Earlier today, the common currency moved lower after the Ifo Institute for Economic Research showed that its German business climate index fell to a nine-month low of 108.0 this month, while analysts had expected a drop to 109.4 in July. Later in the day, the euro extended losses against the greenback 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. Because of these circumstances, EUR/USD dropped to its lowest level since November. What impact did these bullish numbers have on other currency pairs? Did they change their short-term outlook?

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Earlier today, the Office for National Statistics reported that retail sales rose just 0.1% in June from a month earlier, missing expectations for a 0.3% gain. Additionally, on a year-over-year basis, retail sales rose 3.6% in the previous month, also below expectations for a 3.9% increase. Thanks to these disappointing numbers, GBP/USD declined a 1-month low against the U.S. dollar and broke below an important support line. Will this event trigger further deterioration?

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Earlier today, official data showed that consumer price inflation in Australia rose 0.5% in the second quarter, beating analysts’ expectations of 0.6% increase. Additionally, on a yearly basis, Australia CPI rose to 3.0% in the last quarter, compared to expectations for an increase to 3.1%. These lower than expected numbers pushed the Australian dollar to one-and-a-half week high against its U.S. counterpart. As a result, AUD/USD broke above its key resistance line. Is this event as bullish as it seems at the first sight?

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Earlier today, official data showed that the annual rate of U.S. inflation was at 1.2% in the previous month, while core inflation (without food and energy costs) increased by just 0.1% month-on-month and U.S. consumer prices were up 0.3%. On top of that, U.S. existing home sales increased 2.6%, while analysts had expected an increase of 2%. Thanks to these bullish numbers, the common currency declined against the U.S dollar to a 8-month low. What are the implications of this event?

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The U.S. dollar moved higher against the British pound after reports that Ukrainian troops were moving in to the rebel held city of Donetsk, which weighed on market sentiment and fueled concerns over an escalation in the region. As a result GBP/USD declined to the lower border of the consolidation. Is it the last stop before further deterioration?

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