The bullion failed to find support in the lower trend of the previously active channel up pattern.
The US Dollar regained ground against the Japanese Yen on Thursday. Moreover,
The US private sector created 235K jobs in the reported month, expanding at a slightly slower pace than in January.
The Greenback rose against its European counterpart following the release of the ADP report on non-farm payrolls for February.
The yellow metal's surge became almost parabolic on Tuesday. The event has caused a minor decline on Wednesday morning.
The previously drawn pattern have held the ground. In addition, the patient traders
The US economy kept expanding in February, data showed on Monday.
The EUR/USD currency pair was not strongly exposed to the influence of fundamentals on Monday.
After the initial surge at the start of March, the bullion has started to trade sideways. However,
The US Dollar was recovering against the Japanese Yen on Tuesday. The reason for that was
The Sterling rallied against the US Dollar in the wake ofthe report by Markit on the UK services industry.
The ISM Manufacturing PMI release presented a stronger-than-anticipated data, causing a further Dollar strengthening and a subsequent down move in the EUR/USD exchange rate.
The reaching of the dominant support levels has resulted in a surge, which by the middle of Monday's trading had reached above the 1,325.00 mark.
In general, the USD/JPY pair has continued its decline. However, on Monday morning the rate traded sideways.
The ISM Manufacturing PMI release presented a stronger-than-anticipated data, causing a further Dollar strengthening and a subsequent down move in the EUR/USD exchange rate.
The dominant support was met exactly as expected. The currency pair rebounded against it. However,
The yellow metal reached the support levels, which are located just above the 1,300 mark and rebounded against them just as expected.
The short term patterns continue to be broken, as fundamentals dictate the rules on the currency pair's charts.
The dominant support was met exactly as expected. The currency pair rebounded against it. However,
The ISM Manufacturing PMI release presented a stronger-than-anticipated data, causing a further Dollar strengthening and a subsequent down move in the EUR/USD exchange rate.
The bullion has continued to descent and it has reached previously set target. However,
The support levels identified on Wednesday did not held their ground. Instead a decline has occurred.
The Pound has continued its decline against the US Dollar in the short term pattern, which was charted on Wednesday.
The Euro was little changed against the Greenback, following the release of the preliminary US Q4 economic growth.