Quite a bit of information set for release today, with most attention centred around the Non-Farm Payroll figure from the US.

The EUR/USD continued its upward trend overnight, going from a low of $1.23825 to a session high of $1.25221. It has since come back off those highs slightly, currently trading at $1.25023. The GBP/USD pair was on a bit of a roller coaster ride yesterday, shooting up over a cent, before losing almost a cent, then recovering all of those losses to hit a session high of $1.42783. It has come back off those highs to be currently trading at $1.42610.

The Dow is still showing signs of weakness as it was down for the majority of the night. It plummeted below 26,000 at one stage, hitting a low of 25,939.80. It then rocketed to a session high of 26,296.00. It has retreated off those highs to be trading at 26,205.30. The Dax had another bad run, plummeting from a session high of 13,295.65 from the open to 12,934.90. It is currently trading at 12,965.90.

Turning to the events of today and all eyes on the US Non-Farm Employment change data. This figure and the associated Average Hourly Earnings and Unemployment Rate data are some of the most crucial data regarding the US jobs market. These figures usually cause market volatility, such is their importance to the US economy. Other information set for publication today includes:

Japan – Monetary Base

Australia – PPI

UK – Construction PMI

Europe – Spanish Unemployment Change, PPI, Italian Prelim CPI

US – Revised UoM Consumer Sentiment & Inflation Expectations, Factory Orders, FOMC Member John Williams speaks

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