Brace yourself. Fresh actions from the ECB are coming.
The NZD/USD currency pair retreated from its multi-year high on Friday, as kiwi took a break from the recent rally; however, the outlook is still bullish as the currency continues trading higher on further rate hike speculation and fears of Chinese government action.
Inflation is rising and moving closer to the official target of 2%, however, the looming tax hike on April 1 suggesting the progress can be eliminated.
British economy is on the mend; however, it has lost some the momentum in the beginning of 2014, therefore, markets were not expecting any surprises on Friday from the final GDP figures.
Consumer spending is still boosting the growth in the world's largest economy. Earlier a report from the Commerce Department said that the U.S. GDP expanded 2.6% in the three months through December, more than the 2.4% reported earlier; however, weaker than the 2.7% growth predicted by analysts.
Dukascopy traders still believe in bearish scenario on the EUR/USD currency pair, as 64% of opened positions are short. This time such an attitude is justified by weak inflationary pressure from Europe's powerhouse.
The Aussie, kiwi and loonie were last week's top performers, each adding 2.54%, 1.24% and 1.68%, respectively, as previous week's comments from central banks boosted investors' interest in these currencies.
The Kiwi continued its appreciation versus other currencies on Thursday, after data showed the country has logged a massive trade surplus in February that surpassed analysts' predictions and reinforced a view the economy is building up steam.
Following the upbeat data from Japan, which reduced the immediate probability of more easing measures from the nation's central bank, the Japanese Yen inched higher.
Sales at the nation's retailers is the primary gauge of consumer spending, which represents a vast majority of overall economic activity.
The world's largest economy has once again showed its high level of dependence on the household spending, as fourth quarter's final GDP figures were revised up mostly due to the fact consumer spending soared the most in three years.
The most traded currency pair showed little progress till Thursday, fluctuating within the weekly range.
Another success story from the RBNZ. While central bank's hawkish view and rate hikes can slow down economic growth, all decisions made by Graeme Wheeler's team proved to be successful so far.
Earlier this year Australian policymakers claimed that an exchange rate of the Aussie against the U.S. counterpart around 0.92 is representing a threat to the domestic economy, dampening exporters' profits.
Earlier this week the Office For National Statistics said the rate of consumer prices decelerated to 1.7% last month, hitting the lowest since November 2009 and slowing from 1.9% a month earlier.
Durable goods orders are considered to be a leading indicator, as businesses increase their spending signalling willingness to boost activity in attempt to fill the orders.
European economy is on the mend and the worst is over. These hopes have been boosting the single currency since July 2013, when Draghi pledged to do whatever it takes to save the currency union.
The Australian Dollar eased back from this year's high against the U.S. Dollar, as bulls are facing strong resistance around 0.9150 and without a strong bullish bias, further appreciation is unlikely, especially keeping in mind comments from the Fed.
The New Zealand Dollar continued its appreciation against other major currencies, as brighter economic outlook outweighed gloomy news from Chinese and U.S. manufacturing sectors.
Surprisingly how fast inflation in the U.K. moved back into a worrying territory, falling below the healthy 2% level.
When Bernanke was in position of the Fed's Chairman he cited two sectors of the economy as the main drivers behind economic growth—the labour and property markets.
Here we go. Finally, Ukraine crisis and the latest geopolitical tensions are starting to fee through the European economies.
The Australian Dollar is moving back into "uncomfortable" level against the U.S. Dollar, with the pair climbing to 0.91. The Aussie is strengthening helped by some certainty over the local interest rate outlook and overall economic forecast.
The Japanese Yen continued its depreciation against other major currencies on Monday as the International Monetary Fund claimed the global economy is improving, damping demand for safe haven currencies.