With US Federal Reserve (Fed) Chairman Jerome Powell’s Sintra appearance out of the way, all eyes now remain on top-tier Nonfarm Payrolls (NFP) data for June, due on Friday at 12:30 GMT.
US Nonfarm Payrolls are expected to rise 190K in June, slowing from May’s 272K increase. The United States Bureau of Labor Statistics will release the Employment report at 12:30 GMT. The US Dollar awaits employment data after Fed Chair Jerome Powell’s dovish remarks on Tuesday. With US Federal Reserve Chairman Jerome Powell’s Sintra appearance out of the way, all eyes now remain on top-tier Nonfarm Payrolls data for June, due on Friday at 12:30 GMT.
0700 level will be tested en route to the June low of 1.0660,” Dhwani adds. Economic Indicator Nonfarm Payrolls The Nonfarm Payrolls release presents the number of new jobs created in the US during the previous month in all non-agricultural businesses; it is released by the US Bureau of Labor Statistics . The monthly changes in payrolls can be extremely volatile. The number is also subject to strong reviews, which can also trigger volatility in the Forex board.
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