{"id":23249,"date":"2022-03-07T13:12:00","date_gmt":"2022-03-07T13:12:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=23249"},"modified":"2022-03-07T22:16:37","modified_gmt":"2022-03-07T22:16:37","slug":"dxy-extends-gains-post-positive-job-data","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/dxy-extends-gains-post-positive-job-data\/","title":{"rendered":"DXY extends gains post positive Job Data"},"content":{"rendered":"\t\t
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Midday Update<\/strong><\/p>

Most major currencies continued to tumble against the US Dollar early Monday morning as commodity prices continue to soar amid the Ukraine\/ Russian war.<\/p>

The Dollar Index<\/a> is the strongest among the safe-haven assets leveraged by the Friday employment data in that US indicates serious growth.<\/p>

There will be a round 3 of talks between Moscow and Kyiv and investors are sitting on the edge to see the outcome of the meeting scheduled at 1400GMT.<\/p>

The USD Index surged during Monday morning as investors increased bids on the safe-haven assets. The dollar got a boost from better-than-expected employment data released on Friday. Non-farm payrolls jumped from 481 000 jobs for January to 678 000 for February while the unemployment rate dropped from 4.0% to 3.8% indicating economic recovery amid fading pandemic pains.<\/p>

The index rose 0.77% as bulls attempted a target at 100.00, near-term psychological resistance. The EURUSD<\/a> continued to suffer losses as the investors worried over the impact of the Russian war in the Eurozone.<\/p>

The ECB policy meeting minutes will be released on Thursday and investors are anticipating a policy change as the economy begins to suffer from soaring inflation amid rising commodity prices. On Monday, the EURUSD edged lower reaching 1.0805 near-term low before a rebound, as the Sentix investor\u2019s sentiment indicator showed a huge drop from 16.6 to -7 vs. the expected 5.3 for March.<\/p>

AUDUSD<\/a> shaded off some of its early gains during the European session as the Dollar weighed on the commodity-backed pair. The pair remains bullish in the near term as soaring commodity prices push up the risk-sensitive pair. The pair retraced after hitting 0.7440 which coincides with 8 November 2021 highs and room for expansion to the upside towards 0.7550 is growing.<\/p>

AUDJPY<\/a> extended gains above 85.00, early Monday morning as the Japanese economy takes a hit from soaring commodity prices. The pair is currently trading above the 50-day moving average on a 4-hour chart and a corrective pattern could be due towards 84.30 resistance turned support.<\/p>

US indices closed lower on Friday as better-than-expected US employment data reinforce sentiments of an aggressive rate hike this March. The Nasdaq 100<\/a> lost -1.41% as the price remains capped with 14400 resistance which coincides with a 50-day moving average on a 4-hour chart. The DJIA<\/a> dropped -0.53% after bulls lost momentum below 34000 near-term resistance.<\/p>

The European indices opened lower across the board on Monday, with Dax<\/a> losing -4% with financials and consumer goods (including oil<\/a> and gas<\/a>) leading to the downside. The CAC 40<\/a> was down 2% and bears found a near-term barrier at 5750, a daily low. The FTSE<\/a> is currently down -0.48% and bears seem to scale out profit after finding a near-term low at 6755.0.<\/p>

On commodity markets, Spot Gold<\/a> hit $2000 early Monday as risk-averse investors continue to push the commodity prices higher. The yellow metal breached a near-term resistance at $1975 high prices pushed to $2000 high which was last seen in August 2020.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Midday Update Most major currencies continued to tumble against the US Dollar early Monday morning as commodity prices continue to soar amid the Ukraine\/ Russian war. The Dollar Index is the strongest among the safe-haven assets leveraged by the Friday employment data in that US indicates serious growth. There will be a round 3 of […]<\/p>\n","protected":false},"author":4,"featured_media":13284,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[380,59,590,154,605,639,378,587],"yoast_head":"\nDXY extends gains post positive Job Data - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/dxy-extends-gains-post-positive-job-data\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DXY extends gains post positive Job Data DXY extends gains post positive Job Data\" \/>\n<meta property=\"og:description\" content=\"Most major currencies continued to tumble against the US Dollar early Monday morning as commodity prices continue to soar amid the Ukraine\/ Russian war.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/dxy-extends-gains-post-positive-job-data\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-07T13:12:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-07T22:16:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/08\/GettyImages-918508630.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"553\" \/>\n\t<meta property=\"og:image:height\" content=\"299\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"DXY extends gains post positive Job Data DXY extends gains post positive Job Data\" \/>\n<meta name=\"twitter:description\" content=\"Most major currencies continued to tumble against the US Dollar early Monday morning as commodity prices continue to soar amid the Ukraine\/ Russian war.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/dxy-extends-gains-post-positive-job-data\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/dxy-extends-gains-post-positive-job-data\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"DXY extends gains post positive Job Data\",\"datePublished\":\"2022-03-07T13:12:00+00:00\",\"dateModified\":\"2022-03-07T22:16:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/dxy-extends-gains-post-positive-job-data\/\"},\"wordCount\":477,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"AUD\",\"CAC\",\"DAX40\",\"DXY\",\"EUR\",\"OIL\",\"RUSSIA\",\"Ukraine\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/dxy-extends-gains-post-positive-job-data\/\",\"url\":\"https:\/\/youtrading.com\/en\/dxy-extends-gains-post-positive-job-data\/\",\"name\":\"DXY extends gains post positive Job Data - 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