The Attention is Focused on the Report on the Labor Market in the US

Today, the attention of the financial market participants will be directed to statistics on the labor market in the United States. Yesterday, a preliminary report from ADP was published, which turned out to be rather weak. At the same time, in June the index of business activity in the non-production sector of the country increased from 56.9 to 57.4. At the moment, most experts expect improvement in the basic indices of the labor market in the United States.

According to the Federal Statistical Office of Germany, in May the volume of industrial production in the country increased by 1.2%. Market expectations were at the level of 0.3%.

At the moment, sales are prevailing in the market of "black gold" after a significant recoup in the last two weeks. The futures for WTI crude oil are traded below $45 per barrel.

Market Indicators

Yesterday, the bearish sentiment was observed in the US stock market. The main indices closed the trading session in the negative zone: #SPY (-0.91%), #DIA (-0.67%), #QQQ (-0.90%).

The 10-year US government bonds yield has again reached 2-month highs. At the moment the indicator is at the level of 2.38-2.40%.

During yesterday's trading, the dollar index (#DX) fell by 0.50%.

Today we recommend you to pay attention to the following economic reports:

  • – The production volume in the manufacturing industry in the UK – 11:30 (GMT+3:00);
  • – The report on the labor market in the USA – 15:30 (GMT+3:00);
  • – Employment change and unemployment rate of Canada – 15:30 (GMT+3:00);
  • – Ivey's business activity index in Canada – 17:00 (GMT+3:00).

by JustForex, 2017.07.07

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.