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USD Daily Review August 9, 2017

USD Daily Review for August 9, 2017

EUR/USD: US CPI Likely A Trigger For Further EUR/USD Tactical Correction This Week – Barclays

Barclays Capital FX Strategy Research argues that in the absence of important euro area data, a pickup in US inflation this week should provide a trigger for further EUR/USD lower correction following a solid NFP report last Friday.”On Friday, we expect July headline CPI to have increased 0.2% m/m and 1.8% y/y, with core CPI rising 0.2% m/m an



EUR/USD: Neutral (since 07 Aug 17, 1.1785): Immediate bias is for a probe lower towards 1.1680.We just shifted to a neutral stance yesterday and there is no change to the view. EUR has likely made a short-term top at 1.1909 last week and the current movement is viewed as the early stages of a correction/consolidation phase. That said, the immediate


Bullish EUR/USD Behavior Becomes Exhausted Ahead of January-2015 Gap

EUR/USD stands at risk for a near-term pullback as it appears to have made a failed attempt to fill-in the gap from January-2015 (1.2000 down


Post-NFP USD/JPY Range Vulnerable to Hawkish Fed Rhetoric

Fresh comments from Federal Reserve officials may spark increased volatility in USD/JPY as market participants mull the timing of the next rate-hike.


Dollar Dilemma: Kiwi, Cable in the Spotlight Ahead of RBNZ, China CPI

While this week’s calendar is rather light, price action across the USD-spectrum is showing some very interesting divergence. In this article, we look at three


The ‘Game of Thrones’ hackers are asking for millions of dollars worth of bitcoin

An anonymous group of hackers is demanding HBO fork over millions of dollars in bitcoin to keep them from leaking sensitive information about the hit show…


Gold settles in the red, weighed by dollar’s gain

Gold futures settled slightly lower Tuesday as the U.S. dollar firmed in late trade, helping to erase a slight advance for the dollar-sensitive metal.


USD/JPY and AUD/USD Forecast August 9, 2017

The US dollar fell significantly during the day on Tuesday, reaching much lower. However, we bounced enough to show signs of life, and it appears to me that …


EUR USD and GBP USD Forecast August 9 2017

The EUR/USD pair had a negative session during Tuesday trading, especially after the JOLTS announcement came out of the United States. With over 6 million jo…


EUR/USD: When & Where To Buy On A Washout In Positioning? – TD

TD FX Strategy Research remains structural EUR bulls and looks for a washout in positioning to offer better chances to get long the EUR/USD.”For now, the EUR is still tracking as the most expensive G10 currency on our HFFV estimates.Downside risks are likely to intensify ahead of Jackson Hole, where Draghi might pour a bit more cold water on t


NZD/USD Retreat Raises the Volatility Stakes on RBNZ Decision

The Bank of Canada’s decision to hike rates this past month has substantially altered the landscape for speculation surrounding global monetary policy.


Wobbly Australian Dollar Steady After Housing Data, China CPI

The Australian Dollar had been under pressure Wednesday but steadied after the release of local housing data and Chinese inflation numbers which just missed expectations.


Australian Dollar Slips With Westpac Consumer Confidence Index

The Australian Dollar was stymied Wednesday by news of much weaker consumer confidence for the current month from major domestic lender Westpac.


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