{"id":149182,"date":"2019-06-07T09:33:37","date_gmt":"2019-06-07T13:33:37","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=149182"},"modified":"2019-06-07T09:33:37","modified_gmt":"2019-06-07T13:33:37","slug":"dismal-us-jobs-report-deals-dollar-knockout-blow","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/dismal-us-jobs-report-deals-dollar-knockout-blow\/","title":{"rendered":"Dismal US jobs report deals Dollar knockout blow"},"content":{"rendered":"<div id=\"inves-3414601577\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 7, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><div class=\"author-container\">\n<div class=\"author-description\"><span class=\"author-description-author\"><strong>By Lukman Otunuga, Research Analyst, <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/strong><br \/>\n<\/span><\/div>\n<\/div>\n<div class=\"article-body\">\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>King Dollar was dealt\u00a0a knockout blow on Friday afternoon after US Non-Farm payrolls printed well below market expectations.<\/p>\n<p>The US economy added only 75k jobs against the 185k expected in May while wage growth disappointed by rising 0.2% versus the 0.3% m\/m expectations. Although the unemployment rate held at a 49-year low of 3.6%, the overall flavour of the report is quite bitter and this continues to be reflected in the Dollar\u2019s valuation. Market speculation over the Federal Reserve cutting interest rates is set to intensify following today\u2019s dreadful jobs report. With labour markets showing some cracks and concerns rising over ongoing trade tensions impacting the US economy, Dollar bears may take full control of the driver\u2019s seat sooner than expected.<\/p>\n<p>Looking at the technical picture, the Dollar Index (DXY) remains under pressure on the daily charts. A weekly close below 96.50 is seen opening a path towards 96.00 in the short to medium term.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><em><strong>Disclaimer: <\/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<\/div>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"https:\/\/www.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=\"https:\/\/www.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 noreferrer\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Lukman Otunuga, Research Analyst, ForexTime King Dollar was dealt\u00a0a knockout blow on Friday afternoon after US Non-Farm payrolls printed well below market expectations. The US economy added only 75k jobs against the 185k expected in May while wage growth disappointed by rising 0.2% versus the 0.3% m\/m expectations. Although the unemployment rate held at [&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-149182","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149182","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=149182"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149182\/revisions"}],"predecessor-version":[{"id":149184,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149182\/revisions\/149184"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=149182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=149182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=149182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}