EUR/USD was last up 0.33% at 1.1277.

Investors were set to scrutinize the minutes of the Fed’s September meeting for any clues on whether it will hike rates before the years end or wait until 2016.

The dollar has come under pressure since last Friday’s weaker than expected U.S. jobs report prompted investors to push back expectations on the timing of an initial rate hike to next year.

Earlier Thursday data showed that the number of people filing first time claims for jobless benefits in the U.S. last week fell to the lowest level in almost 42 years, indicating that the labor markets is continuing to tighten despite the slowdown in job creation.

The Labor Department said the number of initial jobless claims in the week ending October 3 fell by 13,000 to 263,000 from the previous week’s downwardly revised total of 276,000.

In the euro zone, data on Thursday showed that German exports fell by a larger than forecast 5.2% in August from a month earlier, while imports were down 3.1%, pointing to weakening domestic demand.

The slump in exports added to fears that slowing growth in China is hitting overseas demand for German products, further clouding the outlook for the euro area’s largest economy.

Thursday’s minutes of the European Central Bank’s September meeting showed concerns over emerging economies, noting that challenges facing emerging market economies were clouding the global outlook and were unlikely to recede quickly.

The dollar edged lower against the yen, with USD/JPY easing 0.11% to 119.89, but was slightly higher against sterling, with GBP/USD sliding 0.19% to 1.5290.

The pound turned lower after the Bank of England left monetary policy on hold earlier Thursday and said it now believes inflation will rise more slowly than it expected two months ago.

The greenback was lower against the Swiss franc, with USD/CHF down 0.69% to 0.9669.

The commodity linked currencies were little changed, with USD/CAD at 1.3041. AUD/USD was at 0.7204 and NZD/USD was at 0.6616.

The US dollar index, which tracks the greenback against a basket of six major rivals, was down 0.2% at 95.45.

Daily Technical Levels

Currency Strength & Weaknesses

Overall there is strength in the NZD, GBP, AUD and JPY.
Overall there is weakness in the CHF, CAD, USD and EUR.

Economic Calendar 09/10/15 GMT+2

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis.

The dollar was lower against the yen, with USD/JPY down 0.10% at 120.33.

The dollar remained under pressure as weak U.S. jobs data on Friday underlined fears that a slowdown in global economic growth has spread to the U.S. economy and prompted investors to push back expectations on the timing of an initial rate hike by the Federal Reserve to early 2016.

Official data released on Tuesday showed that the U.S. trade deficit widened to $48.33 billion in August from $41.81 billion in July, whose figure was revised from a previously estimated deficit of $41.90 billion.

Analysts had expected the trade deficit to widen to $47.40 billion in August.

The dollar was also lower against the euro, with EUR/USD gaining 0.53% to 1.1247.

Markets shrugged off official data earlier showing that German factory orders declined by 1.8% in August, confounding expectations for a 0.5% gain. Factory orders dropped 2.2% in July, whose figure was revised from a previously estimated 1.4% fall.

Elsewhere, the dollar pushed lower against the pound and the Swiss franc, with GBP/USD up 0.40% at 1.5206 and with USD/CHF sliding 0.51% to 0.9705.

The Halifax Bank of Scotland reported on Tuesday that its house price index fell 0.9% last month, compared to expectations for a 0.1% uptick, after an increase of 2.7% in August.

The Australian and New Zealand dollars were stronger, with AUD/USD climbing 0.65% to 0.7129 and with NZD/USD rising 0.24% to 0.6503.

In a widely expected move, the Reserve Bank of Australia left its benchmark interest rate unchanged at 2.00% and added that any changes in monetary policy will be determined by “further information on economic and financial conditions to be received over the period ahead”.

The central bank also said that “the available information suggests that moderate expansion in the economy continues”.

Separately, official data showed that Australia’s trade deficit widened to A$3.095 billion in August from a revised A$2.792 billion in July. Analysts had expected the trade deficit to narrow to A$2.550 billion in August.

At the same time, data showed that New Zealand’s NZIER business confidence index fell to a four-year low of minus 14 in the third quarter from a reading of 5 in the three months to June.

Meanwhile, USD/CAD was little changed at 1.3071 after data showed that Canada’s trade deficit widened to C$2.53 billion in August from C$0.82 billion in July, whose figure was revised from a previously estimated deficit of C$0.59 billion.

Analysts had expected the trade deficit to widen to C$1.20 billion in August.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.49% at 96.76.

Daily Technical Levels

Currency Strength & Weaknesses

Overall there is strength in the EUR,GBP,CAD and NZD.
Overall there is weakness in the USD and JPY

Economic Calendar 07/10/15 GMT+2

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis.

Payroll processing firm ADP said U.S. non-farm private employment rose by 200,000 this month, above expectations for an increase of 194,000. The economy created 186,000 jobs in August, whose figure was downwardly revised from a previously reported increase of 190,000.

Separately, market research group Kingsbury International said its Chicago purchasing managers’ index tumbled by 5.7 points to 48.7 this month from a reading of 54.4 in August. Analysts had expected the index to fall 1.4 points to 53.0 in September.

Investors awaited comments by Fed Chair Janet Yellen that cleared the uncertainty over whether the Fed will raise short term interest rates this year.

The dollar was also higher against the euro, with EUR/USD dropping 0.66% to 1.1174.

The single currency came under pressure after Eurostat, the statistical body of the European Union, reported that the annual rate of inflation in the single currency bloc fell by 0.1% this month, compared to forecasts for a flat reading.

It was the first time in six months that the region saw declining inflation.

Another report showed that the euro zone unemployment rate remained unchanged at 11.0% in August.

Elsewhere, the dollar was steady against the pound, with GBP/USD at 1.5154, and was higher against the Swiss franc, with USD/CHF gaining 0.40% to 0.9758.

Sterling found support after data showed that U.K. gross domestic product expanded at a rate of 0.7% in the three months to June, meeting forecasts and unchanged from a preliminary estimate.

Year-over-year, U.K. economic growth expanded by 2.4% in the second quarter, down from an initial estimate of 2.6%.

The Australian and New Zealand dollars remained stronger, with AUD/USD up 0.59% to 0.7028 and with NZD/USD advancing 0.71% to 0.6392.

Meanwhile, USD/CAD slid 0.27% to trade at 1.3386 after Statistics Canada reported that the country’s GDP rose 0.3% in July, beating expectations for an increase of 0.2%.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.42% at 96.47.

Daily Technical Levels

Currency Strength & Weaknesses

Overall there is minor is strength in the CHF, NZD and JPY.
Overall there is minor weakness in the CAD, GBP and AUD.

Economic Calendar 01/10/15 GMT+2

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis.

EUR/USD was steady at 1.1200, off lows of 1.1147 hit earlier in the session.

The U.S. National Association of Realtors said that pending home sales dropped 1.4% in August, confounding expectations for a 0.4% uptick after a 0.5% rise the previous month.

Earlier Monday, the U.S. Bureau of Economic Analysis reported that personal spending rose 0.4% in August, beating expectations for an increase of 0.3%. Personal spending rose 0.4% in July, whose figure was revised from a previously estimated 0.3% gain.

The report also showed that personal income increased by 0.3% last month, compared to expectations for a 0.4% gain. Personal income rose 0.5% in July, whose figure was revised from a previously estimated 0.4% increase.

Meanwhile, New York Federal Reserve Bank President William Dudley said the Fed remains on track for a rate hike this year and could move as soon as the upcoming meeting in October.

The comments came after Fed Chair Janet Yellen said last Thursday that the U.S. central bank was likely to raise interest rates in 2015.

The dollar was lower against the yen, with USD/JPY down 0.54% at 119.85.

Demand for the safe-haven yen strengthened after International Monetary Fund head Christine Lagarde said in an interview on Monday that the IMF is likely to revise downwards its estimates for global economic growth due to slower expansion in emerging economies.

Elsewhere, the dollar was lower against the pound and the Swiss franc, with GBP/USD adding 0.11% to 1.5196, and with USD/CHF shedding 0.28% at 0.9753.

The Australian and New Zealand dollar remained weaker, with AUD/USD down 0.30% at 0.7005 and with NZD/USD retreating 0.67% to 0.6342.

Meanwhile, USD/CAD was little changed at 1.3339, still close to last week’s six-year peak of 1.3417.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.09% at 96.29, after reaching highs of 96.67 earlier in the day.

Daily Technical Levels

Currency Strength & Weaknesses

Overall there is minor strength in the EUR and JPY.
Ovreall there is minor weakness in the GBP, NZD, USD, CHF and CAD.

Economic Calendar 29/09/15 GMT+2

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis.

The greenback received an additional boost after data on Friday showed that the U.S. economy grew at a faster rate than previously estimated in the three months to June. The Commerce Department said gross domestic product expanded at an annual rate of 3.9% in the second quarter, up from an initial estimate of 3.7%. Consumer spending, which comprises more than two-thirds of U.S. economic activity was revised up to 3.6% from the 3.1% reported in August.

