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Otmane El Rhazi from DailyFX - Daily Briefings.

The USD rally is at risk ahead of tomorrow’s jobs report with setups in EURAUD & AUDNZD poised for the August open. Here are the updated targets & invalidation levels.

Otmane El Rhazi from DailyFX - Daily Briefings.

Today can be viewed as an ‘eye of the storm’ type day, considering that there’s no major US event risk: yesterday saw ADP, GDP, FOMC; tomorrow sees NFPs, PCE, ISM.

Otmane El Rhazi from DailyFX - Daily Briefings.

Crude oil and gold could be afforded some breathing room in the session ahead as traders await guidance from a second round of top-tier US data on Friday.

Otmane El Rhazi from DailyFX - Daily Briefings.

The Euro may correct higher after hitting a nine-month low against the US Dollar if July’s inflation data tops economists’ expectations.

Otmane El Rhazi from DailyFX - Daily Briefings.

In a storm of fundamentals, the dollar did not escape a swell of volatility this past session. However, the currency’s remarkable rally didn’t exactly fit the expected interpretation of the event risk.

Otmane El Rhazi from DailyFX - Daily Briefings.

The EUR/USD may face additional losses over the next 24-hours of trade should the Federal Open Market Committee (FOMC) drop its dovish tone for monetary policy.

Otmane El Rhazi from DailyFX - Daily Briefings.

This week we’ve already discussed the implications of falling US Treasury yields on the US Dollar. Instead, the US Dollar is starting to gather momentum in the short-term amid a flurry of key event risk the next few days.

Otmane El Rhazi from DailyFX - Daily Briefings.

Crude oil and gold are set for a potentially volatile session with a string of noteworthy events on the horizon out of the US.

Otmane El Rhazi from DailyFX - Daily Briefings.

Strong U.S. 2Q GDP print may spur fresh yearly lows in the EUR/USD as it puts increased pressure on the FOMC to normalize monetary policy.