DailyFX.com -

Talking Points:

• The USDollar has advanced this past week despite a tepid rate forecasts and stubborn risk appetite

• A heavy economic calendar - FOMC, US GDP, NFPs - threatens to revive rate speculation and maybe even risk

• We look at all of the dollar-backed majors with a particular interest in EURUSD and GBPUSD

Find out what live events and webinars are scheduled this week with the DailyFX Live Webinar Calendar!

Event risk and fundamental trends weren't very favorable to the US Dollar this past week, but that didn't prevent the currency from marking a convincing bullish turn through the period. The scene is set for a more productive trend to develop, but conviction and momentum require the market's backing - and that is where fundamentals and market conditions come into play. To charge a move, we have the US 2Q GDP release, FOMC rate decision and Friday NFPs amongst other data. Yet, to chart a course with momentum, we may also need underlying conditions to shift from aimless range to concerted trend. We focus on the US Dollar in today's Strategy Video.

Sign up for John’s email distribution list, here.

You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/CHF reverses losses and climbs to 3-week highs

  2. Forex News

    USD/JPY: bulls eyeing 122 – FXStreet

  3. Forex News

    CPI and EUR/USD reaction: Heading towards 1.1000

  4. Forex News

    USD/JPY sees more upside potential in the interim, key reasons – RBS

  5. Forex News

    GBP/USD drops sharply after US CPI, BoE Carney speech

Trading Center