There is just one to take note of on the day, as highlighted in bold below.
That being a rather large one for EUR/USD at the 1.1850 level. The expiries hold close to the 200-hour moving average of 1.1846 currently and that together, that could keep a floor on price action in the session ahead. The expiries could also act as a bit more of a magnet, with the key near-term level having been where buyers stepped in after the non-farm payrolls drop.
So, the two when put together could lock in EUR/USD price action in European trading barring any major headline surprises. That before we get to the US CPI report later in the day of course.
Besides that, there are some notable ones for USD/JPY but they aren’t likely to factor much into play given the spot price currently.
And if you notice, the Monday board is rather empty and that is because it will be a long weekend in the US. Monday will observe a US holiday in both stocks and the bond market, so that will keep things quieter once the hustle and bustle from the inflation data later settles down.
For more information on how to use this data, you may refer to this post here.
Head on over to investingLive (formerly ForexLive) to get in on the know!
