The US nonfarm payrolls report is the highlight of today’s economic calendar. US Bureau of Labor Statistics will release the NFP data at 12:30 GMT.
The British pound trading extra volatile following the Bank of England meeting. Initial the currency pair fell to a new session low of 1.3855 at the time of writing, the GBP/USD rebounded back to above 1.3930.
Crude oil prices climb above the previous month high on Wednesday supported the successful COVID-19 vaccine rollout in the US and UK and more stimulus measures. On the negative side, investors continued to monitor a deepening COVID-19 crisis in India, Japan, and Canada.
US Ride-hailing giants Lyft (NASDAQ: LYFT) and Uber Uber (NYSE: UBER) are scheduled to report their latest quarterly earnings this week.
The EUR/USD starts the new week on a positive note boosted by the upbeat German retail sales data. The Retail sales increased by a real 7.7% on a monthly basis in March and the online sales grew by 42.9% compared with a year earlier.