Earlier today, the Department of Labor reported that the U.S. economy added 142,000 jobs in August, missing expectations for a 225,000 increase. Additionally, the report showed that the U.S. unemployment rate ticked down to 6.1% last month, from 6.2%, but in line with expectations. These disappointing numbers dampened demand for the greenback. What impact did it have on major currency pairs? Did it change their short-term outlook?

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Earlier today, the European Central Bank cut interest rates to a record-low 0.05% from 0.15%, surprising most market participants. As a result, EUR/USD dropped to a 14-month low, declining below the strong support zone. Are there any important levels that could stop currency bears’ charge?

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Earlier today, the common currency rebounded slightly after reports that Ukraine had reached an agreement on a ceasefire with Russia. Nevertheless, the most important event, which would drive the EUR/USD pair higher or lower will be tomorrow European Central Bank monthly meeting. Before we know whether the ECB will announce quantitative easing measures or not, let’s check the technical picture of the exchange rate.

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Earlier today, the Institute for Supply Management reported that its manufacturing purchasing managers’ index increased to 59.0 in August, beating expectations of a drop to 56.8. As a result, U.S dollar climbed to an eight-month high against the yen. Will USD/JPY test the strength of Nov high?

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Earlier today, the Thomson Reuters/University of Michigan revised consumer sentiment index came in at 82.5 this month, beating expectations for a reading of 80.1. Additionally, the Chicago-area PMI rose to 64.3 in August from 52.6 in July, also beating expectations for an increase to 56.0. Thanks to these bullish numbers USD/CHF came back to around the recent high, while EUR/USD hit a fresh multi-month low. What impact did the data have on other currency pairs? Did it change their short-term outlook?

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