Friday, August 4, 2017

Focsu on US payrolls later tonight (830pm SG/KL time). Dow





FX Weekly
by Saktiandi Supaat


FX Research





Focsu on US payrolls later tonight (830pm SG/KL time). Downside surprise, in particular hourly earnings, could pose risk to our 92-support for DXY however USD could rebound if US data surprise to the upside especially when DXY is at oversold conditions. We favor USD longs vs. selected FX including CHF and KRW towards 0.98 and 1130, respectively. We continue to look for AUD and NZD to retrace towards 0.7850, 0.7380 vs. the USD. USDSGD is nearing its recent lows again. Decisive move below key

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