Market Insight: Majors & Crosses lll

With the USD (DXY) finally reaching our target range between 83.20-83.50 along side the USDJPY moving higher above the 100.00 levels, Wednesday’s ISM non-manufacturing survey would provide valuable insight about Friday’s Non-farm payrolls (NFP) report.

This would likewise provide a volume and price action-pickup before and after these reports. With only a day to go before Friday’s US non-farm payrolls report, the US dollar Index have managed to extended its gains across the board with the majors by reaching the 83.50 all important level. while other currency pairs have initially broke key technical levels, the lingering follow-through may hold the final switch as to when exactly would this occur...is the question. That's is why a market price squeeze would be a normal behavior to see in a thinly traded market condition. Click to continue