Earlier today, official data showed that the annual rate of inflation in the euro zone increased by 0.2% in Dec, missing forecasts for an increase of 0.3%. Additionally, core inflation (without food and energy costs) rose 0.9% in the previous month, also below forecasts for 1.0%. Thanks to these disappointing numbers, EUR/USD extended losses and broke below important support zone. How low could the exchange rate go in the coming days?

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Although today’s data showed that the Markit manufacturing PMI dropped to a three-month low of 51.9, GBP/USD bounced off session low and climbed above 1.4800. But did this increase change anything in the overall situation?

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Yesterday, EUR/USD moved little lower as Tuesday’s solid consumer confidence data continued to support the greenback. Thanks to these circumstances, the probability of further declines increased as the bearish formation is underway. What impact could it have on the exchange rate in the coming days?

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Yesterday’s data showed that consumer confidence index increased to 96.5 in Dec, beating analysts’ forecasts for a rise to 93.8 this month. As a result, the USD Index not only climbed above 98, but also hit an intraday high of 98.47 in the following hours. Despite this improvement, the Australian dollar moved higher and reached the key resistance zone. Will it withstand the buying pressure in the coming days?

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Although trading volumes remain thin after Christmas and ahead of the New Year, GBP/USD broke below very important support line. What does it mean for the exchange rate?

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