The American Dollar continued to advance against the Yen as it was expected yesterday.
As it expected, the Sterling slightly appreciated against the Greenback after announcement of the UK Second Estimate GDP.
The first of the week was very fortunate for the gold, as the gained 1.91% in value against the US Dollar.
The currency pair is continuing to surge, using an upside momentum created by the Jackson Hole Symposium last Friday.
The charts of the yellow metal are showing wonders, as the bullion managed to fulfil the two possible scenarios speculated to occur during the Jackson Hole Symposium.
The American Dollar continued to advance against the Yen as it was expected yesterday.
The effects of the Jackson Hole symposium have taken full effect on the EUR/USD pair.
As it expected, the Sterling slightly appreciated against the Greenback after announcement of the UK Second Estimate GDP.
The American Dollar continued to advance against the Yen as it was expected yesterday.
As it expected, the Sterling slightly appreciated against the Greenback after announcement of the UK Second Estimate GDP.
On Friday the bullion remained in the expectations of the Jackson Hole symposium.
The day of the yearly central banker meeting has come. Today the EUR/USD currency pair will surely be affected by the speeches of the heads of the central banks. However,
On Thursday morning the bullion continued to trade below the first monthly resistance, which is located at the 1,292.91 level.
After a 22-pip depreciation the buck continued to lose value against the Japanese Yen until the pair slipped back to the monthly S1 at 108.82
The EUR/USD forecast continues to be correct.
Yesterday the exchange has expectedly broke through the weekly S1 at 1.2799 and continued to slip to the bottom.
Contrary to expectations, the buck managed to break through a combination of the 100- and 200-hour SMAs as well as the weekly PP.
On Wednesday morning the price of the yellow metal remained in a short term descending channel pattern, which represents the consolidation after reaching above the 1,300 mark.
The common European currency continues to move in accordance with the descending channel pattern against the US Dollar.
Yesterday the currency rate has left the rectangle formation in the southern direction and, thus, additionally confirmed an existing and dominating downtrend
Second time in a row the currency exchange rate failed to break through the monthly S1 at 108.82
The British Pound is continuing to move against the US Dollar in a rectangle or triple bottom formation
As it was expected, after hitting the 1,300 mark, the yellow metal's price began a period of consolidation.
The EUR/USD pair has reached higher and hit the upper trend line of the descending medium term pattern. However,