Earlier today, the Office for National Statistics reported that the U.K. unemployment rate unexpectedly rose in May (the first increase since early 2013), which pushed the pound lower against the greenback. As a result, the exchange rate slipped below the medium-term resistance line, but is it enough to trigger a reversal?

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Earlier today, the National Australia Bank showed that its business confidence index climbed to 10 in June, which pushed AUD/USD above 0.7400. But did this increase change anything in the short-term picture?

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All of the currency pairs that we cover in our Forex Trading Alerts have one thing in common – all of them involve the US Dollar. In today’s issue we will focus on this particular currency by analyzing the USD Index from long- and short-term perspectives. This will put the most recent price swings in a bigger picture and should help to differentiate between important and rather random moves

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Yesterday, Greece presented a signed copy of an emergency bailout to its creditors, agreeing to a strict package of reforms and spending cuts worth around €13 billion. In exchange for the adoption of the austerity measures, the country could receive approximately €50 billion in short-term funding needed to stave off bankruptcy. This move brought Greece one step closer to a deal with its European creditors, rising optimism among investors and fueling demand for riskier assets. As a result, the USD Index reversed and declined, hitting a weekly low of 95.56. What impact did this drop have on the short-term picture of our six currency pairs?

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Yesterday, Greece requested a new three-year bailout from its euro zone creditors and pledged some economic overhauls, which supported the common currency and pushed it to the short-term resistance area. Did this upswing change anything in the overall picture of the exchange rate?

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