DailyFX - Daily Briefings

Daily Briefings
  1. Australian Dollar Soars as RBA Drops Call for Depreciation
    The Australian Dollar soared following the RBA monetary policy announcement as the central bank dropped its call for further depreciation.
  2. Oil Consolidates After Brent Collapse to Six-Month Low
    Brent oil fell to a six-month low below $50 in anticipation of Iranian output, as nuclear deal won support from the Gulf Arab allies.
  3. AUD/USD Range Vulnerable to Dovish RBA, Toughened Verbal Intervention
    The Reserve Bank of Australia (RBA) rate decision may dampen the appeal of the aussie should the central bank adopt a more dovish outlook for monetary policy.
  4. Dollar Demand Strong at Start of Critical Economic Data Week
    The start of the month has brought a wave of fresh US Dollar buyers.
  5. Oil at Five-month Low as Iran Positions for Post-sanction Exports
    Oil staged big loss as reports of projected Iranian oil heightened an existing supply glut. Both WTI and Brent oil are at their multi-month lows
  6. Pound Response to PMI Data Likely Limited as BOE Looms Ahead
    The British Pound may not see a lasting response to July’s manufacturing PMI report as traders withhold directional conviction ahead of this week’s BOE rate decision.
  7. Breakout on Tap Next Week? USDOLLAR Index Eyes Flag Top
    End of month rebalancing flows may curb the greenback's attempt to run much higher before the weekend.
  8. US Dollar May Rise on Rate Hike Bets, Euro to Look Past CPI Data
    The US Dollar may rise if signs of rising employment costs boost Federal Reserve interest rate speculation while the Euro is likely to look past July CPI data.
  9. Euro-Zone CPI to Spark EUR/USD Rebound on Sticky Inflation
    The Euro-Zones CPI report may trigger a relief bounce in EUR/USD should sticky price growth dampen bets of seeing the ECB further embark on its easing cycle.
  10. Commodities Reverses Gains as Dollar Firms after Fed and GDP Data
    A faster second quarter growth in the U.S. supported expectations for an interest rate rise, which boosted the dollar and led to declines in commodities. Gold lost its appeal while rate hike looms.
  11. USDOLLAR Index Consolidates in Bull Flag Post-FOMC
    Yesterday's FOMC turned out largely as expected, meaning today's US economic data will carry a bit more weight.
  12. EUR/USD to Eye July Low on Strong 2Q U.S. GDP Report
    A marked rebound in U.S. GDP may push EUR/USD to give back the rebound from earlier this month as it boosts bets for a Fed rate hike in 2015.
  13. US Dollar May Rise as 2Q GDP Data Boosts Fed Rate Speculation
    The US Dollar may rise as an upbeat second-quarter GDP report reinforces yesterday’s hawkish shift in FOMC rhetoric and fuels on-coming rate hike speculation.
  14. Oil Climbs on Surprise Drop in U.S. Inventories
    Oil advanced after EIA reported a drop in U.S. stockpiles as opposed to an expected increase. The Federal Reserve statement prompted a moderate US dollar gain.
  15. EUR/USD July Rebound at Risk on Hawkish FOMC
    EUR/USD may continue to give back the rebound from earlier this month should the Federal Open Market Committee (FOMC) show a greater willingness to normalize policy.
  16. Preview for FOMC Meeting and Trade Setups for USD-pairs
    Will the Fed provide US Dollar bulls a reason to start the next leg up?
  17. Copper Jumps On Supply Disruption and Chinese Market Recovery
    Copper jumped on a second day, prompted by a combination of supply disruption and Chinese stock market recovery. Commodity prices also lifted with US dollar in a third day of losses.
  18. US Dollar Likely to Rise After FOMC Policy Announcement
    The US Dollar is likely to rise after the FOMC policy announcement, with outsized volatility to follow if Yellen and company deliver a surprise rate hike.
  19. NZDUSD Breakout or Fake-Out? Key Levels to Know Ahead of FOMC, US GDP
    Kiwi is attempting a break above a multi-month formation with our near-term bias higher in the pair. Here are the updated targets & invalidation levels that matter.
  20. GBP Gains from GDP Report, BoE Rate Hopes - USD to Follow on FOMC?
    The two currencies whose central banks are closest to raising rates are in the midst of an important few days.

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