📆 US jobs data to be released at 1:30 pm BST
European trading session has been rather calm so far. Major European indices post small gains while US futures hold near all-time highs. USD is the strongest G10 currency today. Things are about to get interesting in less than an hour as the US NFP report for July will be released at 1:30 pm BST. Market expects that 900k jobs have been added by the US economy last month. However, ADP data released on Wednesday disappointed and showed a mere 330k addition. Nevertheless, markets were rather unimpressed by NFP misses in recent months and tended to move higher regardless of beat or miss. Meanwhile, USD moved lower following most of the past 12 NFP releases and gold benefitted.
Will it be the same this time? We shall see at 1:30 pm BST. US dollar has been on the rise this week and EURUSD pulled back from the 1.1880 resistance zone. The main currency pair is currently testing the psychological 1.18 mark and breaking below would pave the way for a retest of recent local lows of 1.1750.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
