A technical look at the major currency pairs for the week starting August 8, 2022

Technical Analysis

The US jobs report on Friday helped to initially move the dollar higher, stocks lower and yields higher. However, by the close, the dollar had come off high levels, stocks took back declines. Yields did stay elevated.

What about the expectations going forward?

What might the Fed officials reaction be to 528K new jobs?

What are the technicals saying for the major currencies vs the USD?

Where do the major US stock indices sit and what are their charts saying?

In this weekend video, I discuss the jobs report, my feelings on what response Fed officials may have, and what the charts are saying for currencies and the major US indices.

Prepare for the week ahead.

Articles You May Like

Deutsche Bank posts better-than-expected profit in first quarter amid investment banking recovery
USDCAD Technical Analysis – Getting close to a key support zone
Adidas shares rise 8% after first-quarter profit hike, improved outlook
Gold price drops as hot US core PCE Inflation dent Fed rate cut prospects
Oil – private survey of inventory shows a draw vs. the build that was expected