Existing home sales in the United States dropped more than expected last month after rising for four consecutive months, official figures revealed on Wednesday.
Gold has finally moved out of the fluctuating range, in which it had been since August 4, as the yellow metal fell during Wednesday's trading session. At the beginning of Thursday's trading the commodity found support and slightly rebounded.
On Thursday morning the EUR/USD pair is stuck between the monthly R1 at 1.1263 and the weekly PP at 1.1281, as the rate is waiting for new data to make a move.
New home sales in the United States rose more than expected in July, official data showed on Tuesday.
New home sales in the United States rose more than expected in July, official data showed on Tuesday.
On Wednesday morning the bullion continues to fluctuate around the level of 1,336, to which it fell the previous session.
The Euro reached the second monthly resistance against the US Dollar, as forecasted before. However, the currency exchange rate bounced off the level and began to fall, which continues into Wednesday.
Initial jobless claims posted a surprise fall, fresh data revealed on Thursday.
Britain's retail sales rose more than expected last month, fresh data from the UK Office for National Statistics revealed on Thursday.
The yellow metal is set to surge and, amidst the surge, to struggle with the 20-day SMA at 1,340.40.
The common European currency fell down to the support cluster below on Monday and rebounded against it, as the currency exchange rate continued to surge on Tuesday.
The bullion began its fall on Friday, and it did not stop on Monday morning, as the metal reached the weekly S1 at 1,331.
As it was forecasted before, the EUR/USD pair did not pass the resistance at 1.1353 on Friday, and it is moving lower on Monday.
Initial jobless claims posted a surprise fall, fresh data revealed on Thursday.
Britain's retail sales rose more than expected last month, fresh data from the UK Office for National Statistics revealed on Thursday.
On Friday morning, the bullion reached the monthly pivot point at 1,345.31, as the commodity price was falling. However, gold rebounded against the monthly PP, and started bouncing between the 1,351.70 level and the monthly PP at 1,345.31.
The Euro met with resistance against the US Dollar at 1.1353, which it is not capable of passing, as the currency exchange rate reached the monthly R2 on Thursday.
Initial jobless claims posted a surprise fall, fresh data revealed on Thursday.
Britain's retail sales rose more than expected last month, fresh data from the UK Office for National Statistics revealed on Thursday.
The yellow metal stopped fluctuating around the 1,340 level on Wednesday, as the metal finally ended a session above the monthly PP at 1,345.31.
The Euro has slowed down its surge against the US Dollar, as the currency exchange rate encountered resistance put up by the weekly R2 at 1.1302.
The number of people filing for unemployment benefits in Britain dropped unexpectedly in the seventh month of the year, official data revealed on Wednesday.
US core consumer prices grew less than expected last month, official data showed on Tuesday.
The yellow metal returned back to the weekly pivot point at 1,340.78 on Wednesday morning, where it is most likely to find support and surge once again.