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.
On Thursday morning the yellow metal's price was trading near the weekly S1, which is located at 1,197.37. The support level was previously broken
On Thursday morning the EUR/USD currency exchange rate was still positioned for a fall. However,
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.
US homebuilding activity advanced more than expected in the last month of 2016, official figures revealed on Thursday.
The yellow metal broke out of the medium term ascending channel pattern on Wednesday morning.
On Wednesday morning the EUR/USD currency exchange rate continued its path lower, as the closest support level was located at 1.0666.
US homebuilding activity advanced more than expected in the last month of 2016, official figures revealed on Thursday.
British retail sales dropped markedly last month amid higher prices, linked to the weaker Sterling.
During the early hours of Tuesday's trading session the yellow metal once more hit the resistance cluster located near the 1,220 mark.
The expected bounce off did not occur during Monday's trading session. However, it seems to have begun on Tuesday.
US homebuilding activity advanced more than expected in the last month of 2016, official figures revealed on Thursday.
British retail sales dropped markedly last month amid higher prices, linked to the weaker Sterling.