The USD managed to post gains against the CHF after the Swiss National Bank decided to leave rates unchanged at the record low -0.75%, once again called the Swissie "highly valued", and promised to "remain active in the foreign exchange market..."
Non-Farm Payroll figures revealed an expansion of 228K jobs, exceeding expectations of 195K. Nevertheless, the overall bag of data this morning came in mixed as Average Hourly Earnings managed to grow by just 0.2% instead of the estimated 0.3%...
The dollar was hit by political and economic crosswinds that had the U.S. unit on its back foot. Dollar sentiment is suffering from the perception of the White House shifting in a more hawkish direction with respect to trade and potential global trade war...
The USD has been swinging within tight ranges, closed the week in similar fashion as markets awaited news from Senate regarding the tax reform legislation. With the bill passing at 2:00 am on Saturday, next week's opening session should prove interesting...
Looking at the trading session ahead, Goldman Sachs strategists prefer not to chase EURUSD lower as it has already approached 1.1720 support, but would sell on rallies to 1.1810 or on a break below 1.1700, with EUR to be well supported near 1.1665...
As we wind down 2017, analysts at GS Research see the potential for stronger global and EM growth in the new year, that could boost emerging market currencies and could create USD, SGD and JPY short opportunities against the BRL, INR, and IDR...
Being a long-time observer of market dynamics one can`t help getting a sense of déjà vu when looking at the chart of US dollar index as it bears a very familiar Elliott Wave price structure to one seen not so long ago, which may surprise USD bulls...
A close examination of past administrations, major events on the world stage which have occurred since the end of the 1960s, and the US dollar trends, can provide a great insight of what the future might have in store for the greenback...
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