The EUR/USD pair is struggled to find support in the first monthly resistance level at 1.1263 by 6:00 GMT. However, the rate is most likely to continue the surge.
US core consumer prices grew less than expected last month, official data showed on Tuesday.
On Tuesday, the Office for National Statistics has revealed the UK's inflation rate on the yearly basis which is still quite weak.
At the start of Tuesday's trading session, the yellow metal surged and passed the 1,345 mark. Such a move might be an indicator that the metal will stop fluctuating around the 1,340 level, as it did for the past week.
The EUR/USD continued to surge on Tuesday, as the pair moved past the 1.12 mark. Previously, the Euro fell and bounced off the weekly PP against the US Dollar on early Monday morning.
Sales at US retailers unexpectedly fell in July, official data revealed on Friday.
Sales at US retailers unexpectedly fell in July, official data revealed on Friday.
The yellow metal fluctuated around the level of 1,340 on Monday morning, as the metal struggled with the resistance put up by the weekly PP at 1,340.78.
The Euro fell and bounced off the weekly PP against the US Dollar on early Monday morning. Previously, the currency exchange rate surged
Sales at US retailers unexpectedly fell in July, official data revealed on Friday.
Sales at US retailers unexpectedly fell in July, official data revealed on Friday.
After the fall on Thursday, the yellow metal stayed near the 1,340 level on Friday morning.
According to the Labour Department Thursday's release, the number of people filing for unemployment benefits went down during the last week, figuring out that stable labour market strength in early August that could help speed up economic growth.
The common European currency depreciated on Thursday, as it encountered resistance near the weekly R1 at 1.1197.
According to the Labour Department Thursday's release, the number of people filing for unemployment benefits went down during the last week, figuring out that stable labour market strength in early August that could help speed up economic growth.
Unfortunately to some, gold is not managing to recover, as the metal changed its direction amidst a surge on Wednesday, and it continued to fall on Thursday.
The common European currency is slightly depreciating against the US Dollar on Thursday, as the pair has encountered resistance.
The number of job openings in the United States increased more than expected during the sixth month of the year, official data showed on Wednesday.
The number of job openings in the United States increased more than expected during the sixth month of the year, official data showed on Wednesday.
The yellow metal began rising on Tuesday, and it is still recovering in the aftermath of the huge fall of the price on Friday.
The US non-farm sector created more jobs than expected last month, whereas the unemployment rate remained unchanged, fresh data from the Department of Labor showed on Friday.
After finding support in the 200-day SMA and staying near that level for almost two days, the EUR/USD pair rebounded and surged on Tuesday and Wednesday.
UK manufacturing and industrial production continued to contract in June amid Britain's decision to leave the European Union, official data from the Office for National Statistics (ONS) revealed on Tuesday.
Gold continues to fall on Monday, as the metal has no support levels on its path down until the level of 1,324.16.