The Euro strengthened after the report on the labor market in the United States

  • And
  • +A

On Friday, July 6, bidding on the Euro resulted in the growth. The Euro strengthened against the dollar in two in-session momentum. In the early European session, the Euro rose to 1,1727, in the us session — up to 1,1768.
The dollar came under pressure after the publication of the report on the market in the United States. The data was good. The dollar reeling because of rising unemployment and lower average earnings index. The latter figure is a signal of weakening inflationary pressure, which may force the fed to take a pause in raising rates.
In the United States for June was established 213 thousand new jobs (the forecast was 200 thousand). Data for April was revised from 159 thousand to 175 thousand in may — from 223 thousand to 244 thousand General review amounted to 39 thousand
The US unemployment rate for June stood at 4.0% (the forecast was 3.8%, the previous value of 3.8%).
The index of average hourly earnings in the U.S. in June amounted to 0.2% (the forecast was 0.3%, the previous value is 0.3%).
Planned stats (GMT+3)
10:50 speech by a member of the monetary policy Committee of the Bank of England, Ben Broadbent. These comments can have an impact on the pound.
At 11:30, the Eurozone will publish an index of the Sentix investor confidence for July, which typically has no effect on the Euro, but interesting for a General understanding of the situation.
At 16:00 scheduled speech of the ECB President, Mario Draghi.
At 18:00 scheduled second for this day the speech of the ECB President, Mario Draghi