The New Zealand Dollar trades against the Japanese Yen in an unclear manner on a larger scale. It is clear that there is an ascending channel in the short term, but no larger pattern. However, after extensive search the reason was found. The pair trades between the Fibonacci retracement levels, which can be measured by connecting the 2012 low and
The Euro trades in a short term ascending channel against the Swiss Franc, as the currency exchange rate has broken out of a descending channel. Regarding a little bit of the background, the reason for the rates rebound and subsequent surge was one of the Fibonacci retracement levels, which connect the 15 January 2015 high and low levels. However, at
New orders for US manufactured durable goods rose markedly last month, driven by higher demand for machinery and other equipment, official figures revealed on Wednesday.
The UK economy showed solid growth in the last quarter, as higher exports and consumer spending helped to offset the post-Brexit vote uncertainty, official data revealed on Friday.
On Tuesday morning the yellow metal bounced around the weekly PP without a clear direction. The reason for that are the short term support levels, which keep it up on the hourly chart.
On Tuesday morning the Euro depreciated against the US Dollar, as the currency exchange rate fell until it found support in the weekly PP at 1.0589.
New orders for US manufactured durable goods rose markedly last month, driven by higher demand for machinery and other equipment, official figures revealed on Wednesday.
The UK economy showed solid growth in the last quarter, as higher exports and consumer spending helped to offset the post-Brexit vote uncertainty, official data revealed on Friday.
The yellow metal reached the medium term descending channel pattern's upper trend line and could not pass it on Monday morning. However, the bullion also faced the strong level of significance at 1,200, which is not likely to be passed easily. Due to that, it is most likely that the bullion is set to rebound after enough failed attempts at
On Monday morning the EUR/USD currency exchange rate surged and reached the weekly R1 at 1.0659, which stopped the pair's movement upward.
New orders for US manufactured durable goods rose markedly last month, driven by higher demand for machinery and other equipment, official figures revealed on Wednesday.
New orders for US manufactured durable goods rose markedly last month, driven by higher demand for machinery and other equipment, official figures revealed on Wednesday.
The yellow metal experienced more volatility to the downside during Friday session's early trading hours.
The common European currency rebounded on Friday morning against the US Dollar, as the currency exchange rate bounced and reached above the 1.06 level.
New orders for US manufactured durable goods rose markedly last month, driven by higher demand for machinery and other equipment, official figures revealed on Wednesday.
New orders for US manufactured durable goods rose markedly last month, driven by higher demand for machinery and other equipment, official figures revealed on Wednesday.
Gold finally fell to and below the 1,200 mark, as it had been expected for some time. On early Thursday morning the bullion was looking for support.
The common European currency retreated against the US Dollar on Thursday morning.
US consumer prices see the biggest increase in six months in October amid higher gasoline and rent costs.
British retail sales grew at the fastest pace since 2002 in October, helped by colder weather and Halloween, official figures revealed on Thursday.
Gold was back below the 1,215 mark on Wednesday morning. However, it retreated already by the end of Tuesday's trading.
On early Wednesday morning the Euro remained almost flat against the US Dollar, as the currency exchange rate fluctuated around the monthly S2 at 1.0632.
British retail sales grew at the fastest pace since 2002 in October, helped by colder weather and Halloween, official figures revealed on Thursday.
US consumer prices see the biggest increase in six months in October amid higher gasoline and rent costs.