Dollar surprises and wins. Forecast as of 05.02.2024

Impressive growth in non-farm payrolls has lowered the chances of a federal funds rate cut in March below 20%, pushed up Treasury yields, and strengthened the US dollar.  Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly US dollar fundamental forecast

Investors are saying goodbye to the idea of a March federal funds rate cut following an unexpectedly strong US jobs report. Employment increased by 353,000 in January, the best result over a year, and data for November and December were revised up by a total of 126,000. As a result, non-farm payrolls increased by… Read full author’s opinion and review in blog of #LiteFinance