During the last five days the currency exchange rate was trying to break through the bottom edge of a senior ascending channel.
Yesterday the exchange rate unsuccessfully tried to break through the weekly R1 at 1,339.42
Unfortunately for the Euro, the currency pair continues to fluctuate near the bottom edge of a senior ascending channel.
The Labour Department revealed that the US marked an increase of 156K new jobs over the course of August, which was below expectations, but strong enough to keep the country's economy growing at a steady pace.
The GBP/USD exchange rate fell in a wake of disappointing Britain's construction PMI report to continue trading in a wide-range dynamics.
In result of the escaling North Korean crisis investors start to transfer their money into a more safer assets, such as gold.
The Labour Department revealed that the US marked an increase of 156K new jobs over the course of August, which was below expectations, but strong enough to keep the country's economy growing at a steady pace.
The Sterling appreciated against the US Dollar, as the UK manufacturing sector reported a stronger-than-expected growth in August. GBP/USD rose to the 1.2930 mark to sustain the appreciation up until the US economic reports.
On Friday, the currency pair unexpectedly continued the fall after release of disappointing data about the US labour market.
During the previous trading day the bullion gained 1.3% in value against the buck.
The National Association of Realtors revealed that pending home sales in the United States fell 0.8% over the month of July, as the property market kept facing hurdles form a limited supply of available houses, which pushed prices up.
The National Association of Realtors revealed that pending home sales in the United States fell 0.8% over the month of July, as the property market kept facing hurdles form a limited supply of available houses, which pushed prices up.
Yesterday the currency rate expectedly failed to break through the combined support level and was forced to make a rebound.
The American Dollar continued to advance against the Yen as it was expected yesterday.
As it expected, the Sterling slightly appreciated against the Greenback after announcement of the UK Second Estimate GDP.
Most of the previous trading day the yellow metal spent in a descending triangle pattern.
Yesterday the currency pair continued to slip in a small descending channel, following an encouraging release of information on the US Preliminary GDP.
The American Dollar continued to advance against the Yen as it was expected yesterday.
As it expected, the Sterling slightly appreciated against the Greenback after announcement of the UK Second Estimate GDP.
Yesterday the pair made a sharp turn around due to release of information of the US CB Consumer Confidence.
Yesterday the buck expectedly restored some of the lost positions thanks to release of the satisfying US CB Consumer Confidence data.
The American Dollar continued to advance against the Yen as it was expected yesterday.
As it expected, the Sterling slightly appreciated against the Greenback after announcement of the UK Second Estimate GDP.
The first of the week was very fortunate for the gold, as the gained 1.91% in value against the US Dollar.