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USD Daily Review August 7, 2017

USD Daily Review for August 7, 2017

AUD/USD: Bullish Setup Intact Against A Weekly Close Below 0.7710/30 – NAB

NAB FX Strategy Research notes AUD/USD positive technical outlook in recent months remains intact and has shifted to a new level upon the July breakout close above key resistance levels.”Both price and momentum triggers are decisively positive at a MT/LT level.While weekly closes remain above 0.7710/30 we target a multi-week to multi-month upt


USD: July NFP: A Step In The Right Direction For Fed; Modestly USD Positive – CIBC

CIBC Research comments on today’s July US jobs report.”Payrolls kept rolling in July with another above 200k increase during the month. US non-farm payrolls advanced 209k, with no material revision to the healthy growth observed in June. Average hourly earnings growth also looked healthy, accelerating to 0.3% and leaving the annual rate st


Weekly Trading Forecast: US Dollar, Gold Price Reversal at Hand?

The US Dollar turned sharply higher as gold prices fell after July’s upbeat US jobs data. Is this the start of a reversal or just


Gold Prices Snap Three Week Winning Streak as Strong NFPs Fuel USD

Gold snapped a three week winning streak with price reversing sharply on strong US NFPs on Friday. Here are the updated targets & invalidation levels


NZD/USD Risks Near-Term Correction on RBNZ Verbal Intervention

NZD/USD may continue to pullback from the 2017-high (0.7558) should the Reserve Bank of New Zealand (RBNZ) toughen the verbal intervention on the local currency.


US Dollar May Extend Rebound as CPI Boosts Rate Hike Chances

The US Dollar may find fuel for a sustained recovery if CPI data points to firming inflation, boosting the probability of another Fed rate hike


Is There Enough Lift to Turn the Dollar Next Week?

Just as it seemed that the market was going to call it a week with a settling into tight congestion and VIX retreat below 10,


EURUSD – Sellers Finally Surface, Weekly Reversal Shifts Focus Lower

The impressive rally in the euro looks to have finally come to a point of exhaustion with key technical markers pointing to a period of


US Dollar Stabilizes after All-Around Solid July Nonfarm Payrolls Report

Not only have all the jobs lost during the Global Financial Crisis been regained, but the US unemployment rate is at a 16-year low.


Preview for July NFPs & Strategy Outlook for USD-pairs

Data today will either provoke another downdraft in the greenback, or could prove to be the stabilizing force the US Dollar desperately needs.


Why AUD/CAD May Offer Stronger Practical Trade Appeal than a EUR/USD

It is uncommon that a particular currency pair or asset finds trade opportunity that aligns technical, fundamental and conditional analysis techniques.


European Stocks Seen Lower As Dollar Struggles

European shares look set to open on a subdued note on Friday as investors await the all-important U.S. jobs report due later in the day for clues on the strength of the world’s largest economy and the odds of an additional rate hike this year.


Gold price ends day, week lower, as dollar surges on July jobs report

Gold futures settled firmly lower on Friday as the dollar jumped after a key report on payrolls in July showed stronger-than-expected job creation. De


Dollar gains after stronger-than-expected jobs report

The dollar on Friday gained against top rivals after the monthly U.S. jobs report topped expectations. The buck USDJPY, +0.58% bought 110.56 Japanese


EUR/USD and GBP/USD Forecast August 7, 2017

The EUR/USD pair fell significantly during the session on Friday, after the jobs number came out of America much stronger than anticipated. Because of this, …


USD/JPY and NZD/USD Forecast August 7, 2017

The US dollar exploded to the upside during the session on Friday as the jobs number came out much longer than anticipated. We were sitting at the 110 level,…


EUR/USD Technical Analysis: One-Month Euro Uptrend Broken

The Euro turned lower against the US Dollar after hitting the highest level since January 2015 as expected, with prices breaking the one-month rising trend.


Robust NFP numbers give dollar some shine back

The U.S. dollar rallied to its largest one-day gain against a its major rivals so far this year after a strong U.S. July non-farm payrolls report and remarks from National Economic Council director Gary Cohn about lowering the U.S. corporate tax rate.


EURUSD Short Following Weekly Exhaustion Pattern

The euro reversed off resistance least week, looking for test of trend support on weakness.


iPhone maker Foxconn plans another multibillion-dollar plant — this time in Michigan

Foxconn Technology Co. 2354, +4.48% the Taiwan-based maker of Apple Inc.’s AAPL, +0.53% iPhones, said it plans to open a multibillion-dollar plant in


Has the US dollar found a short term base – 7th August 2017

Michael looks at the prospects for the US dollar and whether we may have seen a short term base against a basket of currencies with a particular focus on the…


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