Since the start of the week the main currency pair almost did not move - apparently, investors are saving energy before the statistics come out.
The block of statistical data on the United States scheduled for the end of the week, which includes the important February reports on the employment market, has left the investors in suspense. In this case, the news that is coming out produce almost no impression on the market participants – so, just an acceptance of fact.
Yesterday the head of the US Federal Reserve Janet Yellen said that the regulator is seriously busy working on regulations that protect the banking industry from a takeover. Most likely, the monetary policy meant the takeover of a regulatory nature. Measures should be averaged at the same time on the requirements for the size of the bank, its risks and the time of integration into the global banking system.
Today will be published the first reports on the labour market in the US in February. In the afternoon, figures on employment in the private sector by ADP will come, and it is important for the understanding of the general trends in the labour market. On Friday, we will see data on Non-Farm Payrolls (employment outside the agricultural sector), unemployment and details.
The EUR/USD pair remains below 1.1200 and under pressure of volatility can proceed to 1.1145.
RoboForex Analytical Department