The yellow metal retreated after scoring huge gains on Thursday. How to deal with the aftermath is, however, rather simple.
The EUR/USD currency exchange rate began Friday's trading session below the weekly R1, and at first glance it seemed that the pair is set to fall. However,
US private companies created far more jobs than expected in January, data published on Wednesday showed.
British manufacturing activity fell during the first month of 2017, as the weak British Pound pushed the prices of imports sharply higher, a private survey revealed on Tuesday.
The yellow metal continued to score gains on Thursday after the pause of Wednesday. During the morning hours the bullion already passed the weekly R1 at 1,213.16
On Thursday morning the common European currency scored gains against the US Dollar. However, its possibility to gain additional ground was being halted by a trend line.
Consumers' mood in the United States deteriorated markedly in January, a monthly survey revealed on Tuesday.
Consumers' mood in the United States deteriorated markedly in January, a monthly survey revealed on Tuesday.
The yellow metal remained rather unchanged during Wednesday's early hours. As the commodity price failed more than once to pass the resistance put up by the weekly R1, which is located at 1,213.16, it is most likely that
After hitting a long term descending channel's upper trend line on Tuesday, the EUR/USD currency exchange rate retreated during the early hours of Wednesday's trading session.
Consumer spending in the United Sates advanced more than expected last month as households boosted purchases of motor vehicles and services amid increasing wages.
Consumer spending in the United Sates advanced more than expected last month as households boosted purchases of motor vehicles and services amid increasing wages.
During the early hours of Tuesday's trading session the yellow metal continued its surge and broke through the weekly PP, which is located at 1,196.86.
The common European currency attempted to break through the resistance put up by the weekly PP against the US Dollar at 1.0794 more than once during Tuesday's morning hours.
US economic growth slowed markedly in the last quarter of 2016 amid lower shipments of soybeans that bolstered exports.
US economic growth slowed markedly in the last quarter of 2016 amid lower shipments of soybeans that bolstered exports.
After the rebound from the support cluster near the 1,185 mark, the yellow metal surged. However, the surge was short lived, and a reversal of the move has occurred.
The common European currency started the week higher against the US Dollar than the previous close on Friday. However, during the morning hours of Monday's trading
Sales of new homes in the Unites States dropped to a 10-month low last month, official figures revealed on Thursday.
The British economy ignored the widely expected post-Brexit vote slowdown once again in the three month period to December, maintaining the third quarter's growth pace.
On early Friday morning the EUR/USD currency exchange rate was struggling near the weekly PP, which is located at 1.0666.
As it was forecasted, the bullion fell to the support cluster near the 1,185 mark. However, that did not make the future movements unpredictable.
US crude oil inventories rose more than expected last week, official figures revealed on Wednesday.
Britain's Supreme Court ruled on Tuesday that the UK Prime Minister Theresa May must get parliamentary approval to trigger Article 50 of the Lisbon Treaty and begin the country's two-year withdrawal from the European Union.