Earlier today, the Office of National Statistics showed that the annual rate of consumer inflation dropped to 0.5% in Dec (to its lowest level in 14 years), underlining expectations that the Bank of England will keep interest rates on hold later this year. As a result, GBP/USD moved lower, bouncing down the medium-term resistance line. Does it mean that we’ll lower values of the exchange rate in the coming week?

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Earlier today, the greenback climbed to a fresh five-year high against its Canadian counterpart as disappointing Friday’s data, which showed that the number of employed people in Canada declined by 4,300 last month (missing expectations for a 15,000 rise) continued to weigh. In this way, USD/CAD approached the short-term resistance. Will it stop currency bulls’ charge in the coming days?

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Earlier today, the Labor Department reported that the U.S. economy added 252,000 jobs in December, beating expectations for an increase of 240,000. The report also showed that the U.S. unemployment rate dropped to 5.6% last month from 5.8% in November. These upbeat data supported the USD Index, which still remains above the 2005 high. How did these numbers affect the picture of major currency pairs?

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Earlier today, the Australian Bureau of Statistics reported that building approvals increased by 7.5% in November, beating expectations for a 3.5% decline. Thanks to these bullish numbers, AUD/USD bounced off yesterday’s low and climbed above its major resistance line once again. Will we see further rally?

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Earlier today, the ADP report showed that non-farm private employment rose by 241,000 in December, beating expectation for an increase of 226,000. Additionally, data showed that the U.S. trade deficit narrowed to $39.00 billion in November from $42.25 billion in October, also beating analysts’ expectations. These bullish numbers added to expectations that the Federal Reserve will raise interest rates in the coming year, which pushed EUR/USD and AUD/USD below 2010 lows. How low could they go?

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