In today’s market overview, we analyze the dramatic market reaction to Friday's US labor market data (NFP). The weak report caused a massive sell-off in the US Dollar, triggering strong reversals in major currency pairs and commodities.
We discuss the "Weekly Absorption" signal on the Australian Dollar, the new long trends for EUR/USD and GBP/USD, and the hunt for liquidity in Gold. Special attention is paid to Bitcoin as it "flies into space" towards the $100,000 mark, and Oil aiming for $80.
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