A technical overview of the major currency pairs for the week starting August 8, 2022


Friday’s US jobs report helped push the dollar up initially, stocks down and yields up. However, by the close the dollar had reached high levels, stocks resumed their decline. Yields remained high.

What about future expectations?

How might Fed officials react to the 528,000 new jobs?

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

Where do the major US stock indices stand and what do their charts say?

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

Get ready for the week ahead.


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