Markets look to the latest jobs-related data that is being published later tonight.

The EURUSD briefly spent some time above $1.16 overnight as the euro continues to strengthen. The pair opened the day at $1.15255 and remained flat early, edging down to lows of $1.15056 mid-session. It bounced off those lows as it rallied to a high of $1.16006. Late trading saw the euro retreat from those highs and it is now trading at $1.15680. The GBPUSD looked in trouble in the first half of the day, before regaining those losses late. The pair began the day at $1.27214 and started its decline early, with the losses accelerating mid-session. The pound bottomed-out at $1.26429 but then rebounded over the back half of the day, peaking at $1.27428 late. It has come off those highs and is now trading at $1.27286.

The Dow made some modest gains overnight after opening the session at 26,827.65. The index lifted by around 150 points before falling to lows of 26,637.13 mid-session. Bouncing off those lows, the Dow rallied to a high of 27,035.71 late in the day. It has come away from those highs slightly and is now trading at 26,980.30. The Dax remained largely flat overnight after opening at 13,121.66. The German index was steady early before edging up to a high of 13,201.06 mid-session. It gave up those gains and eventually hit a low of 13,064.10 late in the day. It is now trading at 13,127.00.

The day ahead sees the latest employment data from the US published later tonight. Markets will be eyeing the Unemployment Claims figure, which is expected to show a further 1.3 million people filed for unemployment insurance. This is in line with the previous reading.

Other data published today includes:

US – CB Leading Index, Natural Gas Storage

Europe – German GfK Consumer Climate, European Consumer Confidence

UK – CBI Industrial Order Expectations, MPC Member Jonathan Haskel speaks

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