Dollar Versus Euro and Yen August 1st

FX Strategy Video > Currency Pairs Analysis

EUR/USD had a bullish session on Tuesday, but failed to stay decisively above the 1.23 level. The pair looks like it is running into trouble, as the central banks are meeting over the next 48 hours. The jobs number on Friday also is important.

The USD/JPY pair is also very sensitive to the jobs number. If the Fed does very little, this pair could move as well. The 78 handle looks very, very important at this point. It also looks like it is being guarded.

Published on 31st of July 2012
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