[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]07 Apr 2017[/B] [I]06:02 GMT[/I]
EUR/USD - 1.0644
Although euro has remained under pressure after yesterday’s rebound from a 3-week trough of 1.0630 to 1.0675 (New York), as recent decline from Mar’s 4-month peak at 1.0709 is losing downward momentum.
Minor daily sup at 1.0601 is expected to hold ahead of release of key U.S. jobs data later.
Above 1.0785/89 would bring stronger retracement of aforesaid fall to 1.0702.
However, reckon 1.0736/40 would cap upside.
[B]Data to be released on Friday: [/B]
Japan leading economic index, Swiss unemployment rate, Germany industrial production, current account, imports, exports, trade balance, France exports, imports, trade balance, current account, UK house prices, industrial production, manufacturing production, trade balance, Italy retail sales, Canada unemployment rate, employment change, Ivey PMI, U.S. average hourly earnings, unemployment rate, non-farm payrolls, private payrolls and wholesale inventories.