Week Ahead Video September 3rd 2023
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The NFP number came out strong on Friday, at 187k, but data of past months was revised sharply lower so USD spiked down after the NFP release, but then $USD gained momentum and finished the session higher following strong Manufacturing PMI data.
Also, some FED comments that “3.8% jobless rate is still low” helped to support the Dollar Index which has room for 105-106 resistance based on Elliott Wave patterns and sentiment.
Enjoy the video – Grega.
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