does it matter? its moving whatever it wants to do
NFP preview: When will jobs growth get back into gear?
After getting walloped through the last three quarters of 2020, the US dollar has stabilized against its major rivals so far in 2021, though the world’s reserve currency hasn’t seen much in the way of buying pressure lately. If we see a stronger-than-anticipated NFP reading, traders may look to the EUR/USD as a possible sell candidate. The world’s most widely-traded currency pair is approaching the bottom of the 1.1950-1.2225 range that has contained rates for the past seven weeks, an da break below that area could open the door for a deeper retracement toward 1.1800 as we move through the month of March. On ... (full story)