Earlier today, official data showed that British industrial production fell 0.7% in November, while manufacturing production fell 0.4% compared with October, missing forecasts for a 0.1% increase. Thanks to these disappointing numbers, GBP/USD extended losses, hitting a fresh multi-year low. Where will the exchange rate head next?

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Earlier today, the euro moved lower against the U.S. currency as Friday’s strong U.S. employment report for December continued to weigh on investors’ sentiment. As a result, EUR/USD moved away from the long-term resistance line – similarly to what we saw in previous months. Will we see further deterioration in the coming week?

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Earlier today, the U.S. Labor Department showed that the economy added 292.000 jobs in December, beating expectations for a rise of 200.000. The U.S. unemployment rate remained unchanged at 5.0% last month, in line with expectations. Thanks to these numbers, the USD Index moved sharply higher and climbed above 99. How did this move affect the euro?

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Earlier today, the Australian Bureau of Statistics showed that building approvals dropped by 12.7% in November, missing expectations for a 3.0% fall. Hanks to these disappointing numbers, AUD/USD dropped under the Nov low and reached the long-term key support line. Will it withstand the selling pressure?

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Earlier today, the U.S. dollar extended gains against its Canadian counterpart, which resulted in a fresh multi-year high. How high could the pair go in the coming days?

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