With European data continuing to worsen but Nonfarm Payrolls beating expectations, Michael Hewson asks whether the dollar is looking overly bullish and due for a pullback.
- Gold‘s triangular consolidation has key support at $1,180 but any move lower may encounter production cuts which should support the price
- USD/JPY managed to hit ¥110 but reversed and may now target ¥106 on a break of ¥108
- Following 12 consecutive weeks of decline, EUR/USD posted a ‘tweezer bottom’ which may encourage a short squeeze towards $1.27
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Video content by Michael Hewson of CMC Markets.