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
Real Time News
  • Heads Up:🇦🇺 Retail Sales MoM Final (JUN) due at 01:30 GMT (15min) Expected: -1.8% Previous: 0.4% https://www.dailyfx.com/economic-calendar#2021-08-04
  • The US Dollar could lose some ground against ASEAN currencies such as the Singapore Dollar and Thai Baht amid slowing Emerging Asia Covid case growth. Softer US NFPs may also bode well.Get your market update from @ddubrovskyFX here:https://t.co/jnJ80hQR4P https://t.co/n8UXm0mUeb
  • This week's non-farm payrolls (NFP) will likely be key to gauge the direction of gold as markets look ahead to the Jackson Hole Economic Symposium. Get your market update from @FxWestwater here:https://t.co/WmTrqe0xJN https://t.co/BO2uwXMAko
  • Will be discussing the Japanese #Yen and what you can expect throughout this week in about 15min! Signup for the webinar in the link below! https://t.co/Jbtd2hc5nU
  • Please join @ddubrovskyFX at 20:00 EST/00:00 GMT for a webinar on what other traders' buy/sell bets say about price trends. Register here: https://t.co/AzOQioRZER https://t.co/uy1tAhiwGY
  • RT @FxWestwater: $NZDUSD Wedge Breakout Back in Play on Stellar Q2 Jobs Report Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/08/03/NZDUSD-Wedge-Breakout-Back-in-Play-on-Stellar-Q2-Jobs-Report.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/YAIqqu5RDB
  • 🇦🇺 Markit Services PMI Final (JUL) Actual: 44.2 Previous: 56.8 https://www.dailyfx.com/economic-calendar#2021-08-03
  • $AUDNZD likely to attempt closing at a new 2021 low over the remaining 24 hours following the stellar New Zealand jobs report The December 2020 low has been further exposed at 1.0418 since July's #RBNZ rate decision New Zealand bond yields on the rise https://t.co/ipjwkSNt9n https://t.co/ncQX4hL8G3
  • Strong jobs report lifts $NZD - Money markets pricing in a 93% probability of a 25bps hike at the August meeting (previously 77%) - Over the forecast horizon, the RBNZ had projected (in the May MPS) the unemployment rate to gradually fall to 4.3% https://t.co/G5Ejzl2H6L
  • #NZDUSD cautiously higher after solid New Zealand jobs report Unemployment rate declined to 4.0% in Q2 from 4.7% prior (vs 4.4% anticipated) Job gains were at 1.7% y/y vs 1.2% expected Data seems to be supporting the case for a less-dovish #RBNZ given the cease to QE recently https://t.co/XmzhuLXh1H
Weekly Strategy Webinar: Key Trading Levels on the US Dollar Majors

Weekly Strategy Webinar: Key Trading Levels on the US Dollar Majors

Michael Boutros, Strategist

New to Forex Trading? Get started with this Free Beginners Guide

US Dollar Testing Yearly Highs Post-NFP, FOMC

Here we go again- This is the eighth attempt for the DXY to breach above the 200-week moving average and the focus is on this threshold heading into the start of the week. The summer doldrums are upon us and while markets remain range-bound, a broader look at price still has the majors pressing critical inflections zones early in the month. Patience pays during these time periods; remember, times of contracting price action typically precede larger surges in volatility. Simply put, things can / will change quickly- be ready and know the trading levels.

Key Trade Levels in Focus

DXY – Looking for resistance ahead of yearly highs- Near-term support still 94.20/24

USD/JPY – Looking for resistance ahead of the monthly open at 111.88- Key support still 110.70/88.

EUR/USD – Testing critical support zone at 1.1529/54. Key resistance at 1.1616

GBP/USD – Key support confluence rests at 1.2877, looking for a reaction there. Resistance at 1.3164

AUD/USD – The focus is on a break of the 7327-7500 zone with the RBA on tap tonight

For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy

Highlighting this week’s economic calendar will be RBA (Reserve Bank of Australia) & RBNZ (Reserve Bank of New Zealand) interest rate decisions, Japan & UK 2Q GDP and the US Consumer Price Index (CPI) on Friday. In this webinar we review updated technical setups on DXY, EUR/USD, GBP/USD, GBP/JPY, AUD/USD, USD/CAD, NASDAQ, Crude, Gold, Bitcoin (BTC/USD) and USD/JPY.

Why does the average trader lose? Avoid these Mistakes in your trading

Key Event Risk This Week

Economic Calendar

Economic Calendar - latest economic developments and upcoming event risk

Weekly Technical Updates:

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michael on Twitter @MBForex or contact him at mboutros@dailyfx.com

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

DISCLOSURES