It's been a pretty boring session in terms of newsflow. On the data side, the highlights were the UK retail sales report and the Eurozone final Q2 GDP. The UK data beat expectations, while the Eurozone data came in line with the forecast. The reaction though was muted given that the attention was on the US NFP report.
On the markets side, we basically extended the dovish positioning into the NFP that started yesterday after all the US data releases. The market looks confident that we will get another cool report.
Interestingly, to a question on the NFP report, Trump yesterday told reporters: “They come out tomorrow, but the real numbers that I’m talking about are going to be whatever it is, but will be in a year from now on". People speculated again that the numbers might be lacklustre. This might be another reason for the dovish moves we've seen throughout the session.
Now we just wait for the US and Canadian jobs data before wrapping up the week.
Have a nice weekend all!
This article was written by Giuseppe Dellamotta at investinglive.com.Hence then, the article about investinglive 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.
Read More Details
Finally We wish PressBee provided you with enough information of ( investingLive European FX news wrap: Awaiting the NFP report )
Also on site :
- Nigel Farage’s Reform UK party receives second big donation from crypto investor
- Blake Shelton Reveals How Him and Gwen Stefani Are 'Stepping it Up' Months After Divorce Rumors Swirled
- Canadian Actress Elle-Máijá Tailfeathers Returns Toronto Film Critics Award in Response to Censorship of Pro-Palestine Speech