Earlier today, the Federal Reserve Bank of New York showed that its manufacturing index increased to 10.2 in November from a reading of 6.2 in the previous month. Additionally, a separate report showed that U.S. industrial production rose 0.2% last month. Thanks to these posivive numbers AUD/USD reversed and slipped to the key support line. Will it withstand another test?

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Earlier today, official data showed that U.S. retail sales rose 0.3% last month, beating expectations for a 0.2% gain, while core retail sales (without automobiles) increased by 0.3% in October. Additionally, the University of Michigan reported that its consumer sentiment index climbed to a more than seven-year high of 89.4 this month beating analysts‘expectations for a rise to 87.5. Thanks to these bullish numbers, the USD Index, which tracks the performance of the greenback against a basket of six major currencies, climbed to a four-and-a-half year high. How did this rally affect the short-term outlook of major currency pairs?

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Earlier today, the Labor Department reported that the initial jobless claims in the week ending November 8 increased by 12,000, missing analysts expectations for a 4,000 rise. Although these disappointing numbers pushed the greenback lower against major currencies, USD/JPY still remains in a consolidation. Is this a sign of strength?

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Earlier today, the Westpac Banking Corporation showed that Australia's consumer sentiment rose 1.9% in November, while another report said that Australian wage prices increased by 0.6% in the third quarter. Thanks to these solid numbers AUD/USD moved sharply higher, invalidating breakdown below the support/resistance line. Will this bullish signal trigger a rally in the coming days?

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Although data showed that the U.S. economy added less jobs in Oct than expected, the U.S. unemployment rate dropped to a fresh six-year low of 5.8%. Earlier today, investors digested that slack in the labor market is diminishing and the numbers weren't weak enough to hold back the Federal Reserve from hiking interest rates in 2015. As a result, the greenback rebounded, which triggered an upswing in the USD/CHF pair. Will we see a fresh 2014 high?

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