Post #15808

Blowout NFP Report Surprises at 130K Added Jobs Dollar Index bounced cleanly off the $96 support level we highlighted. That level held, and price is now rotating higher as buyers step back in. Strong U.S. labor data gave the dollar fuel. NFP printed 130K vs 70K expected, and unemployment ticked down to 4.3%. That reinforces the “resilient economy” narrative and supports the idea that the Fed can stay patient on cuts. Traders reduce bets on Fed rate cuts for June and fully price in the next cut by July. EdgeFinder's scenario backtests show that 25%+ upside NFP surprises have historically aligned with sustained USD strength, with forward DXY returns improving over longer horizons. - Alan