Earlier today, Markit’s data showed that its construction PMI dropped to 52.2 in March from 52.5 in February, which pushed the British pound lower against the greenback. As a result, GBP/USD declined below yesterday’s low. Will we see further deterioration in the coming days?

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On Friday, the euro extended losses against the greenback and closed the week under the previously broken long-term support/resistance line, invalidating the earlier breakout. Will this negative development encourage currency bears to act in the coming week?

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Earlier today the British pound moved lower against the greenback after the release of downbeat U.K. economic growth data. As a result, GBP/USD came back below 1.2500, erasing over 60% of yesterday’s increase. What’s next for the exchange rate?

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Earlier today, official data showed that the third estimate of fourth quarter GDP was better-than-expected, which together with a decrease in the number of initial jobless claims pushed the USD Index to the level of 100. How did this move affect the technical picture of the euro, the yen and the Australian dollar?

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