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U.S. Dollar Forecast To Fall Further Against Euro, British Pound, and Japanese Yen

EURUSD – Euro Forecast to Gain Versus U.S. Dollar
GBPUSD – British Pound Turnaround May Be on the Horizon
USDJPY – Japanese Yen Positioning Remains
USDCHF – Swiss Franc May Continue to Strengthen against Dollar
USDCAD – Canadian Dollar Forecast to Break Below Narrow Range
GBPJPY – British Pound Forecast to Advance Against Yen
 
View individual currency SSI charts in our FX Sentiment section
 

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Forex Market News

Michael Wright

Currency Analyst

Michael Wright

Dollar Struggles Ahead of 2Q GDP – Fed Maintains Dovish Outlook

• Dollar Struggles Ahead of 2Q GDP – Fed Maintains Dovish Outlook
• Euro Rallies as Economic Confidence Tops forecast, German Unemployment Declines
• British Pound Continues to Trend Higher Ahead of GfK Consumer Confidence Survey
• Australian Dollar Regains Footing as Swan Talks Down Recent Inflation Report
• Japanese Yen Rallies Extends Yesterday’s Advance On the Back of Risk Aversion
• New Zealand Dollar Pushes Lower Following Dovish Comments Subsequent to RBNZ Rate Hike

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Technical Analysis

Jamie Saettele

Senior Technical Strategist

Jamie Saettele

British Pound Pressing against Resistance Line

The GBPUSD looks vulnerable but it is difficult to short without a point of reference to place a stop. It is best to wait for a top to form and then short a bounce.

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ANALYST PICKS

Jamie Saettele

Senior Technical Strategist

Jamie Saettele

Currency Pair: pending GBPUSD short
Expertise: Technical
Average Time Frame of Trades:
John Rivera

Currency Analyst

John Rivera

Currency Pair: Stay Long GBP/USD
Expertise: Fundamentals Combined With Technicals
Average Time Frame of Trades: 2-4 Days
Video

DAILY FOREX NEWS REPORT

U.S. Dollar Under Pressure Ahead of 2Q GDP

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Daily Economic Calendar
Time Event Actual Forecast
Jul 2923:30 JPY JPY Household Spending (YoY) (JUN) -0.9%
Jul 2923:30 JPY JPY Jobless Rate (JUN) 5.2%
Jul 2923:30 JPY JPY National Consumer Price Index (YoY) (JUN) -0.7%

Central Bank Rates
Currency Rates   Currency Rates
New Zealand NZD 3.00%   Australia AUD 4.50%
Great Britain GBP 0.50%   United States USD 0.25%
Canada CAD 0.75%   EU EUR 1.00%
Switzerland CHF 0.25%   Japan JPY 0.10%
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