Dollar is stable. Forecast as of 08.01.2024

Following a strong US jobs report, the EURUSD dropped and rose, followed by a drop again. What influenced the pair, and where will it go next? Let us discuss the Forex outlook and make up a trading plan.

Weekly US dollar fundamental forecast

The US jobs report for December was received with optimism by both greenback bulls and bears, making the EURUSD jump up and down. An acceleration in average wages to 4.1%, stable unemployment at 3.7%, and 216,000 new jobs reduced the chances of the Fed's first monetary easing in March from 88% a week earlier to 65%. At… Read full author’s opinion and review in blog of #LiteFinance