Dollar forecast: NFP, majors, Gold, US indices outlook [Video]

Jasper Osita Independent Analyst

Post-NFP outlook: Where is the US Dollar headed next?

With Non-Farm Payrolls (NFP) coming in hotter than expected, all eyes are now on how the U.S. dollar will respond in the days ahead.

NFP recap: Strong print supports Dollar bid

Friday’s NFP data beat forecasts, signaling continued resilience in the U.S. labor market. Here’s what stood out:

Actual NFP: Surpassed expectations.
Unemployment rate: Held firm.
Wage growth: Above forecast and previous.

This stronger print reinforces the "higher-for-longer" narrative for interest rates, a key tailwind for the greenback.

Implication? A robust labor market allows the Fed to stay hawkish, boosting U.S. yields and USD demand.

In this week’s game plan, we’ll analyze key dollar dynamics, gold reaction, and U.S. indices performance to map out possible trade opportunities.

Author

Jasper Osita

Independent Analyst

Jasper has been in the markets since 2019 trading currencies, indices and commodities like Gold. His approach in the market is heavily accompanied by technical analysis, trading Smart Money Concepts (SMC) with fundamentals in mind.

EUR/USD flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.