Dollar Index - Is this the Day the correction Begins?
The US Dollar has been flying high on Federal Reserve Rate Hikes (and expectation of further Rate Hikes) and on solid economy reports..
Well, they are not so solid anymore so we need to watch out because a negative NFP report today might have serious implications on the almighty USD.
As explained before, Employment data is key: www.tradingview.com/...loyment-Will-be-Key/
The US economy as well as the Global markets are facing 'Stagflation worries : fortune.com/2022/05/18/recession...
Traditionally, employment data is the metric the Feds take most into consideration when it comes to deciding monetary policy . The next employment data reports will be massively important to follow/ and trade.
For now, worries are On but despite the fact that Biden administration does not offer anyone any great level of 'trust and acceptance', the Federal Reserve has been known to be very good at tackling problems of this kind.
So what will it be today? A good NFP will push the dollar higher...
A negative NFP will push the dollar lower (as well as the markets most likely).
A Day to be careful today as we facing the unknown.
One Love,
the FXPROFESSOR
PS. The new King is BTC, don't forget that!
Well, they are not so solid anymore so we need to watch out because a negative NFP report today might have serious implications on the almighty USD.
As explained before, Employment data is key: www.tradingview.com/...loyment-Will-be-Key/
The US economy as well as the Global markets are facing 'Stagflation worries : fortune.com/2022/05/18/recession...
Traditionally, employment data is the metric the Feds take most into consideration when it comes to deciding monetary policy . The next employment data reports will be massively important to follow/ and trade.
For now, worries are On but despite the fact that Biden administration does not offer anyone any great level of 'trust and acceptance', the Federal Reserve has been known to be very good at tackling problems of this kind.
So what will it be today? A good NFP will push the dollar higher...
A negative NFP will push the dollar lower (as well as the markets most likely).
A Day to be careful today as we facing the unknown.
One Love,
the FXPROFESSOR
PS. The new King is BTC, don't forget that!
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