Earlier today, data showed that Germany’s services PMI dropped to a 16-month low of 52.1 in November, while the composite PMI dropped to a 17-month low of 51.7. Additionally, the French composite PMI fell to a nine-month low of 47.9, missing analysts’ expectations. On top of that, euro zone’s composite purchasing managers’ index dropped to 51.1 last month from 52.1 in October. These bearish numbers pushed EUR/USD lower, which resulted in a fresh 2014 low. How low could the exchange rate go in the coming days?

• Read more

The Reserve Bank of Australia left its benchmark interest rate at a record-low of 2.50%, which pushed the Australian dollar higher against the greenback. As a result, AUD/USD bounced off yesterday’s fresh 2014 low, but will we see further rally?

• Read more

On Friday, the Nationwide Building Society reported that U.K. house price inflation rose 0.3% in November, missing analysts’ expectations for a 0.4% increase. As a result, the British pound moved lower against the greenback and GBP/USD slipped to its key support line. Where the exchange rate head next?

• Read more

The Australian Bureau of Statistics reported that construction work done declined by 2.2% in the third quarter, missing analysts’ expectations for a 1.7% fall. In response to this disappointing numbers, AUD/USD moved lower, hitting a fresh 2014 low. Is this event as bearish as it seems at the first glance?

• Read more

Earlier today, the Conference Board showed that its index of consumer confidence dropped to 88.7 in November, missing analysts’ expectations for an increase to 95.9. In a response, the U.S. dollar moved lower, which pushed the EUR/USD pair to an important resistance line. Will we see a breakout and further improvement?

• Read more