Earlier today, the euro declined sharply from almost two-week high against the U.S. dollar after preliminary data showed that German consumer prices fell 0.2% this month, and increased 1.3% on a year-over-year basis (while analysts had expected a monthly decline of 0.1% and an annual increase of 1.4%). Did this weakness change anything in the short-term outlook?

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Earlier today, the U.S. dollar moved higher against major currencies after data showed that U.S. pending home sales rose for the first time in nine months in March. The currency exchange rates that together create the USD Index contributed in different ways. One of them even currently provides a trading opportunity in our view. Which one? Let’s take a closer look.

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Earlier today, the British pound moved higher against the U.S. dollar after data showed that U.K. retail sales rose 0.1% in March, beating expectations for a 0.4% drop. Despite these encouraging numbers, GBP/USD is still trading between the medium-term support and the 2014 high. Are there any technical factors that could drive the exchange rate higher or lower in the near future?

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Earlier today, U.S. dollar increased against major currencies after the Commerce Department showed that U.S. orders for long lasting manufactured goods rose 2.6% in March, beating expectations for a 2% gain. Additionally, core durable goods orders (without volatile transportation items) increased 2% in the previous month, well above forecasts for a 0.6% gain. Because of these better-than-expected numbers, AUD/USD broke below important support lines. Does this drop change the outlook for the exchange rate?

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Earlier today, the common currency moved higher against the U.S. dollar after data showed that the euro zone manufacturing PMI rose to 53.3 in April from 53.0 in the previous month (while analysts had expected an unchanged reading). Later in the day, the Commerce Department showed that sales on new homes dropped 14.5%, which supported the euro as well. Whether these positive numbers are in line with the technical picture of EUR/USD?

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