Financial Digest

Forex Today: Eyes on US jobs report as trading conditions normalize

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

Majors News

Currencies,Macroeconomics,Economicindicator

Here is what you need to know on Friday, July 5: Following the Independence Day holiday in the US, trading conditions are starting to normalize early Friday.

Eurostat will release Retail Sales data for May and later in the day the US Bureau of Labor Statistics will release the June jobs report, which will include Nonfarm Payrolls, Unemployment Rate and wage inflation figures. Statistics Canada will also publish labor market data ahead of the weekend. The US Dollar trades under modest bearish pressure as the currency still feels the negative impact of Wednesday's disappointing data releases.

EUR/USD continues to edge higher after posting small gains on Thursday and trades in positive territory above 1.0800 in the European morning on Friday. USD/CAD stays under bearish pressure and trades near 1.3600 ahead of jobs data from the US and Canada. USD/JPY extends its correction from the multi-decade high it set near 162.00 earlier in the week and trades below 161.00 to start the European session.

 

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 FİNANCE

Finance Finance Latest News, Finance Finance Headlines

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

Forex Today: Eyes on SNB and BoE policy announcements ahead of US dataHere is what you need to know on Thursday, June 20: The market action was subdued on Wednesday because US markets were closed in observance of the Juneteenth holiday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Forex Trading Journal: A How-To and other Forex Trading TipsForex trading journals can help you refine your trading strategy. See our example of a trading journal excel and incorporate it in your workflow today.
Source: DailyFX - 🏆 305. / 63 Read more »