This is my opinion.
We see that the US data in last Friday were mixed, Unemployment rate fall from 7.4% to 7.3% and Non-farm payrolls was worse than expected, only 169K jobs were created while analysts expected 180K - 200K.
This has been raising the uncertainty about Fed could cut its massive bond-buying program in this month, more exactly next week. Gold, Oil, Swiss France, Yen and Canadian dollar are safe-haven, thus it could be stronger at anytime when market is not sure what would happen.
There is no problem if someone here has long-term plan because sooner or later, Fed will taper by the end of this year. But if you plan to trade this week, you should be cautious because at this time, it's difficult to know which sentiment on US dollar is prevailing.
I think the good choice is be patient, wait for next week and then we'll know the true.
We see that the US data in last Friday were mixed, Unemployment rate fall from 7.4% to 7.3% and Non-farm payrolls was worse than expected, only 169K jobs were created while analysts expected 180K - 200K.
This has been raising the uncertainty about Fed could cut its massive bond-buying program in this month, more exactly next week. Gold, Oil, Swiss France, Yen and Canadian dollar are safe-haven, thus it could be stronger at anytime when market is not sure what would happen.
There is no problem if someone here has long-term plan because sooner or later, Fed will taper by the end of this year. But if you plan to trade this week, you should be cautious because at this time, it's difficult to know which sentiment on US dollar is prevailing.
I think the good choice is be patient, wait for next week and then we'll know the true.
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