FX Price Action Defines DXY Direction

Fundamental v. Technical Market Movers:

DXY v. DXM15

The ‘Devil is in the Details’ sure does have quite an effect; as the ADP employment report have missed expectations which showed a 169k growth in the private sector jobs in April, well below the expectation of 190k. And the prior month's figure has also been revised lower from 189k to 175k. The initial catalyst to a bear reaction move for the USD which re-affirms the market call signifying a near-term corrective move for the US Dollar effectively a more positive and direct move that would affect CABLE, EURO and the EURO/GBP Cross rate.

Technical Perspective: DXY v. DXM15 Futures
FX Price Action Defines DXY Direction