Forex trading headlines from the European morning session 5 Sept

News:

Data:

With all eyes on the US NFPs at 12.30 GMT we’ve seen a bit of euro buying as traders book some profit after the post-ECB falls

EURUSD has climbed from 1.2930 to 1.2964 but decent resistance awaits around 1.2970 and we’re back to 1.2955 as I type. EURJPY has chewed its way higher to 136.30 from 136.10 but tempered by a drift back in USDJPY from 105.30 to 105.11.

EURGB has posted highs of 0.7946 from 0.7925 which in turn has put a cap on cable shoving it back down to 1.6312 from 1.6332

USDCAD has largely been pinned around 1.0880 after failing to get back above 1.0900 while AUDUSD continues to attract some decent cross interest keeping it above 0.9350 but finding further gains a step too far for the moment. NZDUSD failed to rally back above 0.8300 with AUDNZD buying provding a cap buts edging back of its lows from 0.8285 to 0.8295 as I type.

So, the stage is set for the day’s main attraction. Surely it can’t out trump yesterday’s ECB hand but we can expect some frantic Friday fayre nonetheless.