- Post-NFP setups we’re tracking this week
- Updated targets & invalidation levels
- Looking for trade ideas? Review DailyFX’s
Friday’s ‘’ Non-Farm Payrolls may have fueled strength in the greenback, but the broader outlook for monetary policy remain unchanged with Fed Fund Futures still calling for a 70% likelihood the Fed will look to raise rates in December. That said, the dollar crosses remain in focus heading into the start of the week with the indices flirting with key resistance zones. Keep in mind we have minutes on Wednesday followed by Advanced Retail Sales on Friday.
While some may be tempted to get involved in the sterling sell-off, extreme caution is warranted. remains the best candidate of the crosses with the weekly opening-range taking shape just below the August lows. We also took a close look at commodities today amid the recent volatility in oil, & .
Key technical setups discussed on USDOLLAR, DXY, , , , , , GBPJPY, , Gold, & Silver. Continue tracking these setups and more throughout the week- Subscribe to and take advantage of the DailyFX New Subscriber Discount.
Help fine-tune you entries, click here to learn more about the
—Written by Michael Boutros, Currency Strategist with DailyFX
Follow Michaelon Twitter contact him at firstname.lastname@example.org or to be added to his email distribution list
Join Michael for Live Scalping Webinars on Mondays on and Tuesday, Wednesday & Thursday’s on at 12:30 GMT (8:30ET)