This week will usher in a number of heavy data, what will happened on EURUSD?
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Last week’s Non-farm Payrolls data was disappointing, far below expectations, and the US dollar also recorded its biggest one-day drop in 6 weeks, EURUSD rose. On the other hand, wage growth and the unemployment rate (3.9%) fell more than expected, and the market’s expectations for the Fed to raise interest rates increased again. This week will usher in a number of heavy economic data and official speeches, which will provide the market with further clues on the Fed’s interest rate hike and debt reduction.
Trends in EURUSD can pay attention to the US CPI(DEC) (1/12), the number of jobless claims in the US to January 8 (1/13), the US PPI (DEC)(1/13), the US Retail Sales Monthly Rate (DEC)(1/14), and speeches by some Fed officials in this week, which will affect the trend in EURUSD. Investors must Grasp the opportunity to make an order.
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