Another 48h - Godzilla US Labor Market Data Sends DXY Bullish

2025/01/10
Another 48h - Godzilla US Labor Market Data Sends DXY Bullish
“a monster, just godzilla, us labor market report today send dxy!
price action justified? euphoria - so sell? or does it start now?”

On the one hand, the US economy created significantly more jobs in December 2024 than expected. But on the other hand, to my surprise, the US unemployment rate fell completely unexpectedly. “The unemployment rate in the United States went down to 4.1% in December of 2024 from 4.2% in the previous month, below market expectations of 4.2%.” - which surprised me. Because I had expected a weaker in the event of a low US unemployment rate. But the market, i.e. the traders and investors, decided differently and drove the price action up. Because they focused on the strong newly created positions, if I am not wrong - which I consequently didn't expect also. "The US economy added 256K jobs in December 2024, the most in nine months, following a downwardly revised 212K in November, and once again beating market forecasts of 160K." - that was and is a hammer! Pretty bullish outlook for the now! But more on that at the weekend. That should be enough for today - the numbers speak for themselves. Also in the case of the United States Jobless Claims 4-week Average "The 4-week moving average for the initial jobless claims in the US which excludes week-to-week volatility, fell to 213K in the week ended January 4th 2025, the lowest since the last week of April, compared to 223.5K in the previous period." That's why exploded today. But more on the basics at the weekend - and then on Monday as usual about the daily price action.

“The main obstacle to further progress on the resource curse is China, and to a lesser extent India.”
George Soros

109.699 : 2025/01/10 - last price action
109.533 : 2025/01/02 - annual high 2025
109.378 : 2025/01/08 - today's intraday high
109.206 : 2025/01/03 - friday high (us trading)
108.583 : 2024/12/31 - Annual Year High 2024
108.753 : 2025/01/06 - monday high (intraday sell-off)
107.739 : 2024/12/30 - 2nd last low 2024
107.587 : 2024/12/20 - last low 2024
107.348 : 2023/10/03 - Annual Year High 2023
I think that the price action and/or hopefully my drawn lines and incl. patterns speak for themselves! So, as written, more on the basics at the weekend - and then on Monday as usual about the daily price action.

With best wishes
and good intentions:
Aaron

Another 48h - DXY ... is pure information material.
By trying to give you even more information about the DXY every day to make even better trading decisions (buy/sell or do nothing). The goal of each day is from my side that you say to yourself after reading my daily analysis (Another 48h - DXY ...): "I didn't notice that before!" Because then you have received new information; yes - maybe even learned something!? If, yes? Then give me a like - and continue reading tomorrow! Concrete 4XSetUps with entry price, target price and also stop price are available in the daily 4XSetUps...

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