Earlier today, the yen moved higher against the greenback after weak Chinese data (which showed that China’s exports dropped 25.4% from a year earlier, while imports fell by 13.8% year-on-year, missing analysts’ forecasts) increased safe haven demand. Will we see further improvement in the coming days?

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Earlier today, the euro moved lower against the greenback after official data showed that German factory orders dropped by 0.1% in the previous month. As a result, EUR/USD came back below important resistance line. What happened at the same time with other currency pairs?

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Yesterday’s disappointing data from the Institute of Supply Management (its non-manufacturing PMI dropped to 53.4 in Jan) in combination with an increase in the number of initial jobless claims in the week ending Feb 27 pushed the USD Index sharply lower. How did this drop affect the euro, yen and Swiss franc?

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Although the USD Index moved slightly lower earlier today, the greenback remains near recent highs as bullish ADP report continues to support the U.S. currency. Will Friday’s government report show similarly strong jobs growth? Before we know the answer to this question let’s take a look at the technical picture of EUR/USD, GBP/USD AND USD/CAD.

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Earlier today, the ADP report showed that non-farm private employment increased by 214,000 last month, beating expectations for an increase of 190,000. Thanks to these solid numbers, the USD Index extended gains and hit an intraday high of 98.59. How did this increase affect the euro, yen and Swiss franc?

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