The US Dollar Index had a fairly volatile session Thursday, but with the Nonfarm Payroll Numbers coming out today, it was never going to really make much
The US Dollar Index had a fairly volatile session Thursday, but with the Nonfarm Payroll Numbers coming out today, it was never going to really make much of a move. We believe that the market is eventually going higher, but we may have a rather volatile session today, so at this point in time we are perfectly comfortable standing on the sidelines and waiting to see how the day shakes out eventually. Ultimately, we still think this market is probably trying to get back to the 100 level. As far selling is concerned, we have no interest.
US Dollar Index Forecast August 7, 2015, Technical Analysis
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
