Next week’s ECB meeting is unlikely to see any change in monetary policy but post-decision commentary may give traders a better view when the first rate cut is set to be announced
On Friday the latest US Jobs Report will be released with market forecast of +190k. Last month’s report saw a blockbuster 353k new jobs announced and if history is any guide, last month’s number is likely to be revised lower.is currently trading around the 200-day simple moving average, and next week’s releases and events are likely to help the pair make a more decisive move. Support for the pair is seen between 1.0787 to 1.
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