In result of continuous tensions on the Iberian Peninsula, anticipation of the ECB meeting and conduction of two non-binding referendums on independence in Northern Italy, the Euro depreciated against the Dollar and slipped through all three moving averages.
The National Association of Realtors reported on Friday that the US existing home sales gained 0.7% to a seasonally adjusted yearly rate of 5.39M in September.
The National Association of Realtors reported on Friday that the US existing home sales gained 0.7% to a seasonally adjusted yearly rate of 5.39M in September.
Due to uneasy situation on the Iberian Peninsula, the yellow metal surged to the 1,290.50 level but then was forced to retreat by the 100- and 200-hour SMAs.
Despite escalating tensions in Spain, the Euro continued to rally against the Dollar yesterday.
The US Commerce Department revealed that building permits fell to 1.13M in the month of September, adding to concerns that the recovery of the property market was stalling.
The British Pound fell sharply against the Greenback on the report showing stronger-than-expected drop in the country's retail sales.
In result of the three-day fall, the exchange rate formed a falling wedge and made a breakout from it using the 61.8% Fibonacci retracement level, as a trampoline.
Because of release of weak US housing data the Dollar failed to drag the Euro even below the weekly S1 at 1.1735.
The US Commerce Department revealed that building permits fell to 1.13M in the month of September, adding to concerns that the recovery of the property market was stalling.
The Sterling was suffering the third straight day of weakness against the US Dollar on mixed job data for Britain yesterday morning.
In result of the previous trading session, the exchange rate slipped not only through the 200-hour SMA, the weekly PP but also through the bottom boundary of an ascending channel.
Although the currency exchange rate failed to pass through the weekly S1 from the first attempt, the pair is still expected to move in the southern direction.
The Labour Department showed that the US import prices grew at the strongest pace of 0.7% in more than a year in September, due to higher costs of food and petroleum.
The GBP/USD exchange rate retreated from the peak to start a downward trend after a decent UK economic data.
In result of the previous trading session, the exchange rate made a breakout from the rising wedge formation.
The Labour Department showed that the US Consumer Price Index edged 0.5% higher in September, the strongest gain since January, which put the yearly rate of consumer inflation to 2.2% in the reported period.
The Labour Department showed that the US Consumer Price Index edged 0.5% higher in September, the strongest gain since January, which put the yearly rate of consumer inflation to 2.2% in the reported period.
In result of the previous trading session, the currency rate broke through the 200-hour SMA.
In result of release of unfavourable inflation data, the bullion continued to rally against the buck.
The Labour Department showed that the US Consumer Price Index edged 0.5% higher in September, the strongest gain since January, which put the yearly rate of consumer inflation to 2.2% in the reported period.
The Labour Department showed that the US Consumer Price Index edged 0.5% higher in September, the strongest gain since January, which put the yearly rate of consumer inflation to 2.2% in the reported period.
Despite a release of worse than expected data, the currency exchange rate failed to surge above the monthly PP at 1.1875 and made a rebound.
The Labour Department revealed that the US Producer Price Index climbed 0.4% in September.