US Dollar Rises as Key Payrolls Data and Tariff Ruling Approach
- Employment Data Impact: The February non-farm payrolls report is expected to show an addition of approximately 180,000 jobs, with analysts focusing on wage growth and labor participation rates to gauge inflationary pressures, which will influence the Fed's interest rate policy.
- Tariff Ruling Outlook: The WTO is set to rule on the tariff dispute between the US and EU, potentially affecting billions in trade flows; a ruling favoring tariff reductions could boost the euro, while an escalation could further strengthen the dollar.
- Market Dynamics Analysis: The DXY dollar index is testing a critical resistance level near 105.00, and a sustained break above this level could open the path toward 2024 highs, reflecting strong market demand for the dollar.
- Consumer and Business Impacts: A stronger dollar will lower import prices for American consumers but may make US exports more expensive abroad, impacting the competitiveness of domestic manufacturers and agricultural producers.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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