As the sound of the opening bell is approaching in Europe, the EUR/USD is retreating to mid-1.3500s, after only recently ascending above 1.3585.
The pair moved lower ahead of events in Europe, in about a 40-pip range to 1.3544 low. The euro was nearing 14-month highs against the dollar on Thursday after the FED reiterated its pledge to upholding its easing program after its latest policy meeting on Wednesday. EUR/USD hit 1.3584 throughout late-night Asian trade, but consequently consolidated at 1.3555, plummeting 0.07%…

The euro continues to strengthen after investors’ confidence in the eurozone assets is beginning to recover from europhobia which has plagued the ailing economic union in the last few years.
The EUR/USD attempts to remain buoyant at least above 1.3400 while the short term resistance is expected to be closer to 1.3485 before hitting 1.3500. The support is not expected to occur on a break of 1.3400 until 1.3300…

The AUD/USD traded yesterday around 1.0566 and dropped after CPI results from Australia were published. Expectations were for CPI figures to be at 0.4% but results turned out at 0.2% below this estimation.
Inflation rate decisions in Australia, as in most parts of the world, are under great scrutiny because of low growth and a fear of inflation even though this fear has not been proved justified…

The USD/JPU currency pair is now back trading below 89 levels after breaking the psychological barrier at 90 a few times during the past week.
The lack of inflation in Japan has created pressure to weaken the yen and expectations for that over the past few months have appreciated the USD/JPY to levels last experienced mid-2010. However, yesterday’s BoJ statement cooled the situation down the some extent, dropping the JPY below 89 and it is currently trading around 88.5…

China GDP (gross domestic product) figures were published on Friday and it seems that the Chinese economy is nowhere close to a slowdown, although it is true that the growth figures today do not resemble those of a few years ago.
Since events in China have a strong influence over the AUD/USD pair, the Australian dollar moved sharply after publication. Australia’s exports to china and an increase in growth can appreciate demand and raise the long-term value of the currency…