It’s been a relatively quiet start to the European session on Friday, with risk aversion being the preferred option for traders ahead of yet another key U.S. jobs report. We’ll quite often see traders take a cautious approach to the markets ahead of the labour market figures and today is no different. I don’t think Wednesday’s ADP number helped matters, falling well short of expectations and only adding to the narrative that the economy is not in a position to warrant another rate hike. In reality, unemployment is at 5%, the economy had added almost 225,000 jobs per month on average since the start of last year, the ... (full story)