Buying Cheap Dollars

United States Non Farm Payrolls

The trend is rising over a twelve month period, held steady for a six month period and could be considered to have declined over a three month period.

United States Non Farm Payrolls

With a consensus of 180 thousand, nothing changes too much from a trend view.

Technical Analysis

 Chart Trend Direction Trend Break Zone 
 Day Up 111.40
Four Hour  Down 112.70
Thirty Minutes  Up 111.70
  • Low risk entry at  111.85
  • High risk entry at N/A

Fundamental and Geopolitical Analysis

“The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation.”

  • Stock market sustained losses in previous week but set to recover

Sentiment Analysis

  • Traders direction mixed but it appears more are opn the sidelines than invested so a rally could be expected.


Buying up the dollar from low risk entry makes sense fundamentally in the run up to Non Farm Payroll release.


Image credits: Aron Van de Pol