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What’s Next for the Buck after Dollar Spikes on Jobs Data?

Posted by TopstepTrader on July 09, 2019

The Dollar lit up like a roman candle after the July Fourth holiday. The currency benefited from a stronger-than-expected June jobs report, and its move comes just two days after President Donald Trump suggested that the United States should begin manipulating its currency to better compete with China and Europe.

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Topics: US Dollar, EUR/USD, economic data, USD/JPY

Yen Rally in Jeopardy Ahead of G20, Data Dump

Posted by TopstepTrader on June 27, 2019

Three months of Dollar losses against the Yen could be reversed if Presidents Trump and Xi reach some sort of breakthrough in trade talks this weekend. The event holds important implications for global financial markets, especially those with close ties to China (including Japan). It also comes ahead of important data on the economic front.

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Topics: USD/JPY

Huge Week for the Dollar with Key Data Due Early April

Posted by TopstepTrader on March 31, 2019

The dollar rally faces a test as the first week of April brings a flood of economic data. Take a look at some (certainly not all) of the key statistics due out Monday through Friday:

  • Monday: Retail Sales, Manufacturing
  • Tuesday: Durable Goods
  • Wednesday: ADP jobs
  • Thursday: Jobless Claims
  • Friday: JOBS, JOBS, JOBS

With the U.S. Dollar posting its best monthly gain of 2019 in March, surprises or disappointments in the data will help traders determine whether the rally has legs.

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Topics: Forex, US Dollar, EUR/USD, economic data reports, TopstepFX, USD/JPY

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