Although the Institute for Supply Management showed that its manufacturing purchasing managers’ index increased to 51.9 in Oct, the USD Index moved sharply lower. As a result, the greenback declined significantly against the Swiss franc. What does it mean for USD/CHF?

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Although Chicago PMI dropped to 50.6 this month, disappointing market’s participants, earlier data showed that consumer spending increased 0.5% and personal income rose by 0.3% in Sep, which pushed the euro lower against the greenback. As a result, EUR/USD dropped below the previously-broken levels, invalidating earlier breakouts. What does it mean for the exchange rate?

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Although preliminary reading showed that the U.S. GDP increased by 2.9% in the third quarter (compared to earlier quarter), the USD Index gave up some of yesterday’s gains, which pushed EUR/USD higher. But did this increase change anything in the short-term picture of the exchange rate?

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Although yesterday’s small decline in the USD Index pushed the Australian dollar higher, two important resistances successfully stopped further improvement, triggering a pullback. What impact did this price action have on the technical picture of AUD/USD?

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Earlier today, the USD Index extended losses below the level of 99, which pushed USD/CHF under important resistance line and resulted in an invalidation of earlier breakout. What does it mean for the exchange rate?

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