Forexlive European FX news wrap 10 September – Mixed but overall positive UK jobs data

• The ECB meets later this week, what to expect?
• US August NFIB small business optimism index 91.2 vs 93.7 prior
• It’s debate night in the US
• A short-term bottom for USD/JPY?
• European equities open slightly lower to start the day
• What are the main events for today?
• Eurostoxx futures -0.3% in early European trading
• UK July ILO unemployment rate 4.1% vs 4.1% expected
• Germany August final CPI +1.9% vs +1.9% y/y prelim
• Japan LDP lawmaker Ishiba says key task for Japan is to completely exit from deflation
• TradeLocker: The Future of Trading for Brokers and Prop Firms
• FX option expiries for 10 September 10am New York cut
• A breakdown of China’s trade data for the month of August
• UK labour market data in focus in the session ahead
• China records ¥649.34 billion trade surplus in August
• Dollar holds steady after recent rebound

Markets:

• NZD leads, CAD lags on the day
• European equities lower;
  S&P 500 futures down 0.03%
• US 10-year yields up 1 bps to
  3.719%
• Gold up 0.02% to $2,506
• WTI
  crude down 1.12% to $67.94
• Bitcoin
  up 0.22% to $57,165

It’s been another
quiet session. The mood in the markets has been mixed and the moves have been
shallow.

We got just two notable releases: the UK jobs data and the US NFIB small business optimism index. The former came out generally better than expected, although the August payrolls figure printed negative. The latter disappointed with the index dropping to a two-months low.

There’s nothing else for the day except BoC’s Macklem speech at 12:25 GMT/08:25 ET.

This article was written by Giuseppe Dellamotta at www.forexlive.com.