Up and down day for the USD.
Today's NFP report was very good news for the USD, with all aspects pointing to a push back on rate cuts next year. The dollar strengthend accordingly. But later in the day, consumer inflation expectations and consumer confidence threw a spanner at dollar strength and the market was left wondering which way to turn. Soft landing and rate cuts next year, or higher for longer rates putting pressure on the world economy? All eyes now turn the next Wednesday's FOMC and Mr Powells future guidance.
Today's EUR USD trade has been closed at just about break even (-0.2) to avoid weekend risk. Which brings to a close a mildly disappointing week. But that's ok, stay positive and focus on making good decisions and over time the account ends in profit.
Weekly review to follow, enjoy your weekend.