Forex Top Team

The dollar plunged in response to weak US employment statistics

The dollar plummeted temporarily in response to weak US employment statistics. The dollar-yen pair fell to the 109.63 level as the yield on 10-year US Treasury bonds temporarily dropped to the 1.26% level. Eurodollar was bought up to 1.1909 level and Pounddollar was bought up to 1.3867 level.

However, after the dollar short has run its course, it can be bought back at once. Yields on 10-year US Treasury bonds have risen sharply from the 1.26% range to the 1.31% range.

The increase in the number of US non-farm payrolls slowed to 235,000 in August. The preliminary forecast was revised upward from 733,000 to 10.53 million in July last year. On the other hand, the unemployment rate fell from 5.4% to 5.2% as expected.

It is assumed that USD shorts will continue to expand. From here, I’m currently buying GOLD.

Currently, the power balance at 15 minutes is


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