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. See our updated Privacy Policy here.

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
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Bearish
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
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.28% 🇦🇺AUD: 0.20% 🇨🇦CAD: 0.19% 🇬🇧GBP: 0.01% 🇨🇭CHF: -0.11% 🇯🇵JPY: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/rKGivnA7az
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.37% France 40: 0.32% Germany 30: 0.09% US 500: -0.19% Wall Street: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/QYj0laANXU
  • ECB's Villeroy says stimulus will be at least as prolonged as Fed's
  • This week opens to anticipation for Wednesday's FOMC decision, but conditions may charge short-term volatility. DailyFX Chief Strategist @JohnKicklighter discuss for Monday! https://t.co/iOgZWpiFE5
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.92% Silver: 0.11% Gold: -0.56% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/lDnyXGE5LI
  • Heads Up:🇧🇷 Business Confidence (JUN) due at 14:30 GMT (15min) Previous: 58.5 https://www.dailyfx.com/economic-calendar#2021-06-14
  • Gold has rallied nearly 1.0 percent over the past half hour, retracing approximately two-thirds of the day's full bearish move that nearly return to the 200-day simple moving average at 1841
  • IG Client Sentiment Update: Our data shows the vast majority of traders in EUR/CHF are long at 75.94%, while traders in France 40 are at opposite extremes with 76.86%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/RoniFgxpjs
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.86% Silver: -0.03% Gold: -0.72% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/WLMrpTOeAe
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.12% Germany 30: 0.09% France 40: 0.08% US 500: 0.03% Wall Street: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/UN7jwfsNFt
US Dollar Edges Higher as July US NFP Comes in at Consensus

US Dollar Edges Higher as July US NFP Comes in at Consensus

Talking Points:

- Headline jobs growth comes in at 164K, nearly landing directly at the consensus forecast of 165K.

- The unemployment rate (U3) increased a touch to 3.7%, but

- The US Dollar initially gainedthreats of an immediate drop off in the US economy were dismissed for now.

See Q2’19 forecasts for the US Dollar, Euro, British Pound and more with the DailyFX Trading Guides

The July US Nonfarm Payrolls report comes in as concerns over the US-China trade war have ratcheted up in recent days. But the first jobs report of the second half of the year is at least soothing concerns that the US economy has started to fall off. In turn, Federal Reserve rate expectations have steadied and made little movement that has negatively impacted the US Dollar.

The headline July US NFP printed at 164K, barely missing the initial Bloomberg News consensus forecast of 165K. There was a significant give back in the two-month revision, down by -41K, which may have dampened the initial bullish reaction by the US Dollar. Otherwise, this was as ‘goldilocks’ as a report as this could be. Wages edged slightly higher to 3.2%, and the unemployment rate ticked up by 0.1%.

Here are the data driving the US Dollar this morning:

- USD Unemployment Rate (JULY): 3.7% versus 3.6% expected, unch.

- USD Change in Nonfarm Payrolls (JUL): 164K versus 165K expected, from 193K (revised lower from 224K).

- USD Labor Force Participation Rate (JUL): 63.0% from 62.9%.

- USD Average Hourly Earnings (JUL): 3.2% versus 3.1% expected, unch (y/y).

See the DailyFX economic calendar for Friday, August 2, 2019

DXY Index Technical Analysis: 1-minute Price Chart (Intraday August 2, 2019)

US Dollar Edges Higher as July US NFP Comes in at Consensus

Following the US jobs report release today, the DXY Index initially gained ground from 98.23 to as high as 98.38 thereafter. At the time this report was written, the DXY Index was able to maintain its rally, holding at 98.33 at the time this report was written.

FX TRADING RESOURCES

Whether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading.

--- Written by Christopher Vecchio, CFA, Senior Currency Strategist

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

Follow him in the DailyFX Real Time News feed and Twitter at @CVecchioFX

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

DISCLOSURES