Earlier today, the U.K. Office for National Statistics showed that the CPI increased by 0.2% in Aug, while core CPI (without food, energy, alcohol and tobacco) rose by 1.0%. Thanks to these numbers, the pound moved little higher against the greenback, but did it change anything in the short-term picture of the exchange rate?

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While in most Forex Trading Alerts we focus on individual currency pairs, today we decided to focus on the USD Index that covers most of them in order to look at the broader picture and make sure that we “don’t miss the forest for the trees”.

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Yesterday, the U.S. Bureau of Labor Statistics showed that U.S. import prices fell by 1.9% in August, while export prices declined by 1.4% - far below expectations for a 0.4% drop. Thanks to these disappointing numbers, the USD Index moved lower, hitting a weekly low of 95.39. What impact did this drop have on the short-term picture of our six currency pairs?

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Official Australian data showed that the unemployment rate dropped to 6.2% and 11,500 jobs were added, which pushed AUD/USD higher earlier today. As a result, the exchange rate approached the resistance zone, but will we see further improvement in the coming days?

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Yesterday, the pound climbed to one-week high against the U.S. dollar as Friday's U.S. jobs report continued to weigh on investors' sentiment. As a result, GBP/USD erased almost all last week's decline and approached the key resistance area. What's next?

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