The US non farm payroll plummeted in October, and the US dollar rose again after a intraday correctionThe US presidential election and the decision of the Federal Reserve are coming this week, and most analysts and retail investors are still bullish on the future
The US presidential election and the decision of the Federal Reserve are coming this week, and most analysts and retail investors are still bullish on the future
Last Friday, despite the unexpectedly weak October non farm payroll report in the United States, the market realized that the distorted data caused by hurricanes and Boeing employee strikes would not prompt the Federal Reserve to significantly cut interest rates. The US dollar index reversed in a V-shape and nearly recovered all the losses of the week, ultimately closing down 0.4% at 104.31. The US Treasury yield rebounded after hitting a new low, with the benchmark 10-year US Treasury yield closing at 4.386%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.21%. Last Friday's data showed that the US non farm payroll report for October showed a significant decline in job creation, with only 12000 new jobs added, far below market expectations of 113000. After the data is released. Spot gold has experienced a slight surge. However, as the US dollar and US Treasury yields remained strong, spot gold subsequently fell, ultimately closing down 0.32% at $2734.98 per ounce. Due to analysts' expectation that Iran's retaliation against Israel will be restrained, coupled with concerns about demand caused by the record high US crude oil production and weak economic data, international crude oil prices have fallen from high levels. WTI crude oil fell nearly $2 from its daily high, ultimately closing down 1.65% at $69.13 per barrel; Brent crude oil closed down 1.57% at $72.86 per barrel.