USD Index daily outlook
Looking at the history of NFP this year weve had reletively good NFPs twice in a row.
A weak number today might cause traders to think the growth we have had for the year and the late stages of last yar is
being given back, and maybe therefore the FED might not hike as promised. Some might think weve reached maximum employment,
and the FED will continue.
With the forecast being a lower number than previous the last thing I want to see as a Dollar Bull is last months number
being revised lower, and todays number coming out lower than expected.
The Market want to see unemployment decline, or stay steady with average hourly earnings improving.
With the market being known for pricing in future events there has been no pricing in of what traders think the result will
be, even though most leading indicators suggest a stronger number, the Market has not yet priced in anything. As shown below
PRICE has been flat,but spiked alot on lower timeframes.