The dollar traded mostly lower versus majors as investors eye US Non-Farm Payrolls, set to be released today at 8:30 am US. The US China trade disputes will take a back sit today to the upcoming news as well as OPEC-JMMC meetings, set to continue today. Most other FX markets traded a narrow range lackluster session, with no major news disturbing the low volume action. EU and US equity markets spent Thursday trading mostly sideways, the EURSXX50 lost 0.32% while US markets closed near the flat line. “Safe heavens” traded flat as well, Gold closed at $1,481 per ounce and Silver closed at $16.94 per ounce, both marginally higher on the day. Oil joined the overall flat action with a move sideways, gaining 0.14% to a $58.54 close as investors look forward to more US China trade news and at the fresh OPEC+ 500,000 bpd production cuts proposed for 2020.
OPEC – JMMC meetings all day, US NFP at 1:30 pm and CAD Employment change at 1:30 pm are the important news on the agenda Friday. (all times GMT).
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NASDAQ futures look higher this morning ahead of NFP set to released today at 8:30 am.
The Dollar and CAD will be in focus as both economies release employment numbers today at 8:30 am.
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