Headlines:
Markets:
It’s all about the US jobs report as we look to the final stretch of the week.
The dollar is trading more mixed in general, with the euro continuing to scale higher and eyeing the next leg up ahead of the weekend. EUR/USD moved up from 1.0820 earlier to a high of 1.0870 before backing off slightly now to 1.0850.
The gains in the single currency is also keeping regional currencies buoyed with GBP/USD up 0.2% to 1.2910 and USD/CHF down 0.4% to near 0.8800 on the day.
While the dollar struggles there, it is making some headway against commodity currencies with USD/CAD up 0.2% to 1.4325 while AUD/USD is down 0.5% to just under 0.6300. On the latter, there are large option expiries at the figure level helping to anchor the pair at least until we get to US trading.
In other markets, stocks are being pressured lower and the nervous tension is starting to pick up now with less than an hour before the US jobs report. European indices are surrendering gains on the week, with only the DAX staying above water at this stage. Meanwhile, US futures are also moving down to hold marginal gains after a steadier mood earlier in the session.
The risk got ugly yesterday in US trading and I fear that even with a reprieve from the non-farm payrolls data, the bout of selling may return later on in the day. And if the data warrants a selloff straight off the bat, things could get even uglier ahead of the weekend.
Welp. Let’s see what the jobs report has to offer. It’s going to be one of the bigger ones to watch out for. So, even if you’re not keen on the volatility, you can always bring out the popcorn to watch the chaos unfold. 🍿
(Reuters) - European shares fell on Friday as frequent shifts in U.S. trade policy throughout the week resulted in risk aversion, while focus remained on th
US jobs report releasedNEWSFLASH: Hiring across the US economy picked up slightly at the start of Donald Trump’s second term in office.The US economy added 15
Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs.Here are some