Market waits for US employment data
Quote of the day: “Everyone has ideas, not everyone acts on them!”
March 4th: Highlights
- US Non-Farm Employment Change
- US Unemployment Rate
- US Trade Balance
Adding to the Brexit story, German Fin Min Schaeuble said that Germany & the UK would still trade if the UK left the EU. He also said he felt that the EU deal was good, both for the UK and the EU.
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Eurozone PMI Services hit 53.3 (Vs. 53.0 forecast) which gave the market a good enough excuse to buy Euro and push it a little higher.
The market has been fairly quiet overnight and the morning session is expected to be relatively uneventful ahead of the Non-Farm Payrolls and the unemployment rate in the US this afternoon. Strong data here will have the market returning to discussions of when the Fed will raise rates next.
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Morning mid-market rates – The majors
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