{"id":152707,"date":"2019-08-02T11:45:56","date_gmt":"2019-08-02T15:45:56","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=152707"},"modified":"2019-08-02T11:11:15","modified_gmt":"2019-08-02T15:11:15","slug":"dollar-steady-on-positive-us-jobs-report","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/dollar-steady-on-positive-us-jobs-report\/","title":{"rendered":"Dollar steady on positive US jobs report"},"content":{"rendered":"<div id=\"inves-2602066808\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 2, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong><span class=\"author-description-author\">By Lukman Otunuga, Research Analyst<\/span> <\/strong><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\"><strong>ForexTime<\/strong><\/a><\/p>\n<div class=\"article-body\">\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>The argument against another Fed interest rate cut was slightly boosted on Friday afternoon after the United States added a solid 164,000 jobs to its economy last month.<\/p>\n<p>With unemployment near a 50-year low at 3.7% and average earnings edging up to 3.2% from 3.1% year-on-year, the US economy remains a better position in comparison to everyone else. However, job gains for the two previous months were revised downwards by a total of 41,000.<\/p>\n<p>Today\u2019s jobs report is unlikely to impact the Federal Reserve\u2019s monetary policy path and this sentiment was reflected in the Dollar\u2019s muted reaction. While economic data from the United States will influence rate cut speculation, the driving factor behind future monetary easing will revolve around US-China trade developments.<\/p>\n<p>Taking a look at the technical picture, the Dollar Index is hovering around 98.30 as of writing. A weekly close below 98.00 could trigger a move back towards\u00a097.50 in the week ahead.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.forextime.com\/images\/maa\/_dxydaily_126.png\" alt=\"\" \/><\/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 The argument against another Fed interest rate cut was slightly boosted on Friday afternoon after the United States added a solid 164,000 jobs to its economy last month. With unemployment near a 50-year low at 3.7% and average earnings edging up to 3.2% from 3.1% year-on-year, the US economy [&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-152707","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152707","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=152707"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152707\/revisions"}],"predecessor-version":[{"id":152711,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152707\/revisions\/152711"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=152707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=152707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=152707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}