EUR/USD dips below 1.14, focus on US unit-labor costs

                                                                                                                        
European Session
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EUR/USD dips below 1.14, focus on US unit-labor costs

The 10-week moving average (MA), currently at 1.1386, could be breached if the German factory orders for December, due at 07:00 GMT, miss expectations by a big margin, making Germany more vulnerable to a recession. 

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GBP/USD stalls 3-day losing streak on delayed Brexit hopes
Wednesday lacks the UK important data and fewer political events are scheduled. Theresa May will travel Brussels to meet the EU policymakers and formally announce a renegotiation of her Brexit deal on Thursday. 
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US Weekly Jobless Claims Preview: The trend is strong
Initial jobless claims are predicted to be 227,000 in the week ending February 1st down from 253,000 in the prior week.  The four-week moving average is 220,250 in the current week.
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Expert:  Ed Ponsi, CMT, CTA
Start:  WED, FEB 06, 13:00 GMT


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