Rates Rethink After Strong U.S. Jobs Data Could Disrupt Markets
The aftermath of unexpectedly robust U.S. employment figures could potentially upend various trades hinged on declining interest rates. Should this stronger-than-anticipated economic growth prompt a substantial reassessment of the Federal Reserve’s approach to cutting borrowing costs, investors may need to reconsider their positions significantly.
Technical Analysis:
The price is expected to consolidate within the range of 5732 and 5784 until a breakout occurs. A close below 5732 on the 1-hour or 4-hour chart is likely to trigger a decline towards 5708, with a further drop potentially reaching 5675.
Conversely, if a 4-hour candle closes above 5732, the price may advance to 5784, with stability above this level paving the way to 5840.
Key Levels:
Pivot Point: 5732
Resistance Levels: 5749, 5784, 5820
Support Levels: 5708, 5675, 5643
Trend Outlook:
- Bearish below 5732
- Bullish above 5749