Positive Britain's economic reports for June resulted in a solid jump in the GBP/USD exchange rate right after the data came in.
The yellow metal continues to surge. Next target is the 1,290 mark.
The report on the US worker productivity, which revealed a higher-than-anticipated increase in the Q2, resulted in a jump of the USD/JPY currency pair.
Positive Britain's economic reports for June resulted in a solid jump in the GBP/USD exchange rate right after the data came in.
On Friday morning even more information is available in regards to the technical movements of the EUR/USD currency pair.
The yellow metal jumped on Wednesday, as expected. However, something has changed during the last 24 hours.
On Thursday morning the EUR/USD currency exchange rate was almost unchanged, compared to Wednesday's levels. However, loads of new information made forecasting easier.
The report on the US worker productivity, which revealed a higher-than-anticipated increase in the Q2, resulted in a jump of the USD/JPY currency pair.
The Sterling strived to offset post-NFP losses, as Monday's report revealed that the UK home prices rose more than anticipated in July.
The surge of the yellow metal continued during Wednesday morning hours.
The EUR/USD currency pair remained flat on Wednesday morning. However,
The US job openings report showed a record-high figure, which resulted in the instant advance of the USD/JPY currency pair.
The Sterling strived to offset post-NFP losses, as Monday's report revealed that the UK home prices rose more than anticipated in July.
As expected, the commodity price has found support in the lower trend line of the medium scale ascending channel pattern.
The Sterling strived to offset post-NFP losses, as Monday's report revealed that the UK home prices rose more than anticipated in July.
The US Dollar strengthened significantly against the Yen after the stronger-than-expected Non-Farm Payrolls report.
The common European currency has shown that there exists a medium term descending channel pattern on the EUR/USD charts.
The bullion has continued to lose value, as expected. However, the metal's price on Monday was showing signs that the decline might be over.
The common European currency has broken out from the medium term ascending channel pattern against the US Dollar.
The US Dollar strengthened significantly against the Yen after the stronger-than-expected Non-Farm Payrolls report.
During the last month, Britain's officials fuelled expectations that the Central Bank was likely to raise interest rates, though Thursday's reports showed it unchanged, resulting in the immediate fall in the GBP/USD currency pair.
On Thursday, the US Dollar posted a sharp fall against the Yen after the ISM report showed softer-than-expected growth in non-manufacturing sectors.
The bullion found strength in hourly support levels and has returned to trade back near the 1,270 mark.
During the last month, Britain's officials fuelled expectations that the Central Bank was likely to raise interest rates, though Thursday's reports showed it unchanged, resulting in the immediate fall in the GBP/USD currency pair.