A big end to the week coming up with the US publishing crucial jobs data.

The USD continues to falter, pushing paired currencies higher overnight. The EURUSD began the day at $1.12320 and declined early, hitting lows of $1.11929 mid-session. It remained near those levels for a few hours before rallying to a high of $1.13619 late in the day. It is not far from those highs at the moment, currently trading at $1.13309. The GBPUSD opened the day at $1.25725 and looked in trouble in the first half of the day, falling to lows of $1.24993 mid-session. It rebounded off those lows, rallying to a high of $1.26331 late in the day. It has come away from those highs and is now trading at $1.25911.

Indices took a breather from the recent rallies, remaining largely flat overnight. The Dow started the day at 26,262.25 and slid to lows of 26,070.36 heading onto late trading. The Dow bounced back and climbed to a high of 26,384.22 a few hours later. It is now trading at 26,287.00. The Dax ended the day in negative territory after opening at 12,537.31. The German index to a near-session-low of 12,370.60 mid-session before a short spike up saw it hit a high of 12,563.27. However, the Dax fell away just as quick, hitting lows of 12,324.14 an hour later. It has come off those lows and is now trading at 12,419.55.

The day ahead sees the release of Non-Farm Payroll data from the US, in what is expected to show further deterioration in the unemployment figure. The US is expected to shed a further 7,750,000 jobs, while the Unemployment Rate is tipped to jump up to 19.4%.

Data published today includes:

Japan – Leading Indicators

UK – Halifax HPI

Canada – Employment Change, Unemployment Rate, Ivey PMI

Europe – German Factory, Italian Retail Sales, Swiss Foreign Currency Reserves

US – Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings, Consumer Credit

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