Earlier today, the Institute of Supply Management showed that its non-manufacturing PMI rose to 56.7 in January, beating analysts’ expectations for an increase to 56.3. In response to these numbers, the U.S. dollar moved higher against its Australian counterpart, which pushed AUD/USD to the medium-term support line once again. Will we see a verification of the breakout or rather the last stop before new lows?

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Earlier today, the U.S. Census Bureau showed that factory orders dropped by 3.4% in December, missing expectations for a decline of 2.2%. Thanks to these numbers, EUR/USD moved sharply higher, breaking above important resistance levels. Will we see a comeback above 1.1600 in the coming days?

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Although the British pound moved higher against the greenback after market research group Markit showed that its U.K. manufacturing PMI climbed to 53.0 in January, (beating analysts’ expectations for an increase to 52.6), the pair reversed in the following hours and dropped below the medium-term support line once again. Will we see something new in the coming week?

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Earlier today, the data showed that the Chicago purchasing managers' index climbed to 59.4 in January, beating analysts’ expectation for a drop to 57.5. Tanks to these numbers, the USD Index moved higher climbing above 95. How did this increase affect the picture of major currency pairs? Did it change their outlooks?

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Earlier today, the Swiss franc extended losses against the U.S. dollar as rising expectations for further intervention by the Swiss National Bank in the market to prevent the appreciation of the currency weighed on the USD/CHF pair. As a result, the exchange rate broke above an mportant Fibonacci retracement, which suggests further rally. How high could the pair go?

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