Global macro overview for 02/10/2015:
Yesterday, the ADP data reported a gain of 200,000 new jobs and it was a third month in a row with such strong employment figures. The US Non-Farm Payrolls are scheduled for release at 12:30 am GMT today and the market expects a solid gain of 202,000 jobs. Due to missed deadlines for summer months, the revisions for August are expected to be higher as well. This data release will be closely watched by all market participants, including data depended Fed members.
The US dollar index is trading just in the middle of the trading zone and any number in line or better than expected will possibly produce pressure for market participants to test the recent daily resistance at the level of 98.32.
