NFP

US dollar eases off after initial bounce, after US NFP rose by 300K, although it was boosted by part-time jobs. US CPI and ECB policy decision coming up next week, which should provide some direction for the EUR/USD.

The US dollar retraced for a third day, but with NFP stats favouring a 'beat' then we're on guard for a dollar bounce.

The US dollar is sitting in the middle of its 3-month range with leading indicators pointing toward slightly above expectation reading in this month’s NFP report, with headline job growth in the 200K-250K range.

Gold is overbought on a short-term basis, but the long-term returns hint at more room to run higher from here...

Friday's US non-farm payrolls report (NFP came in mixed-to-slightly weak when you consider the revisions and wages, causing the dollar to weaken further. The GB/USD could be heading to 1.30 in the week ahead when we have lots of data from both the UK and US to look forward to.

After slipping for the past three weeks, the US Dollar Index is testing key previous support at the 103.00 level, potentially setting the stage for a bounce on solid jobs data.

NFP trounces expectations at +353K vs. +185K expected. USD/JPY and bond yields jump, gold drops .Light macro events in week ahead.

The US dollar was lower across the board after traders digested the latest Fed meeting and are now focusing on four cuts this year, beginning in May. EUR/USD is just one of several pairs to form engulfing days against the US dollar.

Today’s publication of US jobs report has further cemented expectations that the Fed has reach peaked interest rates. Bond yields and the dollar have sold off as a result, with indices and gold moving higher.

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report we will discuss the dollar’s outlook and how the upcoming data releases could impact the direction of major pairs like the EUR/USD and AUD/USD.

A weaker-than-expected NFP report could accelerate the selling in the US dollar (buying in EUR/USD) for a move up toward the top of the flag pattern above 1.0700.

It is all about the nonfarm payrolls report and the dollar today. The NFP data will be responsible for the short-term direction of the US dollar and bond yields, before the focus turns to the FOMC meeting minutes and inflation data next week.

EUR/USD remains in a bearish channel with resistance at 1.0530 ahead of NFP

EUR/USD is trading between resistance near 1.0925 and support around 1.0840 ahead of the key US jobs report...

It's the last trading week of August, and it's fair to say that market conditions were more volatile and eventful than this time of year tends to provide. At the time of writing, we're yet to hear what Fed Chair Jerome Powell has to say, but it could certainly set the tone for next week's trade. And there is no shortage of data to kick off September, including US PCE inflation, GDP, and the ISM manufacturing survey. Final PMIs are also published for the US, UK, Europe, Japan, and Australia. And incoming RBA Governor Bullock speaks, and a host of Australian data includes CPI, retail sales, home loans, and capex.

The USD/CAD outlook is going to be influenced by jobs reports from both the US and Canada due out later today.

All eyes will turn to the US jobs report on Friday, as the market refocuses on Fed policy after the Fitch downgrade of US credit rating caused a risk off response in the markets, which sent the dollar and long-dated bond yields surging higher. The US dollar, gold and EUR/USD outlook could be impacted if we see a jobs report that deviates significantly from expectations.