The US companies slashed hiring to the lowest level in 11 months in September owing to the disruption of business activities caused by Hurricanes Irma and Harvey, according to the ADP Employment report.
The British Pound strengthened against the Greenback on the grounds of shiny UK service industry data.
Unfortunately, none of the yesterday's fundamental events caused a substantial volatility in the markets.
Rising concerns over the Janet Yellen's resignation from the Fed Chair post enabled gold traders to restore some positions against the buck and even break from dominant descending channel.
The ISM stated that its index for the US manufacturing activity surged to 60.8 points in September, reaching the highest level in more than 10 years.
The GBP/USD fell from the intraday high after the report on Tuesday indicated contraction in the UK construction sector.
Yesterday's trading session revealed that a breakthrough the 100% Fibonacci retracement level at 1.1715 was a false signal.
The ISM stated that its index for the US manufacturing activity surged to 60.8 points in September, reaching the highest level in more than 10 years.
A release of better than expected information about the US manufacturing activity allowed the pair to successfully cross the 100-day SMA.
The GBP/USD kept declining gradually after the weaker-than-anticipated Britain's manufacturing PMI figures.
In result of the Catalan referendum and release of better than expected American manufacturing activity data, the pair broke through a combined support formed by the 100% Fibonacci retracement level and the updated weekly S1.
Due to fundamental reasons the pair made a sharp turn around and began falling to the south, crossing the 61.8% Fibonacci retracement level near 1,278.95.
The Commerce Department said that the US economic growth in the second quarter was the quickest in more than two years, with a 3.1% annual increase in the reported period.
The British Pound fell significantly against the US Dollar on Friday morning, following the couple of the UK economic reports.
The Catalan referendum on independence financial markets met with expected negative reaction, which led to 0.3% depreciation of the Euro against the Dollar.
In result of a rebound from the 61.8% Fibonacci retracement level at 1,278.96 the gold started to recover against the buck.
A pressure from the 100-hour SMA from the top and the weekly S2 from the bottom put the pair in a limbo near the 1.1790 mark.
The Commerce Department said that the US economic growth in the second quarter was the quickest in more than two years, with a 3.1% annual increase in the reported period.
The Commerce Department said that the US economic growth in the second quarter was the quickest in more than two years, with a 3.1% annual increase in the reported period.
The Commerce Department showed that new orders for the US-made capital goods rose more than anticipated 1.7% over the month of August, while shipments continued to increase, suggesting the strengthening of the US economy, despite an expected drag from Hurricanes Irma and Harvey.
The Commerce Department showed that new orders for the US-made capital goods rose more than anticipated 1.7% over the month of August, while shipments continued to increase, suggesting the strengthening of the US economy, despite an expected drag from Hurricanes Irma and Harvey.
In result of a two day downfall, the pair encountered the another significant support level set up by the 61.8% Fibonacci retracement level at 1,278.96.
As majority of pending orders are set to sell, the Greenback continues to appreciate against the Euro.
As it was expected, the pair found a resistance at 1,313.61 and, after reaching it, began to slip to the bottom.