After a notable jump on Thursday the EUR/USD pair has retreated to trade back below the weekly R2. However, clues indicate that the surge will continue on Friday.
US homebuilding activity dropped more than expected last month amid the unusually warm weather and weaker manufacturing activity, official figures revealed on Tuesday.
As it was expected, the bullion has retreated to the 61.80% Fibonacci retracement level at 1,278.73. However,
On Thursday morning the EUR/USD currency exchange rate made attempts to break through a significant resistance level, and it looked like it will succeed in its efforts.
US homebuilding activity dropped more than expected last month amid the unusually warm weather and weaker manufacturing activity, official figures revealed on Tuesday.
The metal keeps encountering resistance just above the 1,290 mark. However, throughout the week it can be observed that a range has been established.
US homebuilding activity dropped more than expected last month amid the unusually warm weather and weaker manufacturing activity, official figures revealed on Tuesday.
US homebuilding activity dropped more than expected last month amid the unusually warm weather and weaker manufacturing activity, official figures revealed on Tuesday.
The Euro has reached new heights against the US Dollar. However, resistance has been encountered by the currency pair.
Manufacturing activity in the New York State fell markedly in April, raising concerns over economic growth in the Q2 of 2017, a survey revealed on Monday.
Manufacturing activity in the New York State fell markedly in April, raising concerns over economic growth in the Q2 of 2017, a survey revealed on Monday.
The yellow metal continued the retreat on Tuesday due to fundamental events in the US.
On Tuesday the EUR/USD currency exchange rate was about to be squeezed in between two levels of significance. However clues indicated that the pair will surge eventually.
US consumer prices fell unexpectedly last month, marking the first decline in more than a year, official figures revealed on Friday.
US consumer prices fell unexpectedly last month, marking the first decline in more than a year, official figures revealed on Friday.
As it was expected, the metal opened the day's trading higher than the previous close.
On Monday morning the common European currency fluctuated around a notable cluster of significance without a clear direction. However,
US producer prices dropped unexpectedly last month due to the lower cost of services and energy products.
The yellow metal is not traded on Friday. However, additional information from Thursday can be analyzed.
The gains of the Euro against the US Dollar during the surprise jump of this week have been erased. Moreover, the pair shows signals of an upcoming decline.
US producer prices dropped unexpectedly last month due to the lower cost of services and energy products.
The yellow metal has reached and touched the 1,288 mark during the night.
A surprise has occurred and forced the rebound of the Euro against the US Dollar to occur much stronger and faster than it was expected previously.
US crude oil inventories dropped more than expected last week, official figures revealed on Wednesday.