Earlier today, the Australian Bureau of Statistics showed that gross domestic product increased by 0.9% in the first quarter, beating expectations for a growth of 0.7%. Additionally, on a year-on-year basis, the GDP rose 2.3%, also above expectations for an increase of 2.1%. Thanks to these solid numbers, AUD/USD extended gains and climbed above 0.7800. Will we see further improvement in the coming days?

• Read more

Earlier today, the data showed that the euro zone consumer price index increased by 0.3% in the previous month, beating analysts’ forecast. In this environment, EUR/USD rebounded sharply and broke above resistance area, but did this move change anything?

• Read more

Although today’s data showed that the Markit U.K. manufacturing PMI increased to 52.0 in May, the data missed forecasts of 52.5, disappointing market participants. As a result, GBP/USD extended losses and hit a fresh 3-week low. Will we see the exchange rate below 1.5200 in the coming week?

• Read more

Earlier today, the U.S. Bureau of Economic Analysis showed that gross domestic product dropped by 0.7% in the first quarter of 2015, while the Chicago PMI declined to 46.2 in May, missing expectations for an increase to 53.0. Thanks to these disappointing numbers, the USD Index moved lower and slipped below 97. How did this move affect the short-term picture of our six currency pairs?

• Read more

Although the Office for National Statistics reported that British GDP expanded 2.4% on a year-over-year basis, the data also showed that gross domestic product confirmed growth of 0.3% % in the first quarter, missing expectations for a reading of 0.4%. Thanks to these disappointing numbers GBP/USD extended declines, slipping below the support levels. How low could the exchange rate go in the coming days?

• Read more