Today’s hot US jobs report has sparked a US dollar rally that could last all month. Watch today’s video to see how that could impact the DXY, EURUSD, GBPUSD, XAUUSD, and AUDCAD next week. The DXY broke below a significant level on Monday at 104.50. That’s the bottom of an ascending channel that has held all year for the dollar index. However, I gave several warnings this week that the Monday breakdown could be a bear trap, also called a fakeout. It all came down to Friday’s jobs report, which didn’t disappoint dollar bulls. If the DXY can close today above 104.65, it will confirm a bullish fakeout and ... (full story)
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2024-06-08 07:22:00Z
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