The EUR/USD pair has reached another target, as it has bounced off the support line of the medium term ascending channel pattern. The forecasting of the pair's movements has been becoming increasingly easier during this week.
The report on the US worker productivity, which revealed a higher-than-anticipated increase in the Q2, resulted in a jump of the USD/JPY currency pair.
The GDP/USD fell sharply to the lowest level in four weeks, as the Britain's consumer price inflation report showed weaker than expected reading for July.
The yellow metal is declining, as expected. However, the next target of the metal's fall has already been spotted.
The common European currency continues to decline against the US Dollar in the recently adjusted channel down pattern.
The report on the US worker productivity, which revealed a higher-than-anticipated increase in the Q2, resulted in a jump of the USD/JPY currency pair.
Positive Britain's economic reports for June resulted in a solid jump in the GBP/USD exchange rate right after the data came in.
The 1,290 mark has been hit. More gains in the short term is not expected, as the bullion is retreating on Monday.
During the second half of Friday's trading session the EUR/USD surprised some market participants, as the rate bounced out of the borders of the drawn descending patterns.
The report on the US worker productivity, which revealed a higher-than-anticipated increase in the Q2, resulted in a jump of the USD/JPY currency pair.
Positive Britain's economic reports for June resulted in a solid jump in the GBP/USD exchange rate right after the data came in.
The yellow metal continues to surge. Next target is the 1,290 mark.
The report on the US worker productivity, which revealed a higher-than-anticipated increase in the Q2, resulted in a jump of the USD/JPY currency pair.
Positive Britain's economic reports for June resulted in a solid jump in the GBP/USD exchange rate right after the data came in.
On Friday morning even more information is available in regards to the technical movements of the EUR/USD currency pair.
The yellow metal jumped on Wednesday, as expected. However, something has changed during the last 24 hours.
On Thursday morning the EUR/USD currency exchange rate was almost unchanged, compared to Wednesday's levels. However, loads of new information made forecasting easier.
The report on the US worker productivity, which revealed a higher-than-anticipated increase in the Q2, resulted in a jump of the USD/JPY currency pair.
The Sterling strived to offset post-NFP losses, as Monday's report revealed that the UK home prices rose more than anticipated in July.
The surge of the yellow metal continued during Wednesday morning hours.
The EUR/USD currency pair remained flat on Wednesday morning. However,
The US job openings report showed a record-high figure, which resulted in the instant advance of the USD/JPY currency pair.
The Sterling strived to offset post-NFP losses, as Monday's report revealed that the UK home prices rose more than anticipated in July.
As expected, the commodity price has found support in the lower trend line of the medium scale ascending channel pattern.