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  • (AUD Weekly Tech) Australian Dollar May Wilt, Downtrends Resume: AUD/USD, AUD/JPY, AUD/NZD, AUD/CAD https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2021/09/19/Australian-Dollar-May-Wilt-Downtrends-Resume-AUDUSD-AUDJPY-AUDNZD-AUDCAD.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/DedoOKJMXh
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  • Scoping out next week for trading the market, there are a range of high profile influences including September PMIs, Evergrande and a range of central bank decisions. Top listing on my docket is the #FOMC with my scenarios below. Full analysis: https://www.dailyfx.com/forex/video/daily_news_report/2021/09/18/SP-500-and-Dollar-on-the-Hook-for-Breaks-with-Evergrande-Fed-and-September-Trade-Ahead.html https://t.co/ZdoMJS9fp5
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  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here: https://t.co/yOUVEEqhc5 https://t.co/6inC94w5K4
  • All eyes on the Fed on Wednesday as investors weigh on chances of a taper announcement. Get your weekly equities forecast from @HathornSabin here: https://t.co/Cv06XcvldF https://t.co/I12g2YPkdE
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DailyFX Roundtable: U.S. Non-Farm Payrolls (NFP) Coverage

DailyFX Roundtable: U.S. Non-Farm Payrolls (NFP) Coverage

Talking Points:

- DXY Struggles as U.S. Non-Farm Payrolls (NFP) Report Disappoints.

- Euro Resilience Persists Ahead of European Central Bank (ECB) Meeting.

- USD/CAD Tumbles to Fresh 2017 Lows, Bank of Canada (BoC) to Stay on Hold

- AUD/USD to Face Reserve Bank of Australia (RBA) Verbal Intervention.

- Gold Prices Continue to Gain Ground After Breaking Out of Bearish Trend.

- Sign Up and Join the DailyFX Team LIVE to Cover Major Data Prints Along with the RBA, BoC & ECB Rate Decisions.

Join DailyFX Strategists Paul Robinson, David Song and Christopher Vecchio to cover the U.S. Non-Farm Payrolls (NFP) report along with key trade setups going into the first full week of August. Highlighted setups include DXY, EUR/USD, USD/CAD, and Gold.

EUR/USD 5-Minute Chart

EUR/USD Chart

EUR/USD spiked to 1.1980 as U.S. Non-Farm Payrolls (NFP) increased 156K in August, while the Unemployment Rate unexpectedly climbed to an annualized 4.4% even as the Labor Force Participation Rate held steady at 62.9% per annum. Nevertheless, the market reaction was short-lived amid reports the European Central Bank (ECB) will wait until December to decide the fate of its quantitative easing (QE) program.

EUR/USD Daily Chart

EUR/USD Daily Chart

Download the DailyFX 3Q Forecasts

Broader outlook for EUR/USD remains constructive as the pair preserves the upward trend from earlier this year, and the shift in market behavior may continue to unfold throughout the remainder of the year especially as market participants scale back bets for three Fed rate-hikes in 2017. Nevertheless, the ECB’s September 7 meeting may fuel a larger pullback in the euro-dollar exchange rate should President Mario Draghi and Co. merely attempt to buy more time.

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--- Written by David Song, Currency Analyst

To contact David, e-mail dsong@dailyfx.com. Follow me on Twitter at @DavidJSong.

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

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