The EUR/USD currency pair hammered through the floor on Wednesday, as the report showed that the US consumer prices rose more than anticipated in January.
The pair broke the resistance, which kept it down on Tuesday. The metal is set to revel new patterns, which should be aimed upwards.
SWFX market sentiment is 73% bullish (+3%) 53% (-5%) of pending orders in the 100-pip range are set to BUY
The British Pound fell against the Greenback 10 points or 0.07%, following the UK CPI data release.
The US government posted a $49B budget surplus in the month of January, the Treasury Department stated on Monday.
The yellow metal's price on Tuesday reached a very important resistance level.
The USD/JPY currency exchange rate has been affected by a non-scheduled event.
The US government posted a $49B budget surplus in the month of January, the Treasury Department stated on Monday.
The US government posted a $49B budget surplus in the month of January, the Treasury Department stated on Monday.
Economic activity in the US services sector was the strongest in more than 12 years, supported by rising new orders, suggesting that the economy sustained the strong momentum in the beginning of the year.
Economic activity in the US services sector was the strongest in more than 12 years, supported by rising new orders, suggesting that the economy sustained the strong momentum in the beginning of the year.
The Sterling depreciated against the US Dollar, following factory output data on Friday.
The EUR/USD currency pair was not exposed strongly to the influence of fundamentals on Monday.
Economic activity in the US services sector was the strongest in more than 12 years, supported by rising new orders, suggesting that the economy sustained the strong momentum in the beginning of the year.
Economic activity in the US services sector was the strongest in more than 12 years, supported by rising new orders, suggesting that the economy sustained the strong momentum in the beginning of the year.
The EUR/USD currency pair was not exposed strongly to the influence of fundamentals on Monday.
The Sterling jumped against the US Dollar more than 100 pips or 0.76%, just after the Bank of England's monetary policy decision was announced on Thursday, and continued to appreciate further.
Economic activity in the US services sector was the strongest in more than 12 years, supported by rising new orders, suggesting that the economy sustained the strong momentum in the beginning of the year.
Economic activity in the US services sector was the strongest in more than 12 years, supported by rising new orders, suggesting that the economy sustained the strong momentum in the beginning of the year.
The Halifax HPI reports caused a short-lived bullish reversal in the Sterling against the US Dollar.
The EUR/USD currency pair was not exposed strongly to the influence of fundamentals on Monday.
The yellow metal seems to be the only asset not affected by the panic occurring this week in the markets.
The US Dollar suddenly decline against the Japanese Yen and broke the previously drawn ascending channel.
The Sterling fell sharply against the US Dollar, after the report by Markit on the UK services industry.