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
More View more
Strategy Video: Market Puts Hurricane Shutters on Dollar Trades

Strategy Video: Market Puts Hurricane Shutters on Dollar Trades

John Kicklighter, Chief Strategist

Talking Points:

• The USDollar has advanced this past week despite a tepid rate forecasts and stubborn risk appetite

• A heavy economic calendar - FOMC, US GDP, NFPs - threatens to revive rate speculation and maybe even risk

• We look at all of the dollar-backed majors with a particular interest in EURUSD and GBPUSD

Find out what live events and webinars are scheduled this week with the DailyFX Live Webinar Calendar!

Event risk and fundamental trends weren't very favorable to the US Dollar this past week, but that didn't prevent the currency from marking a convincing bullish turn through the period. The scene is set for a more productive trend to develop, but conviction and momentum require the market's backing - and that is where fundamentals and market conditions come into play. To charge a move, we have the US 2Q GDP release, FOMC rate decision and Friday NFPs amongst other data. Yet, to chart a course with momentum, we may also need underlying conditions to shift from aimless range to concerted trend. We focus on the US Dollar in today's Strategy Video.

Sign up for John’s email distribution list, here.

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

DISCLOSURES