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USD Daily Review August 4, 2017

USD Daily Review for August 4, 2017

Weak! The U.S. dollar has plunged on Trump’s watch

President Trump regularly points to the incredibly-strong stock market as proof that his economic policies are working. But what about the dramatically-weaker U.S. dollar?

 

USD: Follow The Momentum For Now Before Turning Contrarian & Long – BofAML

Bank of America Merrill Lynch FX Strategy Research notes that despite the weakness of the USD this year, the currency remains overvalued by about 10 percent compared with its long-term equilibrium and about 12 percent above its 20-year average in real effective terms.”The market is short the USD, but this position is not stretched, with the ex

 

USD/CAD Price Action Primed for NFP, Canada Employment

Price reversed off key support last week with the advance eyeing initial targets ahead of major event risk. Here are the updated targets & invalidation

 

GBP/USD Technical Analysis: BoE Brings on Fibonacci Support Test

The British Pound came into Super Thursday with strength; but another dovish BoE meeting introduced another touch of weakness to bring Cable down to a

 

USD/JPY Opening Range Intact; NFP Report to Reveal Subdued Wages

USD/JPY stands at risk for further losses as the U.S. Non-Farm Payrolls (NFP) report is expected to reveal a slowdown in household earnings.

 

King Dollar testing triple support with few bulls!

King Dollar over the past 30-weeks has experienced a sizable decline, that hasn’t a ton of times over the past 25-years, see below- CLICK ON CHART TO ENLAR

 

Webinar: Central Bank Weekly: BOE Signals Turn in GBP/JPY, GBP/USD: 8/3/17

DailyFX Senior Currency Strategist Christopher Vecchio discusses the major central banks’ monetary policies and their implications for FX markets over the ne…

 

EUR/USD and GBP/USD Forecast August 4, 2017

The EUR/USD went back and forth during the course of the session on Thursday, as we have gotten a bit ahead of ourselves. We have the jobs number coming out …

 

USD/JPY and AUD/USD Forecast August 4, 2017

The US dollar fell during the day on Thursday, testing the 110 handle. The level looks to be very supportive, and I think that the market is simply taking a …

 

US Dollar Eyes Jobs Data, May Struggle Absent Wage Growth Pickup

The US Dollar may rise if payrolls data tops market forecasts but lasting upside follow-through seems unlikely unless without a pickup in wage inflation.

 

Video: Will NFPs Do to Dollar Volatility What BoE Did for Pound?

The market continues to power down with volatility flagging despite benchmarks like the S&P 500 and the Dollar standing at extreme of their respective trends

 




Trading Outlook, NFPs, USD, EUR & GBP Crosses, Gold & More

In this webinar, we did a quick preview of today’s jobs report and then looked at the broader outlook for the US dollar, eur &

 

AUD/USD Technical Analysis: A Top in Place Below 0.81?

The Australian Dollar may be preparing to turn lower as expected as prices edge below near-term range support having signaled ebbing upside momentum.

 

Mixed U.S. NFP Report to Bolster Bullish EUR/USD Behavior

The U.S. Non-Farm Payrolls (NFP) report may bolster the bullish behavior in EUR/USD as household earnings are expected to slow in July.

 

Trading Outlook: NFPs, USD, EUR & GBP Crosses, Gold & More

In this webinar, we did a quick preview of today’s U.S. jobs report and then looked at the broader outlook for the US dollar, EUR & GBP cross-rates, as well …

 

Have a nice trading!




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