BountyTrader
Long

The Recovering Dollar

INDEX:DXY   U.S. Dollar Index
Demand for the US Dollar             revived at the beginning of the new week ahead of the US labor market release. The figures came out surprisingly strong: May NFP equaled to 280K. What’s more, average earnings growth index overcame the forecast, rising to 2.3% (highest since 2009             ). The data increase expectations for a Fed’s rate hike at the coming meetings. Growing income could support the consumer activity in the coming months.

Price is currently below the Kumo while Kijun and Tenkan Sen has previously crossed. Chikou Span also crossed the price and I'm still waiting the Span A to cross the Span B and the price to break the Kumo to confirm the new trend with previous Hammer candle pattern.

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