The US job market finished the year on solid footing as an important indicator of layoffs continued to be near historically low levels, showing a resilient labor market.
The yellow metal continues to surge. However, by mapping its movements on larger scales, the big picture can be understood.
The common European currency experienced a flash jump against the US Dollar, as the currency exchange rate jumped to 1.0653 mark. The catalyst for the move was
US pending home sales dropped unexpectedly last month to the lowest level since January 2016, official figures revealed on Wednesday.
US pending home sales dropped unexpectedly last month to the lowest level since January 2016, official figures revealed on Wednesday.
Regarding the yellow metal's movement the hourly chart is where one should look for clues. The bullion once more
The EUR/USD currency exchange rate surged on Thursday morning, as it once more reached the 2015 low level at 1.0462. However, if compared with the whole previous week, something interesting happened.
Americans became more optimistic about the economy in December since the postelection bump in confidence continues.
Americans became more optimistic about the economy in December since the postelection bump in confidence continues.
The yellow metal showed a green candle on Wednesday morning. However, the situation in reality was different.
The common European currency attempted to break higher on Wednesday morning against the US Dollar. However,
Japan's household spending went down 1.5% on a yearly basis in November for the ninth month in a row amid stagnant wages, hinting the challenge Prime Minister Shinzo Abe's government faces in reinvigorating the economy.
New orders for US-made capital goods advanced more than expected in November due to strong demand for machinery and primary metals, suggesting some of the oil-related drag on manufacturing was starting to fade.
As the commodity trading resumed, the yellow metal skyrocketed on Tuesday morning. In general the metal jumped by 1.6% and gained around eighteen US Dollars to its price.
The EUR/USD currency exchange rate remained flat on Tuesday morning.
New orders for US-made capital goods advanced more than expected in November due to strong demand for machinery and primary metals, suggesting some of the oil-related drag on manufacturing was starting to fade.
New orders for US-made capital goods advanced more than expected in November due to strong demand for machinery and primary metals, suggesting some of the oil-related drag on manufacturing was starting to fade.
The title says it all. Gold is among the commodities, which are not being traded today. However, we would like to remind to you to take that into account seriously, as the day is still being shown on the charts. The flat candles can influence a lot short term charts.
The common European currency was squeezed in against the Greenback from a technical perspective.
New orders for US-made capital goods advanced more than expected in November due to strong demand for machinery and primary metals, suggesting some of the oil-related drag on manufacturing was starting to fade.
New orders for US-made capital goods advanced more than expected in November due to strong demand for machinery and primary metals, suggesting some of the oil-related drag on manufacturing was starting to fade.
The yellow metal has shown a tendency this week to surge in the morning hours and reverse its direction in the afternoon.
The common European currency continued its rebound against the US Dollar on Friday morning. However, during the Thursday's trading session there was a jump to the upside, which might have triggered a lot of short stop losses.
Both building permits and housing starts dropped more than expected last month, suggesting that the Q4 growth rate could be possibly revised downwards.