Don’t waste your time – keep track of how NFP affects the US dollar!

Thank you for visiting our website

The ASIC policy prohibits us from providing services to clients in your region. Are you already registered with FBS and want to continue working in your Personal area?

Personal area

Facebook like

USD: a disappointing jobs report?

USD: a disappointing jobs report?

Updated

US dollar index, H4 chart

USD h4.png

US dollar index, daily

usd d.png

The US Jobs Report could be considered as a disappointing report, excluding the wages growth which keeps the fears over inflation. The rest of the numbers were less than expected. Even the Unemployment Rate, which dipped to 5.8% was not an improvement, as this was mainly due to the drop in the participation rate as well. Such data confirms that the Federal Reserve is unlikely to move any time soon with tapering. The US Dollar Index declined back on Friday however, it is still trading above the key 90.0 support area and the broken channel. In the meantime, a break of that support area would renew the downside pressure back to 89.60’s. Otherwise, the USD index may show further strength later this week, eyeing the 91.0 resistance area.

S3

S2

S1

Pivot

R1

R2

R3

89.06

89.66

89.90

90.26

90.50

90.86

91.47

LOG IN

Deposit with your local payment systems

Feel the Team Spirit

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at support@fbsaustralia.com