The rally on AUD/USD that has been seen since January can be running out of steam, as the pair struggles to move above the recent high at 0.9461 and the double top pattern can be completed soon.
Japan's economy can gain momentum even after the tax hike in April.
The latest report from the Rightmove Plc. showed that asking prices in the capital of the U.K. surged to a record high this month, as all of London's capital's boroughs posted increases.
There is a bunch of important economic releases from the United States this week, including speeches from the FOMC members, Janet Yellen's testimony in New York, FOMC minutes as well as weekly jobless claims and data from the housing market.
By the end of 2013 the 18-nation's bloc's real GDP was 3% lower than in the first quarter of 2008, meaning there is an excess capacity in the economy.
Australian economy used to rely on the mining sector for decades.
Expectations surrounding future moves of the monetary policy by the Bank of Japan have been diminished recently by a high level of confidence about the economy as well as claims from analysts the central bank will rather tighten its monetary policy, rather than ease it further.
The latest poll compiled by Ipsos Mori– a leading market research company in the U.K., showed that British people are now much more optimistic about the economy that at any time in 36 years.
The greenback continued its appreciation versus the single currency on Friday, adding 0.16% at the time of writing, as together with dovish comments from the ECB, the world's largest economy provided an optimistic view on the housing market, pushing the greenback higher.
Analysts are now predicting the central bank will cut both the refinancing rate and deposit rate during June's meeting.
More disappointment from the Bank of England, another set of worrying data from the Eurozone and optimistic budget from New Zealand were the last week's main highlights.
Australian policymakers and politics are not univocal and each is pushing the currency in the different direction.
Shinzo Abe and Haruhiko Kuroda can breathe out.
Following disappointing Inflation Report on Wednesday and boring BoE meeting a week earlier, now it is time for the MPC members to shed light on future moves of the monetary policy.
As it was expected, the EUR/USD pair moved lower on Thursday following upbeat fundamentals from the U.S.
Not really convincing. At all. Investors were not expecting a strong rebound in EUR/USD even in case of the upbeat data. This is a result of Mario Draghi's dovish comments and a pledge to act in June.
The widely-anticipated Financial Stability Report from the RBNZ showed the domestic financial system remains sound, even though there are certain risks that need to have a close eye kept on, including a high level of household debt, rising house prices as well as extremely volatile dairy-sector.
Last month the IMF and the Fed urged the Bank of Japan to start tapering its stimulus programme.
Another disappointment, again. Following sleepy BoE meeting last week, investors hoped Carney will unveil the precise data when the first rate hike will be made during the release of May's Inflation Report.
For months economists were trying to predict whether the recent slump in the world's largest economy, caused by harsh winter, will be temporary or it will have a devastating effect on the economy.
Germany and France both accounts for a majority of overall economic activity in the Eurozone, almost two thirds to be more precise.
The AUD/USD pair penetrated an important support level at 0.9346 on Tuesday, indicating the bullish rally is running out of steam.
It has been 13 months already since the time Kuroda launched his unprecedented stimulus programme. Growth has returned into the world's third largest economy, and the central bank has been very confident about the future prospects for now.
For months we have urged for the Bank of England to start raising interest rates. Since then New Zealand has made already two adjustments to its monetary policy, while Mark Carney has not even managed to provide any hints on future moves.