A true interpretation of Friday's Jobs Report - The Stock Market News (2024)

US Dollar extends gains on strong GDP and Jobless Claims figures, focus turns to PCE data DXY to pop through 104.50 towards 105.00 – ING US Dollar tallied another winning day as markets prepare for PCE data US Dollar extends gains ahead of US GDP and PCE data later this week Crypto Chip Company Katena Wins Lawsuit Filed by Bitcoin Miner Coinmint US Dollar extends gains as markets await fresh drivers QIAGEN (QGEN) Unveils QIAstat-Dx Analyzer With Remote Access US Dollar closes its second straight winning week as markets prepare for PCE data DXY looks poised to retest its February high around 105.00 – Scotiabank US Dollar Index Pushes Higher, Sterling Continues to Weaken After BoE Dovish Shift US Dollar sees green backed by strong labor market data, mixed PMIs US Dollar declines to weekly lows after Fed’s decision and Powell’s presser Forex Today: US Dollar awaits Fed policy decisions, dot plot US Dollar Index extends upside below the 104.00 mark, Fed rate decision looms Forex Today: The Fed, the whole Fed and nothing but the Fed Mexican Peso advances against US Dollar ahead of US and Mexico central bank decisions US Dollar edges higher on strong housing data, eyes on Fed’s decision on Wednesday US Dollar eats into earlier highs with markets rolling over DXY may well trade a 103.50-104.00 range today – ING US Dollar sees some upside as markets gear up for FOMC decision US Dollar sees minor gains as markets gear up for the Fed’s decision next week DXY should go back to 104.00 before the Fed meeting – ING US Dollar resurges amid hot PPI and strong labor market data US Dollar loses ground as focus turns to PPI and Retails Sales data on Thursday Forex Today: Investors’ attention is expected to be on US CPI US Dollar sees mild gains ahead of CPI data US Dollar at session’s high with DXY soaring higher on Monday US Dollar closes its weakest week since December on mixed NFP Forecasting the Coming Week: US CPI takes centre stage US Dollar tallies another day of losses, focus shifts to NFPs Oil sees accelerated decline with DXY back at session’s low USD/INR trades in red ahead of Fed Chair Powell’s testimony US Dollar takes a hit as the US labor market weakens DXY could make a move down to the 103.35 area – ING US Dollar declines ahead of Powell’s speech and labor market data US Dollar sees red as investors await labor market data throughout the week US Dollar trades in the red following soft ISM PMI DXY likely to track sideways over the next few weeks – HSBC USD may find it hard to advance significantly – Scotiabank DXY to end the week above 104.00 – ING Forex Today: US Dollar consolidates gains ahead of PMI, Euro awaits inflation data US Dollar Index holds above the 104.00 barrier, investors await US PMI data US Dollar finds a lift after PCE data from January Pound Sterling Price News and Forecast: GBP seeks fresh guidance on interest rates [Video] US PCE Preview: DXY to drop back to 103.00 in the best-case scenario – SocGen US Dollar Index attracts some sellers below the 104.00 mark, focus on US PCE data US Dollar tallies a wining day despite weak GDP revisions, eyes turn to PCE data There may be little potential for USD gains to develop further – Scotiabank US Dollar Index holds positive ground around the 104.00 mark, eyes on US GDP data Mexican Peso climbs against US Dollar as traders await US GDP data The Stock Market News