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DailyFX - Daily Briefings

Daily Briefings
  1. EUR/USD to Eye 1.3300 on Strong Non-Farm Payrolls (NFP) Report
    The Non-Farm Payrolls (NFP) report may generate fresh 2014 lows for the EUR/USD should the data print boost interest rate expectations for the U.S.
  2. US Dollar May Correct Lower from 4-Month High on July Jobs Data
    The US Dollar may correct lower after soaring to a four-month high as an underwhelming US jobs report casts doubt on Fed interest rate hike prospects.
  3. Dollar Close to Full Blown Run on Risk, Rate Shift
    Though there are a number of calendar items ahead, dollar traders and speculators amongst all asset classes will be focusing on the combination of the July labor figures and June PCE inflation data.
  4. USDOLLAR Vulnerable Heading Into NFPs- August Setups in Focus
    The USD rally is at risk ahead of tomorrow’s jobs report with setups in EURAUD & AUDNZD poised for the August open. Here are the updated targets & invalidation levels.
  5. USD/JPY Fueling Broader USD Breakout; EUR/USD Weak Under 1.3400
    Today can be viewed as an 'eye of the storm' type day, considering that there's no major US event risk: yesterday saw ADP, GDP, FOMC; tomorrow sees NFPs, PCE, ISM.
  6. Crude Oil And Gold Regain Footing Ahead of Round 2 For US Event Risk
    Crude oil and gold could be afforded some breathing room in the session ahead as traders await guidance from a second round of top-tier US data on Friday.
  7. Euro May Bounce from 9-Month Low if CPI Data Tops Forecasts
    The Euro may correct higher after hitting a nine-month low against the US Dollar if July’s inflation data tops economists’ expectations.
  8. Dollar Rallies, But What Was the Source of Strength?
    In a storm of fundamentals, the dollar did not escape a swell of volatility this past session. However, the currency’s remarkable rally didn’t exactly fit the expected interpretation of the event risk.
  9. FOMC Forward-Guidance in Focus; EUR/USD Vulnerable to Less-Dovish Fed
    The EUR/USD may face additional losses over the next 24-hours of trade should the Federal Open Market Committee (FOMC) drop its dovish tone for monetary policy.
  10. USDOLLAR in Breakout Territory amid ADP, GDP, FOMC
    This week we've already discussed the implications of falling US Treasury yields on the US Dollar. Instead, the US Dollar is starting to gather momentum in the short-term amid a flurry of key event risk the next few days.
  11. Gold And Crude Oil Prep For Volatility On ADP, GDP, FOMC Trifecta
    Crude oil and gold are set for a potentially volatile session with a string of noteworthy events on the horizon out of the US.
  12. EUR/USD to Face Further Losses on Strong U.S. 2Q GDP
    Strong U.S. 2Q GDP print may spur fresh yearly lows in the EUR/USD as it puts increased pressure on the FOMC to normalize monetary policy.
  13. Dollar Positioned for a Breakout but Will GDP and the Fed Provide?
    It’s an appropriate place to be, heading into such a significant round of event risk. The Dow Jones FXCM Dollar Index (ticker = USDollar) stands just below 10,500 which technical traders will recognize as a meaningful cap on bullish progress from all the way back to last July’s multi-year peak.
  14. US Dollar: 2Q US GDP Data May Outshine FOMC in Driving Volatility
    The US Dollar may find second-quarter GDP data to be a greater driver of price volatility than the FOMC monetary policy announcement.
  15. EUR/USD Bearish Sub-1.3475; EUR/GBP, EUR/JPY May Have Other Ideas
    The Euro is showing signs of life, just not against the US Dollar. In fact, with so much US event risk the next few days, EUR-biases may be best expressed elsewhere.
  16. Dollar Pair’s Extreme Quiet is Unnerving
    Market conditions are already extremely quiet, but it seems that we are sliding to even more exceptional levels of listlessness…and just before a heavy round of important event risk.
  17. US Dollar May Rise Before Key Data on Firming Consumer Confidence
    The US Dollar may advance before this week’s top event risk including GDP and NFP releases as consumer confidence moves to a six-year high.
  18. Fed, NFPs Line Up this Week with USD Technical Breakouts
    With the Federal Reserve's July meeting in two days and the release of the July Nonfarm Payrolls report two days after that, there is little chance the US Dollar stays quiet for long.
  19. New Zealand Dollar Down on Eroding RBNZ Rate Hike Outlook
    The New Zealand Dollar continued to decline after last week’s dramatic selloff, touching a six-week low, amid fading RBNZ interest rate hike expectations.
  20. USDOLLAR Pivots to Key Level as EUR/USD, GBP/USD Slides Continue
    The US Dollar is starting to pick up ground alongside better high importance US economic data. Today's Durable Goods (JUN) report could be a spark for the next leg higher.

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