EURUSD will continue range-trading this week as markets look to the August US NFP report for direction. Last week’s Fed Chair Yellen speech at Jackson Hole was slightly more hawkish than markets had expected, strengthening the case for a near-term rate hike. We look for nonfarm payrolls to rise 200k. We expect 190k of these gains to come from the private sector, and specifically service-providing employers. However, we see a risk that residual seasonality in August employment could weigh on overall employment. A positive NFP report will likely further solidify those expectations, adding impetus for potential ... (full story)