Only an on-going rally in oil could drive the dollar down

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Outlook: Payrolls was pretty good, beating forecasts by a mile and generating the euro spike low that it should, but pro-dollar cheeriness didn’t last past the half-hour mark. The report had only one negative but it was a critical one—after a 0.5% rise in average hourly earnings in Jan, Feb delivered a drop by 0.1%. You can’t get the Phillips Curve to work to generate inflation unless wages rise, no matter how shallow the pile of unemployed seeking work. Note that U-6, the “real” unemployment

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