The problem for USD is that traders will look to sell it sharply into any kind of data weakness. Yes, some data turn to be positive for the greenback but "short lived effect" that is reversed as soon as any weak report is out after that.
I do expect a strong labour report, giving fresh and brief rally to US currency, but to be short lived and more like a profit taking than reversing a position.
Traders will look to buy EURUSD from dips in such event.
I say that for a reason, because with all Fed speakers being hawkish, market failed to react to any hawkish comment that they won't cut rates soon. This is a big signal that market is looking elsewhere, and indeed US currency needs more than a strong Non Farm Payroll to make a "significant" rally.
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