Now: Calm Before the US Employment Data

The market is in a calm mode today as everyone is waiting for the upcoming US Employment data tonight. Although the main concern of the market still focuses on the recession, the situation suggest that other macro economy data still have some influence on the movement.

Euro lost some ground after a soft data from the German macro economy and also the European Central. The current situation still about how to control the current inflation without losing the credibility of the governing members. Certain members of the policymakers of ECB do suggest opening a larger possibility for the rate hike while the President of ECB, Christine Lagarde, still want to maintain on the multiple hike at 25-basis points.