A couple of releases to move things along on the session
The session ahead will pretty much be a placeholder as we count down to the US non-farm payrolls release later in the day at 1230 GMT.
The dollar is keeping steadier after a mixed session yesterday, which saw a modest rise in the likes of the loonie and aussie, and the yen being the laggard.
A strong labour market report today will validate the notion of “substantial further progress” and perhaps spur a more intense debate on Fed tapering in the weeks ahead.
That should provide a further lift to yields and the dollar, all things being equal.
Elsewhere, equities are still unperturbed as the S&P 500 and Nasdaq hit all-time highs once again in the overnight session. US futures are looking flat today awaiting the non-farm payrolls release to provide the next catalyst for a move.
0600 GMT – Germany June industrial production data
0600 GMT – UK July Halifax house prices data
0645 GMT – France June trade balance data
0700 GMT – Switzerland July foreign currency reserves
That’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.