ForexLive European morning news wrap: Move over BOE, it's all eyes on US jobs and wages data today

Author: Mike Paterson | Category: News

Forex news for European morning trading on 4 Aug 2017



A quiet session as US NFPs and wages data cast their not inconsiderable shadow over proceedings.

GBPUSD caught a bid early on with a combo of Broadbent comments, failure to break lower, and general USD softness helping it up to post 1.3165 from 1.3135 but it was short-lived and we've since retreated back to from whence we came.

EURGBP had a look at 0.9025 from 0.9040 but also found fresh demand down there with EURUSD posting higher at 1.1890 from 1.1875 only to fall back to the starting line.

USDJPY has flat-lined between 110.00-20 after testing 109.80 again in early Asian trading while USDCHF has also been tightly bound between 0.9670-90. EURCHF has seen a but of the general euro retreat and dipped from 1.1510 to 1.1485.

AUDUSD has traded 0.7960-80 with option expiry interest at 0.7950 while NZDUSD has found a few buyers to 0.7453 from 0.7425 with AUDNZD retreating. USDCAD has been range bound 1.2560-80 with a gentle rise through the session with oil tightly bound.

It's all about the data though at 12.30 GMT and here's the expectations: