On Friday, official data showed that U.K. industrial production increased only by 0.1% in February, missing analysts’ forecast for a 0.4% gain. As a result, GBP/USD hit a fresh 2015 low. Earlier today, the exchange rate extended losses and slipped below 1.4600. Will we see further deterioration and a drop to 1.4510 in the coming week?

• Read more

In the recent days, the USD Index bounced off Monday’s low, erasing not only the previous week’s decline, but also approaching the barrier of 100 as growing expectations for a U.S. rate hike in June continues to support to the U.S. currency. What impact did this rally have on major currency pairs?

• Read more

Although industry data showed that U.K. house prices increased by 0.4% in March, beating expectations for a 0.2% gain, dark clouds gathered over the pound after the U.K. Office for National Statistics showed that the British trade deficit widened to £10.34 billion in February from £9.17 billion in January, missing analysts’ expectations. Thanks to these disappointing numbers, GBP/USD declined sharply, approaching Apr lows. Will we see further deterioration in the coming days?

• Read more

Yesterday, the Reserve Bank of Australia held its benchmark interest rate at 2.25%, while the Australian Bureau of Statistics showed that retail sales rose 0.7% in February (beating expectations for a 0.4% gain), which gave the Aussie a strong support. Earlier today, these solid numbers in combination with a weaker greenback pushed AUD/USD sharply higher, which resulted in an invalidation of earlier breakdowns. How high could the exchange rate go in the coming days?

• Read more

Earlier today, market research group Markit showed that the euro zone's services PMI slipped to 54.2 in March, missing analysts’ expectations. Additionally, the U.S. dollar bounced off Friday's lows, which together pushed EUR/USD lower. Where will the pair head next?

• Read more