Earlier today, Australia's second quarter private new capex (capital expenditure) data showed a gain of 1.1%, beating expectations for a 0.3% quarter-on-quarter fall. Thanks to these bullish numbers, AUD/USD extended gains and broke above the nearest resistance levels. How much more room to rally does the exchange rate have?

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Earlier today, data showed that the Gfk German consumer climate index dropped to 8.6 this month, while analysts had expected the index to remain unchanged in August. This disappointing data pushed the common currency to a fresh 11-month lows against the U.S. dollar. Is the worst for EUR/USD behind us?

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Earlier today, the U.S. Commerce Department showed that total durable goods orders (with transportation items) rose by 22.6% last month, well above expectations for an increase of 7.5%. Despite this bullish data, core durable goods orders (without volatile transportation items) declined by 0.8% in July, missing forecasts for a 0.5% gain. As a result, the U.S. dollar moved lower against major currency pairs. Did this drop change the USD/CHF outlook?

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Earlier today, the U.S. Commerce Department reported that new home sales dropped by 2.4% to 412,000 units last month, missing expectations for an increase of 5.7%. Because of these disappointing numbers, USD/JPY declined and came back below the previously-broken resistance zone. Are there any other technical factors that could take the pair lower?

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Earlier today, the U.S. dollar moved slightly lower against major currencies as investors stay at the sidelines, eyeing a highly anticipated speech by Federal Reserve Chair Janet Yellen later in the day for further indications on the central bank's next policy moves.

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