An higher-than-anticipated US GDP figure on Friday caused the AUD/USD currency pair to sustain rather serious losses.
The Euro's performance against the Yen was rather mild on Friday, as the pair remained relatively unchanged over the day.
As long as the bullion keeps trading above the February uptrend, currently at 1,217.36, the outlook will preserve a positive bias for the nearest future.
Although the better-than-expected US GDP caused the Greenback to appreciate against the Japanese Yen on Friday, these gains are under the risk of being erased today.
Strong US GDP figures caused the Cable to retreat from its daily high of 1.4045, ultimately falling to the lowest in six years.
EUR/USD neared the 2016 uptrend line at 1.0925 on Friday and managed to stay afloat above this key support.
Amid a much better-than-anticipated reading of the New Zealand Trade Balance, the NZD/USD currency pair overperformed and breached the 1.5-year resistance line.
The Loonie extended its rally against the US Dollar on Thursday, leading the USD/CAD currency pair down to the up-trend at 1.3530.
The Aussie managed to outperform the US Dollar on Thursday, preserving the bullish trend-line.
With the improvement of risk sentiment, the European single currency managed to climb almost 100 pips higher against the Yen yesterday.
The American Dollar succeeded in outperforming the Yen yesterday, amid strong readings of US fundamental data.
The Cable's volatility was contained by the 1.39 level from the downside and the 1.40 level from the upside, as the pair reacted on fundamental data.
Gold is gaining more and more ground. Although two days ago the commodity failed to gain a foothold above 1,250 dollars, the outlook remains bullish, even though the monthly indicators are mostly giving ‘sell' signals.
The Euro rebounded after it touched upon the formidable 1.0970/50 demand area.
The New Zealand Dollar closed trade with a 17-pip rally against its US counterpart on Wednesday, leaving the up-trend intact.
With the rebound of oil prices and disappointment in US fundamentals yesterday, the USD/CAD fell down to the 1.37 major level.
Due to the Yen weakening by the end of the day yesterday, the Euro managed to retreat from its intraday losses and close trade in the green zone with a five-pip jump.
As was anticipated, the AUD/USD currency pair managed to return above the support line, thus, remaining relatively unchanged.
Upon reaching the 111.00 yen, the US Dollar managed to regain the bullish momentum and close trade with a seven-pip rally yesterday.
On Wednesday the Cable suffered a rather serious decline for the third consecutive day this week, also crossing a strong support in face of the weekly S3 and the monthly S1.
The commodity keeps appreciating after establishing a strong base at 1,210 dollars (up-trend and monthly R3).
The pair stalled after it had broken through the 200-day moving average.
The US Dollar overperformed on Tuesday, as it not only erased Monday's losses against the Loonie, but also managed to pierce the immediate resistance.
Yesterday the Aussie retreated from its intraday high, as a decline in oil prices drove the commodity currencies lower.