Commerce Department stated that the US durable goods orders fell sharply 1.2% in October, while its core measure marked sligtly weaker increase of 0.4% in the same period.
The Sterling was seen slightly stronger against the US Dollar, after the UK GDP growth report came in on Thursday.
In result of fluctuations in a limbo between the 1,295.00 and 1,287.22 levels the exchange rate has formed a minor symmetrical triangle.
Previous trading session the currency rate expectedly spent in limbo between the 1.1860 and 1.1837 levels.
During the previous trading session, the exchange rate continued the soar from the bottom edge of senior ascending channel.
A release of the US macro data as well as the Fed Meeting Minutes led to rapid depreciation of the Dollar against all major currencies.
Commerce Department stated that the US durable goods orders fell sharply 1.2% in October, while its core measure marked sligtly weaker increase of 0.4% in the same period.
Commerce Department stated that the US durable goods orders fell sharply 1.2% in October, while its core measure marked sligtly weaker increase of 0.4% in the same period.
The National Association of Realtors reported that the US existing home sales rose more than anticipated in October, revealing 2.0% gain to a seasonally adjusted yearly rate of 5.48M units in the reported month.
The National Association of Realtors reported that the US existing home sales rose more than anticipated in October, revealing 2.0% gain to a seasonally adjusted yearly rate of 5.48M units in the reported month.
In line with expectations, the exchange rate failed to bypass the 100- or 55-hour SMAs yesterday.
In result of the previous trading session, the currency rate slightly crossed the bottom boundary of a large ascending channel.
Rising concerns over Merkel's inability to form a government, led to active appreciation of the buck, which, in turn, dragged the exchange rate to the 1,277.00 level.
The currency exchange rate expectedly slipped to the bottom boundary of a dominant ascending channel.
The Commerce Department said that the US homebuilding rose to the highest level of the year in October, where housing starts jumped 13.7% to a seasonally adjusted yearly rate of 1.29M units, while building permits added 5.9% to a 1.30M unit rate in October.
The Commerce Department said that the US homebuilding rose to the highest level of the year in October, where housing starts jumped 13.7% to a seasonally adjusted yearly rate of 1.29M units, while building permits added 5.9% to a 1.30M unit rate in October.
Due to concerns over successful vote on the new tax reform, the gold inched to the top, trying to reach the monthly R1.
The currency exchange rate is rise in a large ascending channel.
The Commerce Department said that the US homebuilding rose to the highest level of the year in October, where housing starts jumped 13.7% to a seasonally adjusted yearly rate of 1.29M units, while building permits added 5.9% to a 1.30M unit rate in October.
The Commerce Department said that the US homebuilding rose to the highest level of the year in October, where housing starts jumped 13.7% to a seasonally adjusted yearly rate of 1.29M units, while building permits added 5.9% to a 1.30M unit rate in October.
A sudden demand for safe haven assets created an upside momentum that allowed the pair to break through combined resistance set up by various MAs and the monthly PP.
The Labour Department revealed that the US consumer inflation eased to 0.1% from 0.5% in October, while its core figure appreciated to 0.2% in the same period.
The Sterling appreciated against the US Dollar on the weak retail sales figures for the UK on Thursday.
Previous trading session the currency rate expectedly spent in a limbo between the 38.2% and 50% Fibonacci retracement levels.