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GBP/USD bulls are demoralized

GBPUSD chart

GBP/USD is getting closer to the first local support formed by 100-day moving average on the back of broadband USD rise ahead of NFP - the key risk event of the week. GBP/USD is about to finish the fourth consecutive week in decline, which is partially the US Dollar’s fault. USD is strengthening...

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EUR/USD be extra careful with trading today

EURUSD Be extra careful with trading today as the NFP and unemployment levels will have a major impact on the Forex market. 4 hour EURUSD: If further downside occurs then the wave 5 (dark red) would become extended. Breakouts (red arrows) could occur...

The US employment report and ISM manufacturing will wrap up a busy week

Market movers today The US employment report and ISM manufacturing will wrap up a busy week. We look for a rise of 250k in total payrolls, a bit higher than consensus of 225k. Jobless claims and other...

Dollar steadies ahead of Friday's key U.S. jobs

The greenback moved narrowly inside 102.75-103.01 range on Thursday after Wednesday's rally to a 3-1/2 month top of 103.15 due to a surprise jump in U.S. GDP. Despite Thursday's brief bounce from Asian low at 102.72 to 103.01...

RBA July commodity index −12.1% y/y

RBA July commodity index -12.1% y/y. Previous -9.6%.

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Nonfarm Payrolls Forecast

US job creation momentum to stabilize above 200K in July

As job creation in the US is gaining momentum, so do the analysts´ expectations, and now almost all of the forecasts for the July reading are situated above the 200K line.

Analysis

Trader's Eye on NFP and EURUSD, short-term

Gonçalo Moreira -Today's upside potential for EURUSD might be slightly higher if NFP disapoints than the downside potential from a positive surprise.


Nonfarm Preview - Can the Greenback keep up the pace? by Matt Simpson

USD Well Bid Into NFP...But Will The Numbers Dissapoint? by Nick Jordan

US Dollar At Critical Juncture Ahead Of All-important NFP by Aayush Jindal

Angus Campbell

Nonfarm to determine if dollar recovers further

Investors are slowly but surely preparing themselves for higher rates as equity markets suffered...

Steve Miley, MSTA

Loonie Continues to Weaken: $USDCAD targets 1.0960, 1.1005 and 1.1055

USDCAD bullish tone A rally and stall Thursday, but as we stated in our last report to our clients “corrective...

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Official Interest Rates

US: 0.25% EMU: 0.15% UK: 0.5% JP: 0.1% CH: 0% CA: 1% AU: 2.5% NZ: 3.5%

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Spreads

Broker EUR/USD GBP/USD USD/JPY

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0.1

0.2

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Current Trading Positions

USDJPY Order Entry SL TP
Pattern Trapper BUY LI >102.50 - -
GBPUSD Order Entry SL TP
Pattern Trapper SELL LI <1.6921 - -
AUDUSD Order Entry SL TP
Pattern Trapper SELL LI <0.9344 - -
USDCHF Order Entry SL TP
AceTrader LONG LMT @0.9088 0.9035 0.9150

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Most Traded Pairs


Pair Price Hour Day Week Month
GBPUSD 1.6875 0.04 -0.08 -0.59 -1.60
AUDUSD 0.9284 0.00 -0.21 -1.18 -2.24
USDCHF 0.9092 0.00 0.06 0.49 2.45
EURUSD 1.3384 -0.01 -0.04 -0.34 -2.16
USDJPY 102.94 -0.03 0.17 1.09 1.39

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