The Greenback remained relatively unchanged through all of the previous week, but managed to outperform the Canadian currency early today.
The AUD/USD ended the year consolidating around the 0.7290 level, while the new year began with a the Australian currency suffering a sharp decline.
The EUR/JPY pair's losses exceeded expectations last week, as the target support cluster failed to hold the cross afloat.
Gold prices have been rising in the morning on January 4, the first working day after a long holiday.
Last week the USD/JPY currency pair retested the 120.00 major level and closed slightly higher—at 120.23.
On the last day on 2015 the Cable suffered a rather serious 80-pip decline, with the immediate support failing to hold those losses.
Last trading day of 2015 was bearish for the EUR/USD currency pair when it tumbled below the 1.09 mark to settle near 1.0855.
Gold traded downwards on Wednesday, as declining commodities across the board failed to keep the yellow metal any near the green territory.
The USD/JPY managed to appreciate for the third day in a row yesterday, with the weekly PP preventing the pair from further gains.
Due to poor US fundamental results on Wednesday, the GBP/USD currency pair recovered from intraday lows and ended the day relatively flat.
Disappointing fundamental reports from both Europe and US resulted in no change for the EUR/USD currency pair on Wednesday.
As was anticipated, the New Zealand Dollar outperformed the Greenback and tested the second resistance area around 0.6875.
A surge in oil prices boosted the Loonie on Tuesday, causing the USD/CAD to almost completely erase Monday's gains.
On Tuesday, the Australian Dollar appreciated against its US counterpart, but with gains failing to exceed the 0.73 major level, rather than the anticipated 0.7310.
The EUR/JPY cross experienced more weakness on Tuesday, edging closer to the weekly S1 at 131.28. Nevertheless, technical indicators are giving bearish signals again today, increasing the possibility of the Euro to prolong the decline.
The yellow metal saw completely no movement in either direction on Tuesday of this week, given that traders took a pause in the run up to New Year holidays.
The Greenback managed to outperform the JPY yesterday, due to the boost provided by the strong US fundamentals.
The Cable was pushed down below the 1.48 major level on Tuesday, amid a strong reading of US fundamental data.
EUR/USD became increasingly turbulent after the US session began yesterday.
Although the 200-day SMA managed to limit the NZD/USD's volatility yesterday, trade still closed ten pips lower.
The American Dollar jumped higher against the Canadian currency on Monday, partially recovering from last week's losses.
On Monday the European currency retreated from intraday highs and closed trade just above the 132.00 psychological level, as was anticipated.
There were no surprises in the AUD/USD currency pair's performance on Monday, as the sell-off stopped in front of the immediate support cluster.
The bullion decided to respect a downward trend-line, which connects November and December highs and is currently placed at 1,077.