DXY Prediction On Positive JOLTs data
Following NFP report last week which seen as bullish despite an uptick on unemployment data, the focus mainly was the hourly wages which beat expectation of 0.4% vs expected 0.3%. This week economic data (JOLTs report) should give us a closer look at the labor force market and whether unemployment is really a concern. If however, the market disappoints then we could see further decline in lower levels. In a meantime, staying bullish with a positive data can see a reversal forming at 101 even handle. Happy Trading!
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