News Formal

Forex Today: The US Payrolls takes centre stage

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

NFP News

Dollarindex,EURUSD,Fed

While market participants wait for the results of the UK general elections, attention is expected to gradually shift to the release of US Nonfarm Payrolls on July 5, following a dull session that witnessed marginal volatility and unusual trade conditions in response to the US Independence Day holiday.

Here is what you need to know on Friday, July 5: The USD Index remained stuck within its multi-session bearish trend, approaching once again the 105.00 neighbourhood. The Nonfarm Payrolls and the Unemployment Rate will be at the centre of the debate on July 5, along with the speech by the Fed’s J. Williams. EUR/USD picked up pace and extended the recent breakout of 1.0800 the figure.

USD/JPY retreated markedly amidst the Dollar’s sell-off and the inactivity in the US. money market. On July 5, the Japanese docket will include Household Spending, and the preliminary readings of the Coincident Index and the Leading Economic Index. AUD/USD kept its upside bias well in place and revisited the area of three-month highs past the 0.6700 mark. The final Retail Sales are only due in Oz on July 5.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Forex Today: US Payrolls and rate cut expectations will be in the spotlightPrudence ahead of the publication of the US labour market report dominated investors’ sentiment on Thursday, leaving price action in the FX universe largely muted.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Dubai 2024 Celebrates Transparent and Ethical Forex Awards in Forex IndustryProfx Awards - Dubai 2024 Celebrates Transparent and Ethical Forex Awards in Forex Industry
Source: Utoday_en - 🏆 295. / 63 Read more »