Following three consecutive sessions of declines, BTC was fast approaching its support level of $40,000 on Friday, as markets prepared for February’s nonfarm payrolls report. This came as ETH also fel...
Tag: NFP
US dollar index forecast ahead of the NFP data
The US dollar index (DXY) held steady on Friday morning as investors reflected on the statement by Jerome Powell. It also rose ahead of the upcoming non-farm payrolls (NFP) data from the United States...
USD/CAD signal ahead of US NFP and Canada PMI data
The USD/CAD pair has been in a tight range this week as investors have focused on the soaring crude oil prices and the Bank of Canada decision. It is trading at 1.2693, where it has been in the past f...
DXY: Is it safe to buy the US dollar index after strong NFP data?
The US dollar index (DXY) pair continued its strong performance on Monday morning as focus remained on the latest American jobs data. It is trading at $95.50, which is slightly higher than last week’s...
Should you buy the dollar index ahead of US NFP data?
The US dollar index (DXY) has fallen in the past six straight days. It is trading at $95.25, which is about 2.2% below the highest level in January. It is also trading at the lowest point since Januar...