Yesterday, the U.S. dollar moved lower against its Canadian counterpart after the release of disappointing report on U.S. durable goods orders, but did this pullback change the short-term picture of the USD/CAD pair?

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Earlier today, the U.S. Commerce Department showed that total durable goods orders dropped 3.4% last month, missing expectations for a gain of 0.5%, while core durable goods orders (without volatile transportation items) dropped by 0.8% in the previous month, disappointing forecasts for a 0.6% gain. Thanks to these numbers, AUD/USD extended gains, invalidating a breakdown below an important support level. Is it enough to trigger further rally?

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Although the euro hit a fresh 11-year low against the greenback after anti-austerity Syriza party won the elections in Greece, EUR/USD rebounded in the following hours, invalidating very important breakdown. Is it enough to trigger a trend reversal?

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Earlier today, the USD Index climbed to a fresh 12-year high against other major currencies as yesterday’s the European Central Bank’s decision of a large scale stimulus program continued to support the greenback. How did this rally affect the picture of major currency pairs? Did it change their outlooks?

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Earlier today, the European Central Bank launched its large-scale buying of government bonds, a policy known as quantitative easing program. ECB will purchase €60 billion per month, starting in March and continuing until late 2016. Additionally, ECB kept its main lending rate unchanged at 0.05% and a separate rate on overnight bank deposits stored with the central bank at minus 0.2%, which means that banks will have to pay a fee to keep surplus funds at the ECB. In these circumstances, EUR/USD declined sharply, approaching the recent low. What’s next?

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