A recently adjusted line on the hourly chart of the yellow metal is creating a notable resistance for the commodity price.
As it was expected and forecasted on the short term and long term charts, the EUR/USD is fluctuating above the 1.15 mark.
Consumer prices in the United States were flat, while retail sales dropped for the second consecutive month in June.
Consumer prices in the United States were flat, while retail sales dropped for the second consecutive month in June.
The patterns of the XAU/USD charts have been broken by a fundamental change in the US.
The common European currency is not losing value against the US Dollar, as it has been expected by some. The reason is
Consumer prices in the United States were flat, while retail sales dropped for the second consecutive month in June.
Consumer prices in the United States were flat, while retail sales dropped for the second consecutive month in June.
The hypothesis that the previously active ascending channel pattern remains in force has been confirmed on Friday morning.
The common European currency on Friday traded near the previous session levels against the US Dollar. Nothing much had changed on larger timeframes. However,
The US Producer Price Index for final demand nudged up 0.1% in June on the back of sustained increases in services cost that managed to offset plunging energy prices, data released by the Labour Department revealed on Thursday.
The US Producer Price Index for final demand nudged up 0.1% in June on the back of sustained increases in services cost that managed to offset plunging energy prices, data released by the Labour Department revealed on Thursday.
The metal is not continuing perfectly in accordance with the previous forecast. However, the gains are even larger than expected for most traders.
The EUR/USD currency exchange rate is being dictated and thrown around by the fundamental events occurring in the markets.
On Wednesday, the Chair of the US Federal Reserve Janet Yellen testified on the Semi-annual Monetary Policy Report before the House Financial Services Committee in Washington DC.
The unemployment rate in Britain declined unexpectedly, while the jobless claimant count was little changed, thus missing analysts' expectations.
The bullion follows the path, which has been forecasted.
The Euro broke out of the triangle against the US Dollar. However, it did not plummet, as it was forecasted.
US private companies showed a stronger-than-expected job growth in June, indicating that the labour market continued strengthening further.
Output in the UK manufacturing industry dropped unexpectedly over the month in May, suggesting that the country's economic growth continued to weaken.
As it was expected, the metal's price has rebounded against the lower trend line of the descending channel pattern.
The EUR/USD pair has not left the previous range. However, a new short term pattern reveals important information.
US private companies showed a stronger-than-expected job growth in June, indicating that the labour market continued strengthening further.
Output in the UK manufacturing industry dropped unexpectedly over the month in May, suggesting that the country's economic growth continued to weaken.