Barring any big moves in US equities, the market may just hunker down and wait for payrolls tomorrow. Important support at 1.4338 was tested and held so the market may have done about as much probing as it is willing to do ahead of the most significant event risk of the month.
With jobless claims having moderated in July, economists are forecasting a solidly improved employment report tomorrow. Last month, 467,000 jobs were lost. This month, -320,000 is the consensus.
