Although the U.S. Commerce Department showed that housing starts increased by 6.5% in Sept (to 1.206 million units, beating analysts‘expectations), the number of building permits issued dropped by 5.0%. Thanks to these mixed numbers, the USD Index erased some of earlier losses, while EUR/USD verified the breakdown under the support/resistance line once again. Will we see further deterioration in the coming days?

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Earlier today, the USD Index extended gains and approached the level of 95. As a result, EUR/USD verified the breakdown under the support/resistance line and declined. What’s next?

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Earlier today, the University of Michigan reported that its consumer sentiment index increased to 92.1 in Oct, beating expectations for an 89.0 rise. As a result, the USD Index extended gains and climbed to 94.70. What impact did this increase have on the short-term picture of our currency pairs?

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Although the Australian Bureau of Statistics showed that the number of employed people declined by 5,100 in the previous month (missing expectations for an increase of 5,000), Australia's unemployment rate remained unchanged at 6.2% in Sept. Thanks to these numbers, AUD/USD extended yesterday’s gains, erasing most of the Tuesday decline. Will we see a fresh Oct high in the coming days?

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The combination of dovish comments by Fed officials and disappointing Chinese data (which showed that the annual rate of inflation slowed to 1.6% in Sept) pushed the USD Index to a fresh Oct low of 94.47. What impact did this decline have on the euro, yen and Swiss franc?

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