Last week the USD Price Index turn from to by breaking resistance fractals and now currently hibernating in the Kumo Cloud. I can see the Chikou Span is crossing the price. I can see the Price has managed to form an . I'm waiting for the Kumo Span A crossing the Span B to confirm the Bull trend.
U.S. manufacturing growth remained unchanged in April, posting 51.5. The reading was lower than the 52.1 anticipated by,analysts. New orders increased to 53.5 from 51.8 in March but employment,fell to contraction. However, April’s figure still reflects growth. The manufacturing sector os expected to expand further to 52.8.
US Private sector employment increased by 169,000 jobs in April according to the April ADP National Employment Report. The reading missed,predictions for a 199,000 gain and was preceded by a 175,000 increase in March. April job gains fell below 200,000 for the second straight,month. However, the collapse of oil prices and the rising dollar weighed on job creation. US Private sector is forecasted to grow by 200,000 in May.
Fundamentally US will print NFP report for this week as it is the first month of June. Will the Dollar releasing a Bull? On the debate of weather and what the Chikou - KJ tells..yet again the bright Kumo will confirm a new trend ahead. I am aggressively say yes its a long towards 98-99.2 mark.
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