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EUR/USD

On the last trading day of the week, EURUSD could be the main focus. GDP data from the Euro Zone will be released at 10:00 followed shortly after by the final Nonfarm Payroll figures from the US at 13:30. Despite the comments from Fed chair Jerome Powell last week suggesting they may be nearing an end to its three-year rate tightening cycle, the greenback kept the Euro pinned near 2018 lows as eyes move towards the employment data from the world’s largest economy. Could a strong number cement the Feds plan to raise rates multiple times next year, or will weaker employment figures reduce the expectations on the number of hikes in 2019 providing the EUR with a chance of recovery?

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