Yesterday the price of Gold dropped as much as 0.43% in its price over the trading day and was one of many commodities that declined in course of the trading session. Corn added further value to rise 1.10%, while Brent plummeted 6.65% on news that OPEC will not decrease extraction of oil. Despite lack of fundamental news and the Bank
On Thursday the single currency dropped 0.31% versus American dollar and registered the second steepest fall against major currencies. On the other hand, the Euro surged against Canadian dollar and British pound by 0.43% and 0.05%, respectively. Negative contributions for the shared currency were added by the Bundesbank and statistics from Spain. German Central Bank says economic momentum in the
On Wednesday the Sterling climbed 0.54% versus its US counterpart, as multiple of high importance data were released in both - US and UK. However, in the rest of the week there will not be released that important data and Thursday is US bank holiday; therefore, the volatility could fall. US initial unemployment claims broke above the 300,000 threshold, rising to
On Wednesday Gold lost 0.26% in its price and was one of many commodities that declined yesterday. The only commodity, which managed to advance, was corn, which added as much as 1.10%. The same tendency for Gold is showed in its cross with the Greenback. Negative data from the States is supporting the price of the metal, keeping it around
The Japanese Yen slipped 0.14% against the US currency, making it the third straight daily loss for the currency pair. The main driver for that was the disappointing US durable goods orders, unemployment claims and new home sales that all were released worst than expected; however, the US Dollar's decline was subdued due to the fact that this is the
On Wednesday the single European currency rose 0.26% against the Greenback and posted the third consecutive day of gains against this currency, as surprisingly negative fundamental statistics from North America forced the US dollar to deteriorate versus its major peers. For the first time since early September initial unemployment claims in the US broke above the 300,000 threshold, rising to
On Monday the shared currency advanced 0.41% against the Greenback, while unexpectedly positive statistical data from Germany contributed to the Euro's increase versus all major currencies. Ifo Business Climate in Europe's largest economy went up to 104.7 points in November, even though analysts on aggregate predicted this indicator to deteriorate for a sixth consecutive month. At the same time, more
Yesterday the Pound gained 0.34% against the US Dollar, although the informational background was quiet. The only important data released were the German Ifo Business Climate that is not directly impacting this currency pair. However, there are more important data to come on Tuesday - UK inflation report hearings and US prelim GDP. The US labor and retail markets continue