fxnet market analysis

The dollar was weaker on Wednesday as there was no data to move the markets, but there will be some action on the U.S. economic calendar today, as initial jobless claims and retail sales are on deck. EUR/USD ground its way through sellers into the 1.3800 level, with the eventual target over...

The Australian dollar was the worst performer in the Asian session after dropping 1% against the US dollar on disappointing GDP data. AUDUSD fell to a three-month low to $0.9045 after the data that showed the Australian economy grew less-than-expected in the third quarter at 0.6% versus 0.8%...

The euro briefly made a one-month high versus the dollar early on Wednesday and briefly brushed the key $1.3600 level. The strength was partly due to positive news from Germany that German Chancellor Angela Merkel reached a deal with the Social Democratic party (SDP) after weeks of negotiations...

The euro hit a four-year high against the yen this morning, rising to 135.93, the highest since October 2009. What contributed to the yen’s weakness was data showing Japan’s trade deficit widened more than expected in October. Forecasts were for 1.091 trillion yen compared to a forecast of...

The US dollar slid against the yen during a quiet Asian session today, trading below the key 100 yen level and touching a low of 99.56 before steadying at 99.80 by the end of the session. Much of the reason behind the slide is due to profit taking as market participants are unwilling to take...