Both building permits and housing starts dropped more than expected last month, suggesting that the Q4 growth rate could be possibly revised downwards.
As it was forecasted, gold began to retreat after a second failed attempt to break through the resistance put up by the weekly PP at 1,140.81.
The Euro retreated on Tuesday morning against the US Dollar in accordance with a recently formed descending channel pattern.
Gold continued to erase losses on Monday, as the yellow metal approached resistance put up by the newly calculated weekly pivot point at 1,140.81.
The common European currency traded in limbo around the 2015 low level, which is located at 1.0462 on Monday against the US Dollar.
Both building permits and housing starts dropped more than expected last month, suggesting that the Q4 growth rate could be possibly revised downwards.
Both building permits and housing starts dropped more than expected last month, suggesting that the Q4 growth rate could be possibly revised downwards.
Gold erased some of the losses posted on Thursday with a green candle Friday morning, but still remained below the senior downtrend which it dived underneath amid the Fed rate hike announcement Wednesday afternoon.
US consumer prices rose at a slower pace last month compared with October but the underlying inflation trend remained promising.
Britain's retail sales advanced unexpectedly during previous month as Black Friday discounts led consumers to splurge on electronics and household goods.
EUR/USD bumped against the weekly S1 at 1.0419 on Thursday and further proved the area below to be unreachable with a green candle Friday morning.
US retail sales rose modestly last month due to lower sales of motor vehicles, official figures revealed on Wednesday.
The number of unemployment benefit claims in Britain rose less than expected last month, while the unemployment rate held steady.
The metal is currently testing the bottom Bollinger Band at 1,139.03 and appears to be eyeing the 1,135.96 weekly S2.
EUR/USD went back to the bearish themes and ultimately preserved its track towards the bottom trend-line of the two-month descending channel with a red candle.
US import prices dropped markedly last month after two consecutive monthly gains, amid the lower cost of imported petroleum and stronger US Dollar.
According to the Office for National Statistics, the UK's cost of living went up to 1.2% in November, showing the highest level in more than two years.
The Bullion opened green on Wednesday, picking up where it left off above the broken trend-line of the month-long channel.
EUR/USD acted against expectations and got distracted by supply pressures elevating it towards the upper trend-line possibly for repeated tests over the next few days.
After posting a small green candle on Monday, gold re-entered the expected gloomy trend on Tuesday with an attempt to reenter the channel it broke out of before.
EUR/USD opened non-volatile with resistance at 1.0646 and support way below at 1.0564.
Mood of American shoppers improved markedly in December, following Donald Trump's surprise victory in the US presidency elections, official figures revealed on Friday.
Mood of American shoppers improved markedly in December, following Donald Trump's surprise victory in the US presidency elections, official figures revealed on Friday.
Mood of American shoppers improved markedly in December, following Donald Trump's surprise victory in the US presidency elections, official figures revealed on Friday.