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USD Daily Review August 2, 2017

USD Daily Review for August 2, 2017

EUR/USD Rally Vulnerable Ahead of NFP- Pullback to Offer Opportunity

Price is testing near-term slope resistance with the immediate long-bias at risk below these levels. Here are the updated targets & invalidation levels that matter.

 

AUD/USD Risks Larger Pullback as RBA Ramps Up Verbal Intervention

AUD/USD stands at risk for a near-term correction as the Reserve Bank of Australia (RBA) toughens the verbal intervention on the local currency.

 

EUR/USD and GBP/USD Forecast August 2, 2017

The EUR/USD pair fell during the session on Tuesday, as we had gotten a bit of a head of ourselves. The market being overextended should have sellers jumping…

 

USD/JPY and NZD/USD Forecast August 2, 2017

The US dollar went back and forth against the Japanese yen just above the 110 level during the bulk of the trading session on Tuesday, telling me that the bu…

 

Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB

EUR/USD: Bullish (since 19 Jul 17, 1.1550): Odds for further extension would diminish unless there is clear break above 1.1845 soon.EUR traded in a relatively narrow range of 1.1784/1.1845 yesterday. The bullish phase that started 2 weeks ago is still intact but upward momentum is beginning to show signs of slowing. However, further extension to 1.

 

What if Dollar Reverses, NZ Jobs Out-Levers RBA on Rate Speculation

The tables have turned this past session with the high profile market movers of the past week (equities and the Dollar) relegated to consolidation while

 

NZ Dollar Drops as Soft Jobs Growth Reduces RBNZ Rate Hike Bets

The New Zealand Dollar depreciated against its major counterparts after soft employment growth reduced near-term RBNZ rate hike expectations.

 

Dollar nudges higher as traders consolidate positions

The dollar traded higher on the day as forex investors paired some gains and consolidated positions. It hovered not far from its lowest in more than a year against its major rivals as political turmoil was expected to continue weighing on the greenback following President Donald Trump’s ouster of White House communications chief Anthony Scaramucci on Monday.

 

US Dollar May Rise if ADP Data, Fed Comments Boost Rate Hike Bets

The US Dollar may rise if upbeat jobs data from ADP and optimistic comments from Federal Reserve officials push traders to upgrade bets on another

 

/Forex: Top FX Headlines: With USD/JPY at Support, EUR/JPY May Now Breakout: 8/2/17

– As US yields have stabilized, so too has USD/JPY; this has translated more into Yen weakness than Dollar strength. – Given EUR/USD strength, USD/JPY at sup…

 

Trading Outlook for USD, Euro, Cross-rates, Gold & More

In this webinar, we discussed at length the DXY, EURUSD, as well as looked at a few key cross-rates, gold/silver, and equity indices. @PaulRobinsonFX

 

Have a nice trading!




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