News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
Mixed
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • BoJ's Kataoka: Hard to see inflation nearing 2% Will keep making utmost effort toward price target - BBG #BoJ $JPY
  • 🇨🇳 Caixin Services PMI (FEB) Actual: 51.5 Previous: 52.0 https://www.dailyfx.com/economic-calendar#2021-03-03
  • BoJ's Kataoka: Desirable to lower rates to strengthen easing Will add stimulus without hesitation if needed Will extend special funding program if necessary - BBG #BoJ $JPY
  • RT @BrendanFaganFx: AUD/USD Eyes February High After Australian Q4 GDP Beat $AUD $USD Link: https://www.dailyfx.com/forex/market_alert/2021/03/03/AUDUSD-Eyes-February-High-After-Australian-Q4-GDP-Beat.html
  • BOJ's Kataoka says it is appropriate to link forward guidance to a price target - BBG $USDJPY
  • The commodity-sensitive Canadian Dollar may continue outperforming its major counterparts in the coming weeks. USD/CAD, CAD/CHF, CAD/JPY and EUR/CAD key levels to watch. Get your market update from @DanielGMoss here: https://t.co/9bkVXQuP5C https://t.co/K4OaGLhNm1
  • Heads Up:🇨🇳 Caixin Services PMI (FEB) due at 01:45 GMT (15min) Previous: 52.0 https://www.dailyfx.com/economic-calendar#2021-03-03
  • Heads Up:🇨🇳 Caixin Composite PMI (FEB) due at 01:45 GMT (15min) Previous: 52.2 https://www.dailyfx.com/economic-calendar#2021-03-03
  • RT @FxWestwater: $USDCAD May Move Lower on #USD Weakness Despite Crude #Oil Breakdown Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/03/03/USDCAD-May-Move-Lower-on-USD-Weakness-Despite-Crude-Oil-Breakdown.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/KpSu8Db0A0
  • President Biden will give speech about economy this Friday, White House says - BBG
Trade Setups in USD-pairs Around June US NFPs

Trade Setups in USD-pairs Around June US NFPs

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURUSD nears uptrend from mid-April and late-May lows.

- USDCAD breaks downtrend from March and June highs.

- See the DailyFX economic calendar for Thursday, July 2, 2015.

If we may take a step away for Greece for a few hours, then upcoming slate of US economic data may provide the necessary distraction. With the holiday-shortened week upon us thanks to the Friday observance of the July 4 holiday in the United States, the most important US economic report of the month has been pulled forward one day, adding another layer of complexity to an anxious market.

The US Dollar enters the day on strong footing, with the USDOLLAR Index moving to fresh weekly highs amid new post-Sunday open lows in AUDUSD and EURUSD.

It's worth mentioning that, in a vacuum, several of the trade setups being offered by the market right now are quite tantalizing: EURUSD may getting ready to break its uptrend from the mid-April and late-May lows; and USDJPY could be ending its consolidation that's been developing since June 9. However, the market is not in a vacuum; we must take into account the risks posed by the Greek referendum on July 5. As such, despite whatever reaction is achieved in EURUSD and USDJPY today, it may prove short-lived as the weekend carries immense gap risk for Sunday's opening prices.

See the above video for technical considerations in EURUSD, AUDUSD, USDCAD, and the USDOLLAR Index.

Read more: USD/CAD on Cusp of Breakout as EUR/USD Retreats

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES