Source: ForexYard
The markets saw relatively little movement during Asian trading last night, as investors were hesitant to open new positions ahead of today’s all-important US Non-Farm Payrolls figure. The EUR/USD remained close to a 2-week high for most of the night, and the pair is currently trading just above the 1.3000 level. Gold hit a fresh 11-month high at $1795.72 before staging a slight downward correction and dropping to its current price of $1791.40.
Main News for Today
US Non-Farm Employment Change- 12:30 GMT
• Analysts are forecasting that the US added 114K jobs in September, which if true, would represent a slight increase over last month’s figure of 96K
• Should today’s indicator come in above expectations, investors may shift their funds to riskier assets, which could boost currencies like the EUR and AUD, as well as commodities like crude oil, gold, silver and platinum
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