Although the National Australia Bank said its business confidence index increased, the Australian dollar gave up yesterday’s gains and declined against its U.S. counterpart. As a result, AUD/USD erased most of Monday’s gains and re-approached important support zone. Will it manage to stop currency bears in the following days?

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Earlier today, the U.S. dollar extended gains against its Canadian counterpart as disappointing unemployment data from Canada (the unemployment rate increased to 7.0% in the previous month) and declining price of crude oil continued to weigh on investors’ sentiment. Thanks to these circumstances, USD/CAD approached the Sep high and the key resistance zone. Will it stop further rally?

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Yesterday's reversal in the USD Index has profound implications on all currency pairs and consequently and today's alert includes a thorough analysis of this important development.

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Earlier today, the Australian Bureau of Statistics reported that the trade deficit narrowed to A$2.410 billion in July, beating analysts’ forecasts. Thanks to these solid numbers, the Australian dollar extended gains against its U.S. counterpart, which pushed AUD/USD above short-term resistance zone. How high could the exchange rate go in the coming days?

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Yesterday, the greenback moved sharply lower against the other major currencies after the Institute of Supply Management reported that its non-manufacturing purchasing manager's index dropped to 51.4 in Aug, disappointing market participants. Tanks to this decline, EUR/USD invalidated earlier breakdown and climbed to last week’s high. Where will the exchange rate head next?

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