Last Friday, the figure of Non Farm Payrolls climbed to 224,000, which is better than expected 160,000. After the figure released, US Stocks fell and Dollar raised. This indicates Feb has a few chance to decrease interest rates.
 
The next interest rate will announce in three weeks later. This very positive payroll will highly influence the decision. The CPI and PPI will release this week. Before the interest rate announce, the other important figure is retail sales.
 
In technical side, Euro Dollar face a down trend, and it seems like the price break out the uptrend resistance level. If it can hold stable these days, there may be a further down trend.

After a positive figure on Non-farm Payrolls, Dollar raise

Canyu Yang

Dec 01 2020

Stop Loss -1.00%

Holding time 434d 2hr

1.12080

Entry price

1.13200

Stop loss price

1