The US Dollar continued to be volatile against major currency.
The AUD/USD pair continues to break all drawn patterns, by the end of Thursday's trading session, the pair breached the upwards aimed junior channel and dropped back to the dominant channe
The common European currency is slowly gaining ground against the Japanese Yen.
The first part of Thursday's trading session was relatively calm for Gold, as it was trading in a 1,365.00/1,353.00 range between the weekly R3 and the weekly and monthly R2s.
The US Dollar was confidently moving lower against the Yen on Thursday prior to being boosted by Trump's comments later in the session.
Despite strong signals of reversal, the Sterling managed to maintain its high position against the US Dollar on Thursday, as it was trading slightly below the 1.43 mark —its 1,5-year high—during most of the session.
Even though the losses of EUR/USD were limited solely to 11 pips on Thursday, the pair made two massive leaps throughout the day.
The decline of the US Dollar continued against the Canadian Dollar as expected.
By the end of Wednesday's trading session, the New Zealand Dollar had extended its gains against the US Dollar and reached a new high level. Namely, the 0.74 mark had been touched.
As expected, the Aussie continued its surge against the US dollar just as every other major currency.
The common European currency is slowly losing ground against the Japanese Yen.
Gold continues to appreciate against the US Dollar for the second consecutive session.
The bearish momentum that prevailed on Tuesday continued to dominate the market on the following day, as well.
Upside risks have dominated the GBP/USD exchange rate for the third consecutive session.
The common European currency surged against the Greenback during the first part of Wednesday.
By the middle of Wednesday's trading session the New Zealand Dollar had extended its gains against the US Dollar and booked a new high level. Namely, the 0.74 mark had been reached.
The USD/CAD has shown a miraculous move. After touching the 1.25 mark and revealing an ascending channel pattern during the first half of this week the currency exchange rate was expected to surge.
Although it was expected that the Australian Dollar will begin a surge against the US Dollar after meeting with the lower trend line of a long term channel up pattern, the pair began the surge a lot earlier.
The previous analysis concentrated on the fact that the EUR/JPY pair had reached a new low level of 135.20, where it was stopped for the second time by the 38.20% Fibonacci retracement level. That support managed to hold ground and force the pair into a short term surge.
Bulls dominated the market on Tuesday, thus allowing the yellow metal to appreciate by 0.57%.
The strong downside momentum that prevailed in the market on Tuesday breached any previous assumptions of a limited fall.
The Pound remained relatively stable against the US Dollar yesterday.
EUR/USD was trading in bullish market on Tuesday.
The previously described scenario on Monday regarding the NZD/USD did not come into reality. The strong resistance level was broken and the pair keeps moving north.