NFP is hitting the Markets

NFP has come to help the markets once again. As January Jobs reports added momentum, showing a better than expected results with the help of strong corporate earnings as well with the nearly solved China-US talks. The dollar might be heading towards 99.5 this time hitting hard on its counter parts as we are looking into a stronger economy. This could in the medium term cause a sell off of dollar pairs as market participants seek to decipher the inherent state of the global economy. Economist has also predicted that the current Coronavirus epidemic is not a long-term economic event. All of these is contributing into a rising dollar.