Yesterday, the Canadian dollar moved sharply lower against its U.S. counterpart as the price of crude oil slipped under the barrier of $30 once again. Does it mean that a fresh Jan high is still ahead USD/CAD?

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Earlier today, the Ifo German business climate index slipped to 107.3 from December’s 108.6, missing expectations for a reading of 108.4. Thanks to these disappointing numbers, the euro moved lower against the U.S. currency. Will we see lower values of EUR/USD in the coming week?

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Yesterday, ECB president Mario Draghi indicated that stimulus measures could be implemented before the end of the first quarter, which pushed the euro sharply lower against the greenback. Earlier today, EUR/USD extended losses and slipped under important support line. What happened at the same time with other currency pairs?

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Yesterday’s data showed that U.S. consumer prices dropped in the previous month. Additionally, U.S. housing starts and building permits declined, pushing the USD Index below 99. Thanks to this drop, EUR/USD climbed above the long-term resistance line. However, as it turned out, this improvement was only temporary and the pair slipped under this key resistance in the following hours. Does it mean that lower values of the exchange rate are still ahead us?

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Earlier today, the Westpac Banking Corporation showed that consumer sentiment in Australia dropped by 3.5% in Jan, which pushed the Australian dollar lower against the greenback. Thanks to this drop, AUD/USD approached the last week’s low. Double bottom or further declines?

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