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Live Coverage: Nonfarm Payrolls set to determine next Gold, stocks and US Dollar moves

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Nonfarm Payrolls data are set to show slower hiring in June 2024 – 190,000 vs.

272,00 in May. That would fit into a soft landing would be positive for stocks and Gold, while weighing on the US Dollar. The Unemployment Rate is set to remain at 4%. FXStreet Premium allows subscribers to participate in the coverage and ask analysts questions live. Why Nonfarm Payrolls rock financial markets The Federal Reserve has two mandates: price stability and full employment.

Some US trades are off after Thursday's Independence Day holiday. That may add to volatility. Markets are also watching politics. The second round of French parliamentary elections – in which the populsits are expected to remain out of power – and speculation about the viability of US President Joe Biden's candidacy have been encouraging markets.

 

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