Dollar

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will focus on the US dollar analysis, and provide updates on the GBP/USD, USD/CAD and EUR/USD outlook, before looking ahead to the next week. We maintain a bearish outlook on the US dollar and would favour looking for bullish setups on high-beta currencies.

It was a feast and then famine week for USD bulls as the Dollar continued it’s advance in the early part of the week, only to give back the bulk of those gains on Friday after the release of Non-farm Payrolls.

So, the US jobs data was mixed and the probability of a rate hike in September fell to 13% from about 20% prior to the data release. Correspondingly, the US dollar and bond yields fell, gold rallied, and stocks stabilised somewhat.

All eyes will turn to the US jobs report on Friday, as the market refocuses on Fed policy after the Fitch downgrade of US credit rating caused a risk off response in the markets, which sent the dollar and long-dated bond yields surging higher. The US dollar, gold and EUR/USD outlook could be impacted if we see a jobs report that deviates significantly from expectations.

While it is down now, the US dollar outlook is subject to change depending on the outlook of the data.

Welcome to another edition of Forex Friday, a weekly report in which we discuss selected currency themes mainly from a macro viewpoint, but we also throw in a pinch of technical analysis here and there. In this week’s shortened report, we will discuss the USD/CAD pair outlook, and look forward to next week’s key events affecting this pair.

The US Dollar has continued to show strength and EUR/USD is testing a key spot of support at 1.0750. Can Dollar bulls continue to drive FX trends?

Unlike equities, the FX markets are not so cheerful about US debt ceiling talks, with the greenback continuing to rise against risk-sensitive currencies like the AUD, GBP and EUR. But will the US dollar forecast turn more bearish moving forward?

Learn about the 10 most traded currencies like the dollar, euro, and yen and why forex traders prefer trading these major currencies.

The EUR/USD, GBP/USD and commodity dollars could all fall back if sentiment towards risk remains subdued.

Traders are continuing to pay respect to the key $1800 resistance level.

In this week’s edition, we are getting technical on the Dollar Index, S&P 500, GBP/USD and gold

Are we about to see a more profound dollar recovery?

In this week’s edition, we discuss the dollar, EUR/USD, gold and the Russell index.

CPI is way too high for the Fed to ease off the gas.