8%, after falling for three straight days against the Japanese currency. This price move could come as a surprise since on Friday were not released any data that could favor the Greenback; however, the overall bullish bias towards the pair pushed it higher. Nonetheless, if there were no major data on Friday, then there
The Sterling was able to post the first weekly gain in six weeks by appreciating 0.06% on the daily basis. Last week was relatively filled with important data; however, the impact was subdued as the Thanksgiving Day was celebrated in the US. One of the biggest worries for the UK has been the housing sector and on Friday nationwide house price
Gold plunged the most in three weeks on Friday after Swiss voters overwhelmingly rejected a referendum forcing the Swiss National Bank to hold 20% of its reserves in gold and preventing from ever selling any, as well as requiring to physically repatriate all Swiss gold held abroad. Meanwhile, in India, the world's second biggest gold buyer, where the wedding season
On Friday the Euro lost dropped 0.12% versus American dollar and registered the only drop against major currencies. The shared currency surged against the Japanese yen and Canadian dollar during the last day pf the previous week, by 0.65% and 0.62%, respectively. Due to Bank Holiday in the United States, most of the economic data came from the currency union
Yesterday the price of Gold dropped as much as 0.43% in its price over the trading day and was one of many commodities that declined in course of the trading session. Corn added further value to rise 1.10%, while Brent plummeted 6.65% on news that OPEC will not decrease extraction of oil. Despite lack of fundamental news and the Bank
On Thursday the single currency dropped 0.31% versus American dollar and registered the second steepest fall against major currencies. On the other hand, the Euro surged against Canadian dollar and British pound by 0.43% and 0.05%, respectively. Negative contributions for the shared currency were added by the Bundesbank and statistics from Spain. German Central Bank says economic momentum in the
On Wednesday the Sterling climbed 0.54% versus its US counterpart, as multiple of high importance data were released in both - US and UK. However, in the rest of the week there will not be released that important data and Thursday is US bank holiday; therefore, the volatility could fall. US initial unemployment claims broke above the 300,000 threshold, rising to
On Wednesday Gold lost 0.26% in its price and was one of many commodities that declined yesterday. The only commodity, which managed to advance, was corn, which added as much as 1.10%. The same tendency for Gold is showed in its cross with the Greenback. Negative data from the States is supporting the price of the metal, keeping it around
The Japanese Yen slipped 0.14% against the US currency, making it the third straight daily loss for the currency pair. The main driver for that was the disappointing US durable goods orders, unemployment claims and new home sales that all were released worst than expected; however, the US Dollar's decline was subdued due to the fact that this is the
On Wednesday the single European currency rose 0.26% against the Greenback and posted the third consecutive day of gains against this currency, as surprisingly negative fundamental statistics from North America forced the US dollar to deteriorate versus its major peers. For the first time since early September initial unemployment claims in the US broke above the 300,000 threshold, rising to
On Monday the shared currency advanced 0.41% against the Greenback, while unexpectedly positive statistical data from Germany contributed to the Euro's increase versus all major currencies. Ifo Business Climate in Europe's largest economy went up to 104.7 points in November, even though analysts on aggregate predicted this indicator to deteriorate for a sixth consecutive month. At the same time, more
Yesterday the Pound gained 0.34% against the US Dollar, although the informational background was quiet. The only important data released were the German Ifo Business Climate that is not directly impacting this currency pair. However, there are more important data to come on Tuesday - UK inflation report hearings and US prelim GDP. The US labor and retail markets continue