Data/Event Risks USD: Payrolls is the main focus today – market expects a 125K increase. Traders seem positioned neutral for this one, so will need a big deviation from consensus to move the dial on the dollar. EUR: Prior to payrolls, the manufacturing PMIs for Europe’s big economic heavyweights are released. All are expected to remain well below 50. GBP: The construction PMI carries some weight in the UK – if above 50 today then this should assist sterling. Idea of the Day Yen weakness against the majors remains one of our preferred strategies. As last night’s BoJ Minutes revealed, the Japanese economy may well be falling back into recession. Also, dollar index seems finally to have broken the 80 level – watch closely, it is entirely possible that we see an impulsive move to the topside soon. Latest FX News USD: For the dollar, yesterday’s labour market news hardly made an impact. Jobless claims fell 9K to 363K while ADP private payrolls rose 158K. Taken together, these figures imply that today’s payrolls outcome will merely confirm that jobs growth remains pedestrian. USD index now comfortably through the 80 level after overnight euro weakness. EUR: Unable to crack above 1.30, traders turned around and decided to test the downside once again. As well, late yesterday and overnight there was some determined selling by European names. How deep are those buyers below 1.29? We shall see today. JPY: Of interest is that recent yen weakness has occurred against the backdrop of Asian currency strength. Japan’s corporate demise is clearly weighing on the currency, and investors who want Asian exposure are heading to the mainland, as are those who sought the yen as a safe-haven. AUD: Managed to get up above 1.04 after decent US ISM outcome and a 3yr high for consumer confidence. Recent improvement in Chinese growth figures seems to have removed significant downside risk, for now. Still seems likely that the RBA will lower rates again next week. 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 EUR/USD Nov. 2 – Slipping After Weak Spanish, Italian Kenny Fisher 10 years Data/Event Risks USD: Payrolls is the main focus today - market expects a 125K increase. Traders seem positioned neutral for this one, so will need a big deviation from consensus to move the dial on the dollar. EUR: Prior to payrolls, the manufacturing PMIs for Europe's big economic heavyweights are released. All are expected to remain well below 50. GBP: The construction PMI carries some weight in the UK - if above 50 today then this should assist sterling. Idea of the Day Yen weakness against the majors remains one of our preferred strategies. As last night's BoJ Minutes revealed,… 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.