Forex Calendar

Weekly Commentary

Following recent sharp falls in oil prices and the related softening in the inflation outlook,

In the week ahead, the euro zone is to release what will be closely watched

Markets are quiet ahead of payrolls, with most of the G10 currencies consolidating vs the USD,

FX majors mostly treaded water ahead of tonight’s NFP.

The main event is the US employment report for January, which we expect to show

Oil prices have been volatile recently, but have continued to rise since yesterday morning.

Markets are mixed into the open; but the USD is soft,

EUR edged higher to 1.135 after the sharp fall overnight, but EUR crosses fell,

German factory orders are set to have increased 1.5% m/m in December after a weak print in November.

Yesterday evening the ECB decided to ban the use of Greek government debt as collateral.

EURUSD maintained its overnight gain at 1.147.

Today Greek prime minister Tsipras and EU Commission president Juncker will