For the bullion Tuesday is another session of major gains, as the metal touched the 1,290 mark during the early hours of the day's trading.
The expected surge of the Euro against the Greenback began on Monday. However, it did not manage to extend its gains into Tuesday.
US companies created less new positions than expected last month, whereas the jobless rate dropped unexpectedly.
Construction activity rose at the fastest pace since the end of 2015 last month, a private survey showed on Friday.
After the fall down to the 1,260 mark the yellow metal found support and skyrocketed, as on Monday morning the commodity traded above the 1,280 mark.
On Monday morning the EUR/USD currency pair slightly declined. However, there were various signs of an upcoming surge.
US private companies created more than expected jobs last month, official figures showed on Thursday.
Manufacturing activity in the United Kingdom fell less than expected last month, a private survey revealed on Thursday.
The bullion is falling, as it has retreated even below 1,260 mark during the early hours of Friday's trading session.
On Friday morning the EUR/USD currency exchange rate remained in the range of the previous trading session.
The yellow metal did not only reach the 1,270 mark in the previous trading session, but also managed to almost touch the 1,275 level. However,
After scoring gains on Wednesday the EUR/USD currency exchange rate bounced off from the resistance, which is put up by the weekly R1 at the 1.1248 level.
The mood of American shoppers deteriorated for the second consecutive month in May.
The US economy expanded at a stronger-than-initially-expected pace in the March quarter; however, an economic slowdown remained on the table in the second quarter.
The mood of American shoppers deteriorated for the second consecutive month in May.
The US economy expanded at a stronger-than-initially-expected pace in the March quarter; however, an economic slowdown remained on the table in the second quarter.
The yellow metal has extended its decline more than it was expected. It is quite possible that the bullion will reach for the support cluster near the 1,250 mark.
On Wednesday morning the EUR/USD currency exchange remained below the strong resistance cluster near the 1.1190 mark. However,
The yellow metal continues to pound on the resistance put up by the monthly PP.
As it was forecasted on Monday, the common European currency is depreciating against the US Dollar, as weak support levels are easily passed.
The US economy expanded at a stronger-than-initially-expected pace in the March quarter; however, an economic slowdown remained on the table in the second quarter.
The US economy expanded at a stronger-than-initially-expected pace in the March quarter; however, an economic slowdown remained on the table in the second quarter.
As it was long expected, the yellow metal has reached the 1,270 mark. However, a bounce off has occurred.
The EUR/USD currency exchange rate seems to be beginning the expected decline. However, that is still to be seen.