The non-farm data went from a previous value of 3.6 to the published 22.7. I can’t say it’s falsified; I can only say the hurricane was too strong, causing such large fluctuations in the data. Last month's CPI was 2.6, and it is expected that this time it will be higher than 2.6, estimated to be between 2.7 and 2.9. Coupled with the historical behavior of the Federal Reserve not lowering interest rates consecutively, the probability of a rate cut in December is getting smaller. A rate cut is a favorable expectation, while not cutting rates is a negative.

Recently, most currencies have reached pressure points on a weekly level. What do you think? Click on the weekly chart and look at the previous highs. If the currency you bought has reached this position, it is likely to pull back and consolidate before pushing up again. If your entry price is very low, you might consider holding through the pullback; if your price level is relatively good, it is recommended to take profits and re-enter on the pullback.

Many people prefer to hold on without selling, which is fine. The main reason is the inability to judge pullbacks and entry points, fearing they might miss out on a rally. If you can judge more accurately and manage your positions well, the returns on a currency can multiply by 5-10 times (FTT is a good example, as I mentioned in a previous article).

Considering the economic trends, past experiences, and currency analysis, the risks increase as time goes on; we must respect the market.

In December, be sure to be vigilant during the 18-25 days.