- European session: investors awaited at US employment data
Market news
European session: investors awaited at US employment data
Data:
08:50 France Services PMI (finally) January 50.3 51.7 52.3
08:55 Germany Services PMI (finally) January 52.4 54.5 53.7
09:00 Eurozone Services PMI (finally) January 48.8 50.5 50.4
09:30 United Kingdom Purchasing Manager Index Services January 54.0 53.6 56.0
10:00 Eurozone Retail Sales (MoM) December -0.8% +0.4% -0.4%
10:00 Eurozone Retail Sales (YoY) December -2.5% -1.3% -1.6%
The dollar fell before a report economists said will show U.S. employers increased payrolls in January, damping demand for the safest assets.
The advance trimmed the euro’s weekly decline, after Greece and its creditors struggled to reach an agreement on a deal to reduce the nation’s debt.
U.S. employers boosted payrolls by 125,000 in January after an increase of 200,000 in December, according to the median estimate of economists. Unemployment probably held at 8.4 percent in January from the previous month, a separate survey shows.
Finance ministers from the four euro-area countries with AAA grades from all three major ratings companies -- Germany, Finland, Luxembourg and the Netherlands -- will meet in Berlin today, a German Finance Ministry spokesman, said yesterday. The ministers won’t brief reporters after the meeting, according to the spokesman, speaking on condition of anonymity.
EUR/USD: the pair grown, but hasn’t managed to overcome resistance in $1,3180 area.
GBP/USD: the pair grown, but hasn’t managed to overcome resistance in $1,5860 area.
USD/JPY: movement of the pair was limited Y76,13-Y76,28.
The main event is at 1330GMT, when the US Department of Labor Statistics releases its annual benchmark revision of its Current Employment Statistics along with the January report on employment. US data continues at 1500GMT when the ISM on-manufacturing index is expected to rise to a reading of 53.2 in January. Late US data includes the 2115GMT release of C&I loans data.
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