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US Oil Swing Trade in Profit + Dollar Falls on NFP

US Oil Swing Trade in Profit + Dollar Falls on NFP

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Today's Non-Farm Payroll release did not disappoint as the US Economy was able to add 49,000 jobs and drop unemployment to 6.3%. Despite the positive result, the Dollar finds itself down -0.57% for the day. Traders should not put too much…
GBPUSD Profits +US Oil Long in Profit

GBPUSD Profits + US Oil Long in Profit

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After breaching 91.00, the DXY had a hard time going any higher than 91.20. With this brief moment of weakness, trade setups for GBPUSD and US Oil were able to move into profit. Price action analysis for GBPUSD showed a potential rally back…
GBPUSD Intraday Long + US Oil Swing Entered

GBPUSD Intraday Long + US Oil Swing Entered

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The Dollar is trying to muscle its way through previous highs but is having a hard time at 91.200. This was the previous high made before 2020 ended. As it struggles, certain pairs and commodities are gearing up for moves to the upside. There…
USD Mixed NFP Reaction + NZDCAD At Key Level

USD Mixed NFP Reaction + NZDCAD At Key Level

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Today's Non-Farm Payroll release results were mixed, but the US Dollar Index (DXY) was set on moving higher. As the majors adapt to the DXY, NZDCAD has found itself in a unique situation. The unemployment rate for the US economy came in at…
USD Mixed NFP Reaction + NZDCAD At Key Level

Non Farm Payroll (NFP) Tomorrow, Can EURUSD Fall Because of ADP, GBPUSD Up +130 pips

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Welcome Traders to another live session. This week has dwindled down and is almost over. We had the ADP release earlier in the morning, the numbers were better than expected and thus, USD strength was observed across most pairs. Last night during…