The Euro scored gains on Friday, as data from US made the European currency appreciate. US Non-Farm Employment data turned out a lot lower, than expected, which made the US Dollar lose value.
The Euro scored gains on Friday, as data from US and UK made the European currency appreciate. US Non-Farm Employment data turned out a lot lower, than expected, which made the US Dollar lose value. Mainly due to this data release the Euro appreciated 1.9% against the Greenback in Friday's trading session.
As the US Dollar fell on US Non-Farm Payrolls change data disappointment, gold surged regaining losses and reaching the 1,241 mark.
On Friday and over the weekend the British currency weakened across the board, with the only exception being the Cable.
In the wake of devastating NFP results on Friday, the US Dollar sustained serious losses across the board even during the weekend.
Even though initially the yellow metal gained strength yesterday, it lost momentum and fell afterwards.
The Euro depreciated against all currencies except the Australian Dollar on Thursday, against which it remained almost unchanged.
The US Dollar was the next best performing currency after the British Pound yesterday.
While previously we saw the Pound losing amid the positive fundamentals, yesterday the currency was mostly bullish, even though the main release disappointed.
Gold seems to have fully rebounded and not just fluctuated, as the yellow metal suffered from some sell offs that started in the middle of Wednesday's trading session when the bullion was at $1,218.45, but regained losses after a while and reached the $1,215.77 mark.
The European currency booked gains against most major currencies on Wednesday after it had suffered losses at the start of day's trading session.
Yesterday's data failed to reverse the sell-off we have been observing since Tuesday.
Regardless of the positive UK fundamentals released yesterday, the Sterling keeps ceding ground against the background of rising support of 'Brexit' among UK citizens.
The final day of May surprised traders with the bullion rising after nine-day losses that began after expectations for a Federal Reserve interest rate hike skyrocketed amid the latest Fed's meeting minutes two weeks ago.
Contrary to this week's gains of the Euro, the currency did not manage to post solid gains against its counterparts on Tuesday.
US Dollar's performance yesterday was mixed, even though the main releases missed the expectations by a wide margin.
There were no significant reports on the UK economy yesterday, but the Pound fell precipitously on Tuesday against its major counterparts amid the latest rolls showing more people willing to leave the EU than to stay.
Just like a majority of the other major currencies, the US Dollar remained mostly unchanged yesterday, with gains and losses limited by a quarter of a per cent.
The Sterling was mostly appreciating yesterday, but gains were limited by a small amount of fundamental releases, while losses did not exceed 0.2%.
Oil price movements diverged on Monday, with Brent growing 0.44% and Crude falling 0.12%. The former was elevated in the run up to fresh weekly US oil stockpiles data that is due on Tuesday and Wednesday from two different sources.
Contrary to Friday's losses of the Euro, this currency managed to post solid gains against all majors but the Swiss Franc on Monday.
The Greenback disregarded neutral to weak Friday fundamentals and outperformed all its major counterparts on growing expectations that the date of the rate hike draws near.
Despite the absence of any events in the economic calendar, the British Pound was among the best performers on Friday.
Precious metals continued to fall in value on May 27, with gold prices sliding down for the eight day in a row. Together with silver they were down by about 0.60%, as the decline was fuelled by continuous Fed expectations and their first rate increase since December 2015.