Earlier today, official data showed that German factory orders fell unexpectedly in August, while industrial orders declined by 1.8% from a month earlier, missing expectations for a 0.5% increase. Thanks to these disappointing numbers, the euro hit session lows against the greenback and re-approached the support line, which triggered another rebound. What’s next for EUR/USD?

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Earlier today, the USD Index moved lower and came back below the level of 96 as Friday’s disappointing job report continued to weigh on investors’ sentiment. Thanks to these circumstances, the Australian dollar increased against its U.S. counterpart and broke above the upper line of the consolidation. How high could the exchange rate go in the coming days?

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Although the U.S. unemployment rate remained unchanged at 5.1% in the previous month, the U.S. Labor Department showed that the economy added 142.000 jobs in September, missing expectations for a 203.000 increase. Additionally, average hourly earnings were flat in September, missing forecasts for a 0.2% rise. These disappointing numbers, raised uncertainty over whether or not the Federal Reserve will raise interest rates before the end of the year. As a result, the USD Index declined sharply, breaking below the level of 96. What impact did this drop have on our six currency pairs?

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Today, the U.S. Department of Labor showed that the number of initial jobless claims in the week ending September 26 increased by 10,000, missing forecasts for a 3,000 rise. Thanks to these numbers, the USD Index reversed and declined, which pushed EUR/USD higher. But did this move change anything in the short-term picture?

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Earlier today, official data showed that consumer price inflation in the euro zone declined by 0.1% in September (the first time in six months), missing expectations for a flat reading. In this environment, the euro dropped against the greenback and slipped under 1.1260. Are there any technical factors that could trigger further deterioration?

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