It's been a relatively calm session in terms of news and data releases. The ECB members were out in full swing making victory laps on inflation and the soft landing. They didn't offer anything in terms of forward guidance though but at least one last rate cut remains the base case.
The most noteworthy news was the report from Bloomberg saying that the BoJ was to consider smaller reductions to its bond buying. This should be yen negative given that the BoJ would buy more bonds than previously expected under their bond tapering plan but the market hasn't reacted much to the news.
In the markets, there's some relative calm as traders await the US NFP report. US equities and bitcoin continued to recover the losses experienced late yesterday when the spat between Musk and Trump broke out.
Things got back to normal when we got the news overnight that Trump said to Politico in a brief call that things with Musk were going well and that the White House aides scheduled a call Friday with Musk to broker a peace. A White House source a couple of minutes before this wrap up told Reuters that there was no plan for a call between Trump and Musk.
In the American session, we have the Canadian Employment data and the US NFP report coming up. But watch out also for potential Musk-Trump headlines.
This article was written by Giuseppe Dellamotta at www.forexlive.com.Hence then, the article about forexlive european fx news wrap awaiting the nfp report was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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