German import prices, Eurozone producer prices coming up in the session ahead

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German import prices, Eurozone producer prices coming up in the session ahead

<p style="" class="text-align-justify">The dollar is staying on the vulnerable side as the post-Powell selling intensifies on the week. The greenback is a touch lower today but the losses are more measured as compared to what we have seen in previous sessions. S&P 500 futures are down 6 points, or 0.15%, so the risk rally is also stalling for now as we await the US non-farm payrolls report.</p><p style="" class="text-align-justify">The bond market remains a key area to watch with the strong rally yesterday pushing 10-year Treasury yields towards 3.50% and near its 100-day moving average of 3.48%:</p><p style="" class="text-align-justify">Yields are now up a little over 3 bps to 3.546% but still the dollar is struggling to get off the floor as the technicals are rather unfavourable for the currency at the moment.</p><p style="" class="text-align-justify">Looking ahead, we may be in for a quieter session in Europe with the focus staying very much on the US jobs report. There will be some inflation-related data but they are slightly lagging as they point to the October period, as opposed to the easing of energy prices that we have already seen in November.</p><p style="" class="text-align-justify">0700 GMT - Germany October import prices0700 GMT - Germany October trade balance data1000 GMT - Eurozone October producer prices</p><p style="" class="text-align-justify">That's all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.</p><p style="" class="text-align-justify">18 - Japan's 2-1 victory over Spain is one that featured the lowest amount of possession by the winning team in a World Cup match, in which they saw only 18% of the ball.</p>

                This article was written by Justin Low at forexlive.com.

Source: German import prices, Eurozone producer prices coming up in the session ahead

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