Dollar is heading into today’s US payrolls report in a vulnerable position—not necessarily because the labor market is collapsing, but because markets are currently focused on risk appetite rather than pure Federal Reserve pricing. Markets are expecting a sharp moderation in hiring after March’s surprisingly strong 178k payroll gain. Consensus forecasts point to job growth […]
The post Dollar Faces Key NFP Test as Risk Sentiment Threatens Renewed Selloff appeared first on ActionForex.
Daily Pivots: (S1) 1.3634; (P) 1.3651; (R1) 1.3683; More… Intraday bias in USD/CAD remains neutral as consolidations continue above 1.3549. Further decline is expected as long as 1.3709 resistance holds. Below 1.3549 will resume the Read more…
The US Non-Farm Payrolls report may be today’s headline event on the economic calendar, but markets are behaving as though the real story lies thousands of miles away in the Strait of Hormuz. For much Read more…
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