The US dollar strength prevails today as both ECB and BoE blindsided markets with more dovish hints, leaving the FED the only central bank with tampering plans in the near future. This helps the dollar gain strength against all other majors. At the moment EURUSD is at 1.2900 down 0.1%, GBPUSD at 1.5045 down 0.2% and USDJPY at 100.40 0.35% higher. Nevertheless the non-farm payrolls to come later in the afternoon will be crucial. They may boost dollar even higher or they may spoil the party! Only the after the release we will know.
Trade Idea
USDJPY 4H Chart:
The pair looks bid. Breaking 100.80 should lead towards 101.15. Keep an eye on US payrolls today though as it will be crucial and a negative figure may turn things around.USD/JPY">
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The US Dollar Strength Prevails
Published 07/05/2013, 03:04 AM
Updated 04/25/2018, 04:40 AM
The US Dollar Strength Prevails
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