Earlier today, the euro moved lower against the greenback after the U.S. Department of Labor reported that non-farm payrolls rose by 288,000 in June, beating expectations for an increase of 212,000. Meanwhile, the unemployment rate dropped to 6.1% from 6.3% in May. Thanks to these better-than-expected numbers, EUR/USD declined sharply and dropped below the short-term support. What impact could it have on future moves?

• Read more

The common currency moved lower against the U.S. dollar after the ADP nonfarm payrolls report showed that the U.S private sector added 281,000 jobs last month, beating expectations for an increase of 200,000. As a result, EUR/USD invalidated yesterday’s breakout and declined to its initial downside target. Will we see further deterioration?

• Read more

The Reserve Bank of Australia left interest rates unchanged at a record low of 2.5%, which pushed the Australian dollar to a seven month high against its U.S. counterpart earlier today. Thanks to this news AUD/USD climbed temporarily above important resistances, but will currency bulls be strong enough to hold gained levels?

• Read more

Earlier today, the greenback moved lower against the common currency after industry data showed that the Chicago purchasing managers’ index declined to 62.6 in June from 65.5 in May, missing expectations for a 63.0 reading. Thanks to these numbers, EUR/USD increased sharply, breaking above its strong resistance zone. Are there any bearish technical factors that could stop today’s rally?

• Read more

Although the Thomson Reuters/University of Michigan consumer sentiment index increased to 82.5 in June from 81.2 in May (beating expectations for a 82.2 reading), the U.S. dollar moved lower against major currency pairs as market participants bet that the Federal Reserve will keep interest rates low until 2015. Because of these circumstances, EUR/USD reached its important resistance, while USD/CAD dropped below the long-term support line. What impact did these fundamental factors have on other currency pairs and their outlook?

• Read more