{"id":435591,"date":"2026-08-06T19:11:26","date_gmt":"2026-08-06T12:11:26","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-usd-is-mostly-higher-vs-the-major-currencies-to-start-the-na-session-435591\/"},"modified":"2026-08-06T19:11:26","modified_gmt":"2026-08-06T12:11:26","slug":"the-usd-is-mostly-higher-vs-the-major-currencies-to-start-the-na-session","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/the-usd-is-mostly-higher-vs-the-major-currencies-to-start-the-na-session-435591\/","title":{"rendered":"The USD is mostly higher vs the major currencies to start the NA session"},"content":{"rendered":"<div>\n<p>The USD is mostly higher with the one exception vs the CAD (the USD is lower by -0.07%). The biggest mover is the USDCHF (USD up 0.33%). The AUDUSD has a 0.28% move (lower AUDUSD\/higher USD).\u00a0 In the video above, I take a technical look at the 3 major currency pairs &#8211; the EURUSD, USDJPY and GBPUSD &#8211; from a technical perspective with a focus on the bias (bullish or bearish), the risks and the targets.\u00a0<\/p>\n<p>According to a Financial Times report citing sources, Fed Chair Kevin Warsh intends to stick with his lean, less prescriptive communication strategy despite criticism from markets and some observers. While he reportedly acknowledges that mistakes have been made during the first few weeks of implementing the new approach, he does not believe they justify reversing course. The report also says Warsh would be open to raising interest rates at the September meeting if inflation data over the coming weeks comes in hotter than expected and financial markets increasingly price in the likelihood of a rate hike.\u00a0US CPI data will be released next Wednesday. There is a 56% chance of a hike in September.<\/p>\n<p>Other US Fed members speaking overnight included:<\/p>\n<ul>\n<li>San Francisco Fed President Mary Daly said the Federal Reserve is facing a broad range of risks as it determines the appropriate path for monetary policy, reinforcing her support for holding interest rates steady at the July meeting while officials gather more data before making future policy decisions. She emphasized that the Fed must remain prepared to act if inflation begins to accelerate again. Daly also noted that tariffs, higher energy costs, and increased investment in artificial intelligence have contributed to the recent uptick in inflation, although there are early signs that the inflationary effects of tariffs are beginning to fade. Looking ahead, she added that an end to the conflict in the Middle East could help ease inflationary pressures by lowering energy costs.<\/li>\n<li>Fed Governor Lisa Cook said she supported keeping interest rates unchanged at the last FOMC meeting while the Federal Reserve gathers more data before deciding its next policy move. She described the U.S. economy as resilient, with a still-strong labor market and solid growth, while noting that consumer sentiment remains weak due in part to the effects of elevated inflation. Cook said there are reasons to believe inflation could continue to cool and that the Fed ultimately may not need to raise rates further. However, she cautioned that policymakers are running out of time to wait for disinflation to resume, stressing that inflation risks currently outweigh labor market risks. She reaffirmed the Fed&#8217;s commitment to restoring price stability and warned that persistently high inflation could become embedded in the economy if left unchecked. On artificial intelligence, Cook said there is little evidence so far that it has led to significant job losses, while emphasizing that the Fed stands ready to raise rates if the disinflation trend fails to re-emerge.<\/li>\n<\/ul>\n<p>The next key release for the US will be US employment which will be released tomorrow 8:30 AM with expectations of 85K nonfarm payroll jobs added\u00a0(vs 57K last month), and a unemployment rate of 4.2% (unchanged).<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">The Middle East peace process continues to show cautious signs of progress, although significant challenges remain. The primary focus has shifted to negotiations between Iran and Oman over a framework to reopen and manage shipping through the Strait of Hormuz, a vital global energy chokepoint. Reports indicate the two sides are close to finalizing an agreement on shipping routes, with Iran emphasizing that the deal alone will not guarantee security and warning that broader regional stability remains essential. Discussions are also viewed as part of a wider effort to ease tensions between Iran and the United States following recent hostilities. <\/p>\n<p>At the same time, the security backdrop remains fragile. Houthi forces claimed attacks on Saudi oil tankers in the Red Sea and Gulf of Aden, highlighting the continued risk to regional energy infrastructure even as diplomatic efforts advance. In Lebanon, renewed violence following the deaths of Israeli soldiers has underscored how easily localized conflicts can threaten broader ceasefire efforts and regional negotiations.<\/p>\n<p>Lookng at the premarket levels for the major US indices, the futures are implying:<\/p>\n<ul>\n<li>Dow +65 points<\/li>\n<li>S&amp;P unchanged<\/li>\n<li>Nasdaq -188 points<\/li>\n<\/ul>\n<p class=\"PDq2pG_selectionAnchorContainer\">Hurting the Nasdaq is SanDisk. The company delivered another quarter that easily topped Wall Street expectations, but investors focused on guidance that, while strong, failed to clear the market&#8217;s very high expectations after the stock&#8217;s massive run this year.<\/p>\n<ul>\n<li>Earnings: Adjusted EPS came in at $39.25, well above the $34.96 consensus estimate.\n<\/li>\n<li>Revenue:$8.97 billion, beating the $8.48 billion expected, driven by continued strength in AI-related data center storage demand. Revenue was up roughly 372% from a year earlier.\n<\/li>\n<\/ul>\n<p>Guidance<\/p>\n<ul>\n<li>Fiscal Q1 revenue:$10.3 billion to $10.8 billion (midpoint of $10.55 billion), roughly in line to slightly below lofty Wall Street expectations.\n<\/li>\n<li>Adjusted EPS:$44 to $46, around consensus but not enough to satisfy investors who had been expecting another significant upside surprise. Management also highlighted that more than half of FY2027 production is already committed under multi-year customer agreements, providing greater long-term revenue visibility.\n<\/li>\n<\/ul>\n<p>Stock reaction<br \/>\nDespite the earnings beat, SanDisk shares fell about 9% in premarket trading after the report as investors took profits and reacted to guidance that was viewed as solid\u2014but not spectacular\u2014following the stock&#8217;s roughly 470% gain year-to-date.<\/p>\n<p>In the\u00a0US that market, yields are higher with a flatter yield curve:<\/p>\n<ul>\n<li>2 year yield 4.212%, +3.3 basis points <\/li>\n<li>5 year yield 4.353%, +2.9 basis points.<\/li>\n<li>10 year yield 4.637%, +2.0 basis points <\/li>\n<li>30 year yield 5.185%, +.4 basis points<\/li>\n<\/ul>\n<p>in other markets:<\/p>\n<ul>\n<li>Crude oil is trading up $0.76 and $75.97<\/li>\n<li>Gold is trading up $11.40 at $4261.<\/li>\n<li>Silver is trading down $0.34 at $61.70<\/li>\n<li>Bitcoin is trading down $327 and $64,475<\/li>\n<\/ul>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The USD is mostly higher with the one exception vs the CAD (the USD is lower by -0.07%). The biggest mover is the USDCHF (USD up 0.33%). The AUDUSD has a 0.28%&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-435591","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=435591"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435591\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=435591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=435591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=435591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}