{"id":150980,"date":"2019-07-05T12:52:13","date_gmt":"2019-07-05T16:52:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=150980"},"modified":"2019-07-05T12:52:13","modified_gmt":"2019-07-05T16:52:13","slug":"dollar-turbocharged-by-goldilocks-jobs-report","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/dollar-turbocharged-by-goldilocks-jobs-report\/","title":{"rendered":"Dollar turbocharged by \u201cGoldilocks\u201d jobs report"},"content":{"rendered":"<div id=\"inves-670319960\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 5, 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, <\/strong><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\"><strong>ForexTime<\/strong><\/a><\/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>Appetite towards the Dollar sweetened on Friday afternoon as investors digested the mixed US jobs report for June.<\/p>\n<p>The Dollar appreciated against every single G10 currency as markets cheered the fact that the United States added an impressive 224,000 jobs to its economy last month.<\/p>\n<p>However, with the unemployment rate slightly up at 3.7% and average earnings disappointing by rising 0.2% in June, below the expected 0.3% &#8211; the jobs data is certainly a mixed bag. Today\u2019s report is likely to complicate the Federal Reserve\u2019s decision to cut interest rates this month, especially if economic conditions in the United States continue to stabilize leading up to the Fed policy meeting.<\/p>\n<p>This sentiment is reflected in the Dollar\u2019s appreciation with further upside expected as investors start to re-evaluate whether the Fed will pull the rate cut trigger. Taking a look at the technical picture, the Dollar Index is trading marginally above 97.10 as of writing. A weekly close above 97.00 may inspire an incline towards 97.50.<\/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 Appetite towards the Dollar sweetened on Friday afternoon as investors digested the mixed US jobs report for June. The Dollar appreciated against every single G10 currency as markets cheered the fact that the United States added an impressive 224,000 jobs to its economy last month. However, with the unemployment [&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-150980","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150980","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=150980"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150980\/revisions"}],"predecessor-version":[{"id":150982,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150980\/revisions\/150982"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=150980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=150980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=150980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}