On Friday, despite a surprise in the October payrolls report, the market was not affected enough by the data distorted by hurricanes and the Boeing workers' strike to prompt the Fed to cut interest rates sharply, and the dollar index turned V-shaped and nearly recovered all of its weekly losses, ending down 0.4% at 104.31. Treasury yields rebounded from session lows, with the benchmark 10-year yield closing at 4.386 percent. The yield on the two-year Treasury note, which is more sensitive to monetary policy, closed at 4.21 percent. The non-agricultural population is close to zero, but there are too many intervention factors, and the reference value is reduced. But the data was too weak and the previous reading was revised down, which could suggest that the labor market is indeed weakening. However, the unemployment rate remained at 4.1%, defying previous Sam's Law fears. The market further priced follow-up interest rate cut expectations, and the probability of interest rate cut in December has risen. The probability of Trump's victory continues to decline, and it remains to be seen whether the trend can be maintained if Harris is elected. The foreign exchange market is now leaning towards a big Republican victory, according to ING. If so, we suspect the dollar could give up some of its recent gains. And a dovish Fed meeting could exacerbate that move. EUR/USD: First support: 1.0844 First resistance: 1.0918 Second support: 1.08 Second resistance: 1.0949 GBP/USD: First support: 1.292 First resistance: 1.3016 Second support: 1.2854 Second resistance: 1.3046