For the second consecutive month, orders for long lasting factory goods made in the United States fell, fresh figures from the US Census Bureau revealed on Wednesday.
UK GDP advanced 0.6% on a seasonally adjusted basis in the second quarter of 2016, as reported by the Office for National Statistics on Wednesday, surpassing the 0.5% market forecast and the 0.4% rise seen in the first quarter.
On the announcement of no rate change by the FOMC gold prices jumped by 20 US dollars. However, that only changed the level, at which Gold fluctuates, as it is bouncing around the 1,340 mark on Thursday morning.
The common European currency surged after the FOMC meeting. However, it did not set a direction, as it is fluctuating around the 1.1050 level against the US Dollar on Thursday morning.
New US single-family home sales rose more than expected in June, fresh figures from the US Census Bureau showed on Tuesday
New US single-family home sales rose more than expected in June, fresh figures from the US Census Bureau showed on Tuesday
Gold continues to fluctuate around 1,320 on Wednesday, as markets expect the FOMC rate.
The common European currency is fluctuating around the 1.10 level against the US Dollar on Wednesday morning.
Official figures from the US Department of Labor showed on Thursday that the number of Americans filing for government unemployment benefits in the week ended July 16 dropped to 253,000 from 254,000 registered in the previous seven days, signalling that the labor market continues to improve.
More bad news for a post-Brexit Britain came as the July's flash manufacturing PMI figure fell dramatically against the June figure and missed expectations.
Tuesday's morning confirms that the yellow metal is resuming its stagnant fluctuations, as the metal surged back to 1,320.
The common European currency has returned once again to the 1.10 level against the US Dollar.
Official figures from the US Department of Labor showed on Thursday that the number of Americans filing for government unemployment benefits in the week ended July 16 dropped to 253,000 from 254,000 registered in the previous seven days, signalling that the labor market continues to improve.
More bad news for a post-Brexit Britain came as the July's flash manufacturing PMI figure fell dramatically against the June figure and missed expectations.
With the start of a new week, it looks like gold might resume bouncing back and forth during this week, as the yellow metal fell below 1,320 level on Monday morning.
The Euro finally moved after a period of stagnation, as the EUR/USD pair fell on Friday.
Official figures from the US Department of Labor showed on Thursday that the number of Americans filing for government unemployment benefits in the week ended July 16 dropped to 253,000 from 254,000 registered in the previous seven days, signalling that the labor market continues to improve.
British retail sales dropped markedly in June after two consecutive months of growth, official figures from the Office for National Statistics (ONS) showed on Thursday.
Gold has moved back to the 1,330 level, and it resumes to fluctuate around that level on Friday, as the ECB announced that there will be no rate change for the Eurozone.
No matter the expectations from the ECB rate decision and press conference, the EUR/USD pair is still stuck around 1.10 level on Friday.
US housing starts and building permits rose in June, a sign that the country's housing market remained on solid footing at the end of the second quarter.
The unemployment rate in the UK fell to its lowest level in more than a decade in May, a sign the labor market continued to strengthen in the run-up to Britain's referendum on membership of the European Union, while average weekly earnings edged up in the same month.
The yellow metal finally moved on Wednesday, as the metal fell from the 1,330 levels to 1,315. Previously the yellow metal did not fall, as the Bank of England announced no rate cut in July.
Keep eyes open and yourself ready for the ECB rate. Market participants have been waiting for the EUR/USD pair to start moving in one or another direction, as it has been fluctuating around 1.1010 level for the past sessions.