The Pound held gains against most major peers for another day on Friday and even the weekend.
Commodities extended their loss on Friday and only natural gas rallied significantly by 4.5%. Precious metals were undecided in pricing somewhat mixed Euro zone GDP data. On the other hand, US fundamentals registered a considerable disappointment. Still, gold fell by 0.12% and silver was down by 0.3% on a daily basis.
Lower than estimated pace of economic growth in the Euro zone resulted in a decline of the Euro against the vast majority of other G8 currencies last Friday. Euro/Swissie was the only cross to rally by around 0.2%, even though Switzerland's data showed no signs of weakness as producer price index rose more than forecasted in October by 0.2% on
The Greenback suffered losses against most major peers, despite a rather strong reading of US JOLTS Job Openings.
Due to lack of market movers, Sterling profit taking occurred against some major peers on Thursday.
Four commodities, which are included in our review, were literally unchanged in their value on Thursday. Gold and natural gas were down by 0.1 and 0.13%%, while corn and silver lost 0.14% and 0.21%, respectively. The only noticeable changes were posted by oil prices, which continued to slide down by more than 2.5% yesterday.
The Euro surged against all G8 currencies but the Australian Dollar on Thursday, because the latter used to have its own reasons for strong growth. Employment growth in Australia was around four times higher than had been anticipated in October as country's economy added 58,600 jobs versus an estimate of just 14,800.
Due to a bank holiday in the US, the Greenback suffered losses against other major peers.
The Sterling strengthened against other major currencies on Wednesday, boosted by lower unemployment rate.
Commodities were mainly losing value throughout the trading session on Wednesday. Corn was the only component to increase by 0.9%, while the slowest decline of 0.3% was posted by gold. The latter was tumbling along with silver (-0.7%), but these changes are considered as normal daily price swings when the session is not rich on any fundamental drivers.
British Pound has continued to strengthen versus the Euro on Wednesday, being that EUR/GBP cross lost 0.45% on day-to-day basis. Yesterday's bullish move of the Sterling was justified by core fundamental background. UK jobless rate dropped to 5.3% in September, while wages continued to rally by 3% for the same month.
The Greenback appreciated against most major peers, while remaining relatively unchanged against the others.
The British currency appreciated against other major peers, due to the anticipated Claimant Count Change hype.
There were three distinct gainers and the same number of losers among major commodities on Tuesday. Natural gas has partly recovered the previous day's losses, by going upwards by 0.9%. Along with natural gas, oil prices climbed by 0.5-0.8% before the release of US reserves during the previous week
Surprisingly, the Euro changed only by 0.2% to the downside versus the New Zealand Dollar on Tuesday, even though this Asian country brought important news in the past 24 hours. The Reserve Bank of New Zealand has published the Financial Stability Report, where it noted rising financial risks for the country's banks, even though the financial system remains sound so
The post-NFP hype has ended, leaving the US Dollar in the red zone on Monday.
The Sterling rebounded on Monday, appreciating against most of other major currencies.
From the list of all major commodities, only gold managed to gain some value on Monday and advanced by 0.2%. This growth followed substantial losses that the precious metal has suffered from in the past eight trading days. Gold has also languished near the lowest level in three months on Tuesday due to expectations the Fed was on track to
The Euro traded in a mixed environment during the first working day of this week, but no sharp changes were registered amid considerable lack of any drivers around the world. EUR/GBP hovered the most to the downside by 0.34%, being that Sterling strengthened on the back of UK Prime Minister David Cameron's speech to the Confederation of British Industry on
The Greenback climbed more than 1.00% higher against most of other major currencies on Friday and over the weekend.
Rather strong readings of the UK Manufacturing Production and Trade Balance were insufficient for the British Pound to post significant gains against other major currencies.
Buoyant US Dollar dragged commodity prices lower on Friday of the previous week. The only reason of USD appreciation was employment report published by US Labour Department, which revealed job gains of 271,000 in October. Gold and silver automatically lost more than one full percentage point, namely 1.3% and 1.4%, respectively.
The currency pair, which is immensely worth mentioning due to Friday's movements, is the most traded EUR/USD cross. This component tumbled by 1.3% and the single European currency was able to do literally nothing to contain losses after the ultra-positive US jobs report. The Dollar also strengthened versus other G8 currencies, being that American economy created significantly more jobs than
The US currency struggled to post significant gains against most major peers, with exception versus the Sterling, which suffered a 1.15% from the BoE Chair's dovish statement.