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US BLS Payrolls Revision in focus

USD
  • The Dollar has been in positive territory during the early European session, a continuation from what was seen during the overnight session.Nonetheless, overall the Dollar is down for the past half of the Year, with the super Volatile Yen on top for that period, up 10.17%.
  • On the EU Cash Govie open, the Yen was the worst performer, down 0.42%, now at -0.55%, but USDJPY sits some 20 pips off the printed high of 146.22 at the time of typing.
  • EURUSD and the December high of 1.1139 continues to provide some good resistance, printed a 1.1130 Yesterday and 1.1133 so far today.
  • Cable has again found some resistance at 1.3044/52 High Jul 17 and the bull trigger / High Aug 20 today, and has drifted back towards the 1.3000 figure, so far only managed a 1.3011 low.
  • Looking ahead, focus is squarely on the US BLS Payrolls revisions, while the FOMC minutes is unlikely to move the needle especially ahead of Powell Friday.

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