Today is going to be a bit empty on the data front. The only highlights will be the Eurozone unemployment rate and the US ADP report. The Eurozone unemployment rate is expected to remain unchanged at 6.4%, while the US ADP is seen at 120K jobs added vs. 99K in the prior month.
We will also hear some more from central bank speakers although there’s nothing new they can say as the market has already fully priced in a 25 bps rate cut for the ECB in October and the Fed has yet to see the NFP and CPI reports.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
Related Articles
Trade ideas thread – Thursday, 3 October, insightful charts, technical analysis, ideas
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas,...
USDJPY retests the highs from last Friday
The USDJPY is trading to a new high at 146.47. In doing...
Goldman Sachs: Be careful with USD shorts, EUR/USD could head to 1.0950
Goldman Sachs notes a notable shift in market sentiment regarding widespread short...
Barkin Q&A: ‘Last mile’ of inflation may still take longer than expected
US debt level is a concern in the long termWorried price pressure...
Leave a comment