During the early hours of Thursday's trading session the common European currency depreciated against the US Dollar, and the currency exchange rate declined below the weekly S1, which is located at the 1.0533 level.
The UK Finance Minister Philip Hammond presented his annual budget statement for the 2017-18 fiscal year on Wednesday.
The Japanese economy expanded at a stronger than initially reported pace in the last quarter of 2016, due to upward revisions in business spending and business investment.
Activity in the British services sector, which accounts for almost 80% of the economy, dropped more than expected last month amid inflationary pressures linked to the weak Pound, a private survey revealed on Friday.
As it was noted for the past trading sessions, the yellow metal's price fell and reached below the 1,220 level. However, the decline seems to be continuing.
During the early hours of Wednesday's trading session the common European currency had stopped the depreciation against the US Dollar. However,
Economic activity in the US services sector rose unexpectedly last month, official figures showed on Friday.
The yellow metal continues to trade in the descending channel, which has guided it since the end of February.
Activity in the British services sector, which accounts for almost 80% of the economy, dropped more than expected last month amid inflationary pressures linked to the weak Pound, a private survey revealed on Friday.
The common European currency has moved just as forecast, as the EUR/USD currency exchange rate has rebounded against the support provided by the weekly PP, which is located at 1.0582 level.
Economic activity in the US services sector rose unexpectedly last month, official figures showed on Friday.
Activity in the British services sector, which accounts for almost 80% of the economy, dropped more than expected last month amid inflationary pressures linked to the weak Pound, a private survey revealed on Friday.
The yellow metal regained its suffered losses during the speeches of US monetary policy makers. However, the recent movements of the commodity price have been perfectly in accordance
The Euro traded above the 1.06 mark against the US Dollar on Monday morning, as the currency exchange rate skyrocketed on Friday on fundamental information coming from the US monetary policy makers.
The number of Americans filing for unemployment benefits fell markedly last week, official figures revealed on Thursday.
The yellow metal's price is falling. The reason for that is the hawkish US monetary policy comments and statements, which have propelled the Greenback higher.
UK construction activity rose slightly in February amid the strengthening civil engineering sector; however, surging costs and a drop in new orders pointed to a mixed outlook, a private survey revealed on Thursday.
The common European currency was in a rebound against the US Dollar, as it found support just below the 1.05 level. However, the technical analysis part, no matter how precise, has to be abandoned for the day
US manufacturing activity rose at a stronger-than-expected pace in February, official figures showed on Wednesday.
British manufacturing activity expanded at the slowest pace since November 2016 last month, a private survey revealed on Wednesday.
The yellow metal continues on its path lower against the US Dollar. Although the fall was expected to be sharper, it seems that the US Dollar is taking its time,
As forecasted before, the yellow metal found support in the uptrend line, which has pushed the commodity price higher since the middle of December.
The price of the yellow metal continues to fall for the third consecutive trading session. It is most likely caused by the appreciation of the Greenback in the light of the recent speech of the US leader.
The common European currency regain its losses during Tuesday's trading. However, in the aftermath of reaching the weekly R1 at 1.0630, the rate began to fall, forming a descending pattern.