"US Dollar Surges on Blowout Jobs Report, Impact on Forex Markets"

TL;DR Summary
The US dollar surged after the release of strong NFP data, leading to a rise in Treasury yields and potential implications for the Fed's policy stance. The article provides technical analysis for three U.S. dollar pairs: EUR/USD, USD/JPY, and GBP/USD, highlighting key price levels and potential scenarios for each pair. The EUR/USD faces support at 1.0780 and resistance at 1.0860, while the USD/JPY may target 148.90 with support at 147.40. GBP/USD is consolidating within a symmetrical triangle, with critical levels at 1.2750 and 1.2630.
- US Dollar Forecast: Bulls Mount Comeback; Setups on EUR/USD, USD/JPY, GBP/USD DailyFX
- NFP Preview: Why the US Dollar Could Be More Volatile Than Usual FOREX.com US
- ForexLive European FX news wrap: Markets wait on the US jobs report ForexLive
- US Dollar Jumps After NFPs Smash Estimates, Gold Slumps DailyFX
- Yields and dollar jump, stocks rally on blowout US jobs report By Reuters Investing.com
Reading Insights
Total Reads
1
Unique Readers
2
Time Saved
2 min
vs 3 min read
Condensed
85%
568 → 84 words
Want the full story? Read the original article
Read on DailyFX