Global markets are focused on how much of an interest rate cut the Fed will cut. Non-agricultural employment data to be announced today is of great importance for all markets.
Concerns about a recession in the USA came to the agenda again after the data announced yesterday.
The anxious mood of the market manifested itself in stagnation in the US stock market.
While the S&P 500 decreased by 0.3% yesterday, the Nasdaq remained flat with a change of 0.05%. Dow Jones also closed the day down 0.15%.
On the other hand, the weakening in labor force data continued to pressure DXY and bond interest rates.
On the last trading day of the week, all markets are anxiously focused on the US non-farm employment data to be announced.
As a result of the UK annual house price index being higher than expected (expected 4.2% / announced 4.3%), slight upward movements can be expected for ยฃ / GBP against โฌ / EURO.
On the other hand, Germany's trade data were negatively affected in July, contrary to expectations. Germany's trade balance was realized as 21.0B expected / 16.8B announced in July. Although limited, some decline may be observed for โฌ/EURO against ยฃ/GBP. It is being watched closely.
As a result of the UK annual house price index being higher than expected (expected 4.2% / announced 4.3%), slight upward movements can be expected for ยฃ / GBP against โฌ / EURO.
On the other hand, Germany's trade data was negatively affected in July, contrary to expectations. Germany's trade balance in July was realized as expected 21.0B / announced 16.8B. Although limited, a slight decline can be observed for โฌ/EURO against ยฃ/GBP. Closely monitored.