Dollar Stabilizing its NFP Gains – Video Analysis

Dollar Stabilizing its NFP Gains – The dollar has consolidated its post-payrolls gains of Friday, and looks set to remain buoyant with Fed speakers this week likely to affirm rekindled market expectations for further tightening. With the Fed seen heading for quantitative tightening as soon as September, U.S. July inflation data, due on Thursday (PPI figures) and Friday (CPI figures), will be a big focus for both policymakers and markets. The USDJPY has consolidated the gains as well after the stronger than expected U.S. jobs report on Friday. A post-data high was left at 111.05, and the pair has since settled to a narrow range near 110.75.

Click here to access the HotForex Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! The next webinar will start in:

Stuart Cowell

Senior Market Analyst


Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.