{"id":134973,"date":"2018-10-05T11:42:32","date_gmt":"2018-10-05T15:42:32","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134973"},"modified":"2018-10-05T11:42:32","modified_gmt":"2018-10-05T15:42:32","slug":"dollar-deflates-on-mixed-u-s-jobs-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/dollar-deflates-on-mixed-u-s-jobs-data\/","title":{"rendered":"Dollar deflates on mixed U.S jobs data"},"content":{"rendered":"<div id=\"inves-2083188705\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 5, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>The Dollar weakened against a basket of major currencies on Friday afternoon as investors digested September\u2019s mixed U.S. jobs data.<\/p>\n<p>The U.S. economy added 134,000 jobs in September, missing the forecast of 185,000. Although under normal circumstances the headline disappointment may have triggered concerns over the U.S. jobs market, the figures were most likely distorted by Hurricane Florence. On the bright side there was an upwards revision to the previous month, with employers adding 270,000 jobs\u00a0in August compared to the initial forecast of\u00a0 201,000. Today\u2019s key takeaway was the fact that the unemployment rate fell to its lowest level since 1969, while average hourly earnings rose 0.3% MoM and 2.8% YoY in line with expectations. With the Federal Reserve likely to recognize the slight blip in September\u2019s NFP as the product of hurricane disruptions, the outlook for the Dollar points to further upside.<\/p>\n<p>In regards to the\u00a0technical picture, the Dollar Index remains bullish on the daily charts. However, sustained weakness below 96.00 could trigger a technical correction towards 95.30.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><em><strong>Disclaimer:\u00a0<\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\" rel=\"noopener\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The Dollar weakened against a basket of major currencies on Friday afternoon as investors digested September\u2019s mixed U.S. jobs data. The U.S. economy added 134,000 jobs in September, missing the forecast of 185,000. Although under normal circumstances the headline disappointment may have triggered concerns over the U.S. jobs market, the figures were [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-134973","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=134973"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134973\/revisions"}],"predecessor-version":[{"id":134977,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134973\/revisions\/134977"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=134973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=134973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=134973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}