Earlier today, official data showed that the Markit U.K. construction purchasing managers' index declined to 55.0 in the previous month, missing expectations for a drop to 57.5. Thanks to these numbers, GBP/USD gave up some gains and moved away from the first resistance line. Will we see further deterioration in the coming days?

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Earlier today, official data showed that China’s manufacturing purchasing managers’ index dropped to 49.4 in the previous month, which renewed worries over a slowdown in the world’s second biggest economy and pushed the Australian dollar lower against its U.S. counterpart (China is Australia’s biggest export partner). Will the exchange rate extend losses in the coming week?

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Although today’s preliminary data showed that the annual rate of inflation in the euro zone rose by 0.4% this month, German retail sales fell 0.2% in the previous month. Thanks to these mixed numbers, the euro moved lower against the greenback, moving away from the resistance line. What happened at the same time with other currency pairs?

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Although the U.S. Department of Labor reported that the number of initial jobless claims in the week ending January 22 dropped by 14,000 (beating expectations for a 12,000 decline, the U.S. Commerce Department showed that total durable goods orders declined by 5.1% in the previous month, missing forecasts for a decline of 0.6%. Additionally, core durable goods orders (without volatile transportation items) fell by 1.2% in Dec, also disappointing expectations for a drop of 0.1%. Thanks to these mixed data, the USD Index extended losses and slipped under the level of 99. What impact did this drop have on the euro, Canadian and Australian dollars?

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