USD can't believe its luck. Forecast as of 09.10.2023

EURUSD jumped to 1.06 instead of consolidating below 1.05 after the release of a strong US jobs report. The decline in Treasury yields became the reason for the rally. Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

According to the September labor market report, the US economy is growing! Employment increased by 336 thousand (the highest pace in eight months). Data for August and July were revised upward. Unemployment has been at historical lows for the longest time in the last half-century. The best performance is recorded in industries (including education and healthcare) that… Read full author’s opinion and review in blog of #LiteFinance