Important upcoming events and publications for June 7 (GMT):
12:30 U.S. Employment Report. Risks for USD: high. At the end of May, employment is expected to grow by 180K after 263K, maintaining the growth rate of wages at 3.2% y/y and the unemployment rate at 49-year lows of 3.6%. Weak data can cause pressure on the Dollar.
12:30 Canada Employment Report. Risks for CAD: moderate. The report can be shadowed by that of the U.S. A modest increase in the number of employees by 5K is expected after the jump by 106.5K one month earlier. Weak data can cause pressure on the Canadian dollar.
17:00 U.S. Rig Count. Risks for Brent, WTI: moderate. The increased volatility of Oil prices recently forms the basis for sharp price movements in the publication of data. The number of working drilling rigs has been declining since the beginning of the year, but surprisingly slightly increased last week despite lower prices. Further growth could put pressure on oil.
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
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