Sales in the United Kingdom dropped for the third straight month in January, indicating that consumers started feeling the pressure of higher prices and slower wage growth.
The previous Euro's surge against the US Dollar stopped near the 1.0630 mark, and as a result a decline has begun. In general, the currency exchange rate was in a free fall situation on Tuesday morning. T
The yellow metal has opened higher this week than it closed at the end of the previous one. In the first hours of today's trading the bullion's price has surged and is expected to continue this trend.
US building permits advanced more than expected whereas homebuilding activity weakened in January, official figures revealed on Thursday.
Euro appreciated against the US Dollar during Monday session's early hours, as the currency exchange rate found support at the 1.06 mark.
Sales in the United Kingdom dropped for the third straight month in January, indicating that consumers started feeling the pressure of higher prices and slower wage growth.
US building permits advanced more than expected whereas homebuilding activity weakened in January, official figures revealed on Thursday.
The number of Britons filing for unemployment benefits dropped markedly last month, while wage growth slowed in the Q4.
The bullion traded just above the monthly PP, which is located at 1,237.68. The reason for that was that the yellow metal was still deciding upon its direction.
On Friday morning the common European currency traded below the previously encountered resistance of the weekly PP at 1.0680 against the US Dollar.
US consumer prices posted the largest increase since February 2013 last month amid higher gasoline prices, keeping the Federal Reserve on course to raise interest rates further this year.
The bullion stopped its flat trading on Wednesday, and it is surging on Thursday. The reason for the recent upwards move was
The number of Britons filing for unemployment benefits dropped markedly last month, while wage growth slowed in the Q4.
The Euro is making an attempt to change its course against the Greenback. The rate began the rebound in the second half of Wednesday's trading.
US producer prices posted the largest increase in more than four years last month amid higher energy-related production costs, official figures revealed on Tuesday.
British consumer prices increased last month due to higher oil costs and the weakening Pound, official data showed on Tuesday.
The yellow metal continues to bounce around in a short term slightly upwards aimed channel.
The common European currency continues its way downwards against the Greenback, as the pair was in its fifth consecutive session of losses. In addition,
The yellow metal has followed the previously forecasted paths. However, on Tuesday the bullion's price is set to be directed by fundamental events and speeches.
As forecasted the EUR/USD currency exchange rate found support on Monday. However,
Japan's economy expanded for the fourth consecutive quarter in the three-month period to December 2016 amid higher exports supported by the weak Yen.
British manufacturing production rose at a stronger than expected pace in December, despite the country's decision to leave the European Union.
The number of Americans filing for first-time unemployment benefits declined to an almost 43-year low, official figure revealed on Thursday.
During the early hours of Monday's trading session the yellow metal traded below the weekly PP, which is located at 1,232.24, and the whole situation was clearly bearish.