There aren’t any major expiries that will factor into play before the US labour market report, with the full list seen below.
But if we do get a softer set of jobs data later, that could drag the dollar down further and see the larger one for EUR/USD at 1.2000 potentially factor in. It will be just for a bit before the cutoff but the expiries at the figure level could help to limit gains on any big reaction. That especially since the 1.2000 level is also one that the ECB has been largely critical about. From yesterday: ECB policymaker de Guindos says recent euro appreciation deserves attention but is not dramatic at all
As a reminder, that is one that de Guindos himself has coined to be a “complicated” level.
Besides that, the expiries list will be a non-factor otherwise and the same as well for tomorrow in all likelihood. That unless we get some last-minute changes to the board, so we’ll see.
As such, the biggest influence on trading sentiment and the risk mood today will be the US labour market report.
For more information on how to use this data, you may refer to this post here.
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