Today after nonfarm payrolls news the US Dollar USD strengthened on all pairs. The employment change was 248,000 jobs versus 216,000 forecast, which is good for the Us Dollar USD. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.This news drove price movement on all seven of the US Dollar USD pairs we track. Some pairs like the USD/JPY and the NZD/USD had strong movements today, but these pairs are not trending and remain range bound.
Other pairs like the EUR/USD and GBP/USD broke through support levels on the USD strength and are continuing downward in there existing trends on the larger time frames, like the D1 time frame. These two pairs should continue trending down. The USD strength indicators you see below is The Forex Heatmap® forex heatmap, which provides real time trading signals during fores market hours, including after news drivers like non-farm payrolls NFP. World economic news events like nonfarm payrolls generate a lot of price movement and traders can use tools like the heatmap to see more exact trade entry points and generate trading pofits from the USD pairs or any of the 28 pairs we follow.
Non Farm Payrolls News USD Strength