The market has been moving in a rather tight range today on low volume, as traders await the monthly US non-farm payrolls report. Still, risk appetite remains slightly elevated on strong fundamentals over the past few days, including manufacturing expansion in the US and China and the dip in US jobless claims seen yesterday.

Looking ahead, Peter Rosenstreich of ACM notes: “with no major surprises expected from the Euro-zone Retail Sales reading, currency markets will remain focused on the jobs number and should remain in a range bound pattern in the build up to this release.”

Fri, Sep 3 2010, 07:05 GMT
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