EUR/USD bias flipped 30 times to bullish on August 7, 2026
The euro strengthened against the dollar after US Non-Farm Payrolls contracted by 23,000 and revisions revealed deeper labor market weakness, prompting markets to unwind expectations for a September Federal Reserve rate hike. The dollar broadly tumbled as the 'sell America' trade resumed, while the euro also drew support from positive German industrial output data, holding near three-week highs.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 30 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Weak bearish
- 01:03Neutral
- 01:07Weak bearish
- 01:15Neutral
- 04:28Weak bearish
- 04:36Neutral
- 05:52Bullish
- 06:12Neutral
- 07:08Weak bearish
- 07:20Bullish
- 07:36Neutral
- 09:33Weak bearish
- 10:25Neutral
- 11:01Weak bullish
- 11:41Bullish
- 12:05Neutral
- 12:45Bullish
- 13:01Neutral
- 13:42Bullish
- 14:22Neutral
- 15:18Bullish
- 15:42Neutral
- 16:26Weak bullish
- 16:34Neutral
- 17:02Weak bullish
- 18:51Bullish
- 19:11Neutral
- 19:27Bullish
- 19:35Weak bullish
- 20:15Bearish
- 20:23Bullish
Headlines (15)
First seen on August 7
- ECB kept out of loop on historic US-Japan yen intervention, FT reportsInvestingLive
- US euro sale to prop up yen blindsided European Central BankFinancial Times
- Euro steadies against the British Pound following another rejection at the 0.8580 areaFXStreet
- Euro remains stronger against Canadian Dollar as German Industrial output beats forecastsFXStreet
- How have interest rate expectations changed after this week's events?InvestingLive
- US Non-Farm Payrolls Contract -23k. Revisions Expose Deeper Labor Market WeaknessActionForex
- Euro surges as shocking US NFP reverses Fed September hike expectationsFXStreet
- EUR/JPY recovers from session low but remains down on FridayFXStreet
Carried over from earlier days
- Pound Sterling Vulnerable to Bank of England Sitting Out the Hiking Race: HSBCpoundsterlinglive.com
- Asian shares jump on AI trade revival despite SpaceX, AMD setbacks, as oil prices dip – business liveThe Guardian
- investingLive European markets wrap: Dollar subdued, gold climbs; US stocks eyed after record-breaking dayInvestingLive
- Euro steadies at three-week highs amid positive data and lower Oil pricesFXStreet
- US Dollar Tumbles as 'Sell America' Trade Returns. Forecast as of 06.08.2026LiteFinance
- The USD is mostly higher vs the major currencies to start the NA sessionInvestingLive
- Forex Today: US Dollar firms ahead of Nonfarm Payrolls as Hormuz risk returnsFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, August 7 | ||
| German Industrial Production m/m | 0.2% | EUR |
| German Trade Balance | 17.2B | EUR |
| French Trade Balance | -6.5B | EUR |
| Non-Farm Employment Change | 85K | USD |
| Average Hourly Earnings m/m | 0.3% | USD |
| Unemployment Rate | 4.2% | USD |
| FOMC Member Barkin Speaks | USD | |
| Consumer Credit m/m | 11.4B | USD |