Currency markets pretty much treaded water ahead of today's non-farm payroll release, and this was compounded with mixed economic data being released in the US. Pending home sales fell for the first time in 2010, however the weekly initial jobless claims fell last week. These mixed signals have meant that money might be staying on the sidelines until we get further evidence in today's release, scheduled for 1330 GMT.
- Both the ECB and MPC left interest rates unchanged in the Eurozone and the UK respectively yesterday
- The Greeks stated theta they had substantial interest in their new 10 year euro denominated bond, and their 5 year bond is 3 times oversubscribed
- Speculation in the Japanese press that the Bank of Japan might ease monetary policies in order to keep money flowing through their economy
- Analysts expect unemployment to rise to 9.8% in the US from 9.7%, but it may be pertinent to eye average hourly earnings
Major Economic News
NON FARM PAYROLL FIGURES