Here is what you need to know on Monday, August 10: The dollar closed the week with a firmer tone, partially backed by an upbeat employment report, but also by US President Trump’s decisions. On Friday, the US administration imposed sanctions on Hong Kong’s chief leader, Carrie Lam, and ten other senior officials for their roles in the political turmoil in the region, also anticipating fiscal stimulus executive orders, which finally came on Saturday. Trump signed four orders, which extend unemployment benefits by $400, suspends the collection of payroll taxes till December, stop evictions from rental housing that has federal financial backing and extend zero per cent interest on federally financed student loans. Meanwhile, the US Congress is still unable to reach an agreement on fiscal aid. The news could boost the greenback at the beginning of the week. The US employment report released Friday was better than anticipated but indicated the US path to recovery that lies ahead is still long and bumpy. Majors eased from fresh multi-month highs, with most currency pairs ending the week little changed. Somehow, it could be an early sign of the dollar’s selling exhaustion. Anyway, the greenback has not much of a background to run steadily after a corrective advance. Bright metals continued strengthening to records. Gold pulled back from an all-time high of 2,075.19 to the current 2,034 price zone. The movement seems corrective, and bears have little to do unless it breaks 2,000 in which case, profit-taking would exacerbate the decline. China will publish July inflation data on the first day of the week. The macroeconomic calendar will be mostly light until the end of the week. Crypto bears dominate, Ripple breaches $0.2900 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Forecast Aug. 10-14 – Aussie Yawns as RBA Holds Course Kenny Fisher 2 years Here is what you need to know on Monday, August 10: The dollar closed the week with a firmer tone, partially backed by an upbeat employment report, but also by US President Trump’s decisions. On Friday, the US administration imposed sanctions on Hong Kong’s chief leader, Carrie Lam, and ten other senior officials for their roles in the political turmoil in the region, also anticipating fiscal stimulus executive orders, which finally came on Saturday. Trump signed four orders, which extend unemployment benefits by $400, suspends the collection of payroll taxes till December, stop evictions from rental housing that has federal… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.