EUR/USD was at 1.1194 in late trade, off 0.33% for the day.

The yen and the Swiss franc were also lower against the greenback, with USD/JPY advancing 0.36% to 120.48 and USD/CHF up 0.3% to 0.9780.

Sterling was also weaker, with GBP/USD sliding 0.4% to 1.5178 in late trade.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last up 0.27% at 96.37.

In the week ahead, investors will be looking ahead to Friday’s jobs report for September. A strong reading would bolster expectations for a Fed lift-off before the end of the year.

Market participants will also be watching Wednesday’s euro zone inflation report amid concerns that the ECB could ramp up its monetary stimulus program.

Daily Technical Levels

Currency Strength & Weaknesses

Overall there is minor strength in the USD, JPY and CHF.
Overall there is minor weakness in the GBP, CAD and EUR.

Economic Calendar 28/09/15 GMT+2

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis.

The dollar was lower against the yen, with USD/JPY down 0.67% at 119.47.

The U.S. Department of Labor reported that the number of individuals filing for initial jobless benefits in the week ending September 19 increased by 3,000 to 267,000 from the previous week’s total of 264,000, compared to expectations for a 7,000 rise.

Separately, the U.S. Commerce Department said that total durable goods orders decreased by 2.0% last month, matching forecasts. Orders for durable goods in July were revised to a gain of 1.9% from a previously reported increase of 2.2%.

Core durable goods orders, which exclude volatile transportation items, were flat in September, compared to expectations for an increase of 0.1%. Core durable goods orders rose 0.4% in July.

Data also showed that U.S. new home sales increased by 5.9% to 552.000 units in August from revised total of 522.000 units the previous month. Analysts had expected new home sales to rise by 1.6% in August.

Investors were looking ahead to a speech by Fed Chair Janet Yellen later in Thursday for additional clarity on the bank’s decision last week to leave interest rates on hold.

EUR/USD climbed 0.70% to 1.1263.

The German research institute Ifo earlier reported that its business climate index ticked up to 108.5 this month from August’s 108.4. It was the highest reading in four months and was ahead of forecasts of 108.0.

The single currency also remained supported after European Central Bank President Mario Draghi said on Wednesday that it was too early decide whether or not to add stimulus measures.

Elsewhere, the dollar was steady against the pound, with GBP/USD at 1.5255 but lower against the Swiss franc, with USD/CHF declining 0.90% to 0.9710.

The Australian dollar remained lower, with AUD/USD slipping 0.14% to 0.6991, while NZD/USD jumped 0.95% to 0.6338.

USD/CAD rose 0.24% to trade at 1.3353.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.58% at 95.84, off one-month highs of 96.65 reached on Wednesday.

Daily Technical Levels

Currency Strength & Weaknesses

Overall there is strength in the EUR, USD and JPY.
Overall there is weakness in the AUD, GBP and CHF.

Economic Calendar 25/09/15 GMT+2

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis.

EUR/USD eased off 1.1105, the pair’s lowest since September 4, to hit 1.1175 during U.S. morning trade, gaining 0.44%. The pair was likely to find support at 1.1086, the low of September 3 and resistance at 1.1209, Tuesday’s high.

Earlier Wednesday, research group Markit reported that Germany’s manufacturing purchasing managers’ index fell to 52.5 in September from 53.3 the previous month, while the services PMI ticked down to 54.3 from 54.9.

France’s manufacturing PMI ticked up to 50.4 this month from 48.3 in August, while the services PMI rose to 51.2 from 50.6.

For the entire euro zone, the composite PMI, which includes both manufacturing activity and services, slipped to 53.9 in September, Markit reported, from a reading of 54.3 in August.

Meanwhile, the dollar remained supported after comments by some Federal Reserve officials Monday night indicated that a U.S. rate hike is still on the cards this year.

Elsewhere, the U.S. dollar rose against its Canadian counterpart on Wednesday, after the release of tepid retail sales data from Canada and as expectations for a U.S. rate hike in the near future continued to support the greenback.

The pair was likely to find support at 1.3171, the low of September 21 and resistance at 1.3310, the high of September 11.

Statistics Canada reported that retail sales rose 0.5% in July, in line with expectations. Core retail sales, which exclude automobiles, were flat in July, compared to expectations for a 0.4% gain. Core retail sales increased by 0.5% in June, whose figure was revised from a previously estimated 0.8% advance.

U.S. crude oil inventories fell more-than-expected last month, official data showed on Wednesday. In a report, Energy Information Administration said that U.S. Crude Oil Inventories fell to a seasonally adjusted annual rate of -1.925M, from -2.104M in the preceding month.

Daily Technical Levels

Currency Strength & Weaknesses

Overall there is strength in the JPY and USD.
Overall there is weakness in the GBP, EUR and AUD.

Economic Calendar 24/09/15 GMT+2

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis.

EUR/USD fell sharply on Tuesday posting its fourth straight losing session, ahead of appearances by Mario Draghi and Janet Yellen this week, which could provide further indications of a divergence in monetary policy between two of the world’s largest central banks. EUR/USD edged down to the low’s of 1.1126 late in the session after rising to 1.11207 earlier in the session.

Investors await a highly-anticipated appearance by European Central Bank president Mario Draghi today before the European Parliament’s Committee on Economic and Monetary Affair for hints on whether the ECB could extend its comprehensive EUR 1.1 trillion quantitative easing program. It will come days after ECB Chief Economist Peter Praet suggested that persistent weaknesses in the global economy could prompt the central bank to introduce further stimulus measures to boost economic activity throughout the euro zone. Yellen, meanwhile, will make her first public appearance since the Fed opted to hold short-term interest rates at its current near-zero level last week, when she delivers a speech at the University of Massachusetts at Amherst.

The Australian dollar finished the day lower, with AUD/USD retracing 0.48% to 0.70949, while NZD/USD slid to 0.6273. Data earlier showed that quarterly HPI in Australia increased by 2.2% after a 0.6% slip last quarter.

Meanwhile, USD/CAD rose to 1.32998 reaching last week’s highs.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, surged more than 0.6% to an intraday high of 96.58, its highest level in nearly two weeks.

Daily Technical Levels

Currency Strength & Weaknesses

Overall there is strength in the USD and GBP.
Overall there is weakness in the NZD, EUR.

Economic Calendar 23/09/15 GMT+2

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.3% to 95.65, recovering from Friday’s three-week lows of 94.19.

The dollar strengthened and European equities moved higher despite a shaky start to Monday’s session and oil prices also climbed. But investors remained cautious after the Fed held interest rates steady on Thursday, amid concerns over soft inflation and the effects of recent market volatility on the U.S. economy. While the decision was not completely unexpected the Fed’s concerns over the uncertain outlook for global growth rattled financial markets and pressured the dollar lower.

Investors were looking ahead to Chinese manufacturing data on Wednesday, as well as surveys of the euro zone private sector for fresh indications on the condition of the global economy.

Elsewhere, the euro’s gains were held in check after European Central Bank Chief Economist Peter Praet reiterated Saturday that the bank is prepared to enlarge its monetary stimulus program if necessary to combat risks from global economic turbulence.

Earlier this month the ECB cut its forecasts for growth and inflation and indicated that its trillion-euro bond-buying program could be scaled up.

Daily Technical Levels

Currency Strength & Weaknesses

Overall there is minor strength in the NZD, JPY and USD.
Overall there is weakness in the EUR and CHF with minor weakness in the CAD and GBP.

Economic Calendar 22/09/15 GMT+2

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis.

EUR/USD edged down 0.17% to 1.1414, after rising to four-week highs of 1.1460 earlier in the session.

The dollar weakened broadly after the Fed kept interest rates unchanged on Thursday, but losses were limited as the central bank left open the possibility of a rate hike later this year.

Speaking after the rate statement, Fed Chair Janet Yellen said global economic developments played a major part in the central bank’s decision.

In deciding when to raise interest rates, the Fed repeated it wanted to see “some further improvement in the labor market” and be “reasonably confident” that inflation will increase.

The dollar was lower against the yen, with USD/JPY down 0.51% at 119.40.

Earlier Friday, the minutes of the Bank of Japan’s August policy meeting revealed that the central bank must be vigilant to the risk of a decline in exports from a prolonged slowdown in China and other emerging economies.

Board members also said that the weakness in Japan’s output and exports was temporary.

Elsewhere, the dollar was lower against the pound and the Swiss franc, with GBP/USD up 0.36% at 1.5646 and with USD/CHF sliding 0.41% to 0.9559.

The Australian and New Zealand dollars were stronger, with AUD/USD up 1.28% at 0.7267 and with NZD/USD rallying 1.60% to 0.6448.

Meanwhile, USD/CAD plummeted 1.21% to trade at 1.3020.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.20% at 94.23, the lowest level since August 26.

Daily Technical Levels

Currency Strength & Weaknesses

Overall there is strength in the EUR, CHF and GBP.
Overall there is weakness in the AUD, USD, CAD and NZD.

Economic Calendar 21/09/15 GMT+2

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis.