We’re back to the monthly US jobs numbers which could well serve to set the dollar tone for the month ahead. Up to the GDP data, the run of data in the US has been improving vs. underlying expectations. What was noticeable about that number was the resilience of the data to the near stalling of the US economy in the first quarter. The sense is that we’ve moved on from the story of the weather related weakness seen in Q1 and the dollar is proving less sensitive to weaker data. That said, this may not hold true for the payrolls report, which is for April. The expectation is for a 218k increase, with the rate falling to 6.6%. The 200k level on headline payrolls is notionally seen as the level above which the Fed wants to see jobs being added on a consistent basis. We are currently running at 188k on the 6 month average. A number stronger than the expectation would be dollar positive and set up the greenback for a more solid performance for the month ahead. See how to trade the NFP with EUR/USD Elsewhere, the overnight session has been characterised by tight ranges on the majors, with the yen the only notable mover, weakening modestly towards 102.50 on USDJPY, but holding within the ranges of the week. The ECB announces the repayment of 3 year loans today, which is of interest because the level of liquidity has been falling recently and pushing up overnight rates, which has served to offer underlying support to the single currency at a time when easing expectations have been growing on deflationary risks. Note that overnight rates are still trading above the ECB’s key rate (0.40% and 0.25% respectively). Also of interest will be final PMI data for the Eurozone and construction PMI in the UK. Update: construction PMI fell short of expectations. FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Forex News Today: Daily Trading News share Read Next Sterling is champion of the week, trading at over 5-year Guest 8 years We're back to the monthly US jobs numbers which could well serve to set the dollar tone for the month ahead. Up to the GDP data, the run of data in the US has been improving vs. underlying expectations. What was noticeable about that number was the resilience of the data to the near stalling of the US economy in the first quarter. The sense is that we've moved on from the story of the weather related weakness seen in Q1 and the dollar is proving less sensitive to weaker data. That said, this may not hold true for the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.