📉 Dollar Selling Continues – JOLTS Job Openings in Focus Today!
The USD downtrend persists, with today’s JOLTS Job Openings (January) report being the key event.
Recent weak U.S. economic data has reinforced USD selling, and if the job market shows further signs of deterioration, the bearish USD trend could accelerate.
At the same time, GOLD (XAU/USD) has been rebounding in the short term, providing a potential dip-buying opportunity.
📊 Market Overview & Key Focus Areas
💵 U.S. Dollar (USD)
- The USD downtrend has continued since the start of 2025, with momentum accelerating in March.
- Weak U.S. economic indicators are adding pressure to USD selling (last week’s NFP also failed to support USD).
- Trump administration has not openly acknowledged recession risks, but market uncertainty is rising instead.
📌 If today’s JOLTS Job Openings (expected: 7.6M) falls significantly short, USD selling could intensify further.
📈 JOLTS Job Openings Key Factors
- Market forecast: 7.6M (same as previous month)
- If job openings remain below 8.0M, labor market weakness becomes more evident
- The lagging impact of Fed rate hikes is starting to affect employment
- Trump’s tariff policies are slowing corporate hiring and investment
📌 If JOLTS data is weak, expect further USD selling & GOLD buying!
💶 Euro (EUR)
- Germany’s uncertain fiscal policies are weighing on EUR
- “Germany’s Green Party to reject Merz’s debt package proposal” → Adding uncertainty to stimulus plans
- EU’s financial burden from Ukraine support is increasing pressure on the euro
📌 If debt policies proceed smoothly, EUR could gain. If negotiations stall, EUR may face selling pressure.
📈 GOLD (XAU/USD)
- Recent rebound continues, providing short-term buying opportunities
- If JOLTS job data disappoints, GOLD could rally further
- Ongoing U.S. economic uncertainty & inflation fears keep demand strong
📌 Look for dip-buying opportunities in GOLD if short-term corrections occur
📆 Key Economic Events Today
| Event / Data | Impact | |
|---|---|---|
| U.S. JOLTS Job Openings (Jan) | High | |
| Speech by Olli Rehn (Finland’s Central Bank Chief) | Medium | |
| U.S. 3-Year Treasury Auction ($58B) | Low |
📌 JOLTS Job Openings is today’s most important event!
📌 Summary & Trading Strategy
- The JOLTS Job Openings report at 23:00 JST will likely dictate USD’s direction
- A weaker-than-expected report could trigger more USD selling & GOLD buying
- EUR’s direction depends on Germany’s fiscal policy progress
- GOLD is in an uptrend—watch for potential dip-buying opportunities
📌 Basic Trading Strategy:
1️⃣ If JOLTS Job Openings are weaker than expected: → Buy GOLD, Sell USD/JPY
2️⃣ If JOLTS Job Openings are stronger than expected: → Short-term USD buying may occur (wait and see approach recommended)
🚀 All eyes on JOLTS data —let’s trade smart!
