Earlier today, the Office for National Statistics showed that industrial production rose 0.3% in June, missing forecasts for a 0.6% gain (industrial output rose 1.2% year-over-year, compared to expectations for an increase of 1.5%). Additionally, manufacturing production moved up 0.3% in the previous month, but also missed analytics’ forecast of 0.6% increase. These disappointing numbers pushed GBP/USD lower, which resulted in a move to the support zone. Will it stop further deterioration in the coming days?

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Earlier today, the Institute of Supply Management reported that its non-manufacturing PMI increased to a three-year high of 58.7 in July from a reading of 56.0 in June, beating analysts’ expectations of a 56.3 reading. Thanks to these numbers, the greenback hit a seven-month highs against the Swiss franc and approached an important resistance area. Will it stop the rally in the coming days?

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On Friday, the common currency rebounded sharply after disappointing U.S. employment data, which showed that the U.S. economy added 209,000 jobs in July, missing expectations for an increase of 233,000. As a result, EUR/USD erased over 20% of recent declines and came back above 1.3400. Will currency bulls manage to push the pair higher?

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Earlier today, the Conference Board showed that its index of consumer confidence increased to 90.9 in the previous month and it was the highest reading since October 2007. As a result, EUR/USD extended losses and dropped to its lowest level since November. Will currency bears push the pair below 1.3400?

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On Friday, the U.S. dollar increased to a one-month high against its Canadian counterpart after data showed that U.S. durable goods orders rose 0.7% last month (beating expectations for a 0.5% gain), while core durable goods orders (without transportation items) increased by 0.8% in the previous month, also beating expectations for a 0.6% gain. Thanks to these bullish numbers USD/CAD broke above an important medium-term resistance. Will currency bulls hold gained levels?

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