There were no data releases from Eurozone yesterday, with euro edging lower after recent gains. Many analysts believe that further strength will be capped by the prospect of ECB intervention and of foreign investors selling off eurozone assets. Despite the rally, many analysts are standing by long standing predictions that the euro will hit parity with the dollar by the end of this year. The euro's gains come despite unprecedented stimulus from the ECB, which needs a lower currency to help stoke inflation.
There will be no data releases from Eurozone tomorrow. In the US session, NFP figures will be published. Analysts are anticipating increase by 203,000, while Unemployment Rate should remain unchanged at 5.0%.
Figures to watch:
Non-Farm Employment Change/Unemployment Rate (Friday 14:30)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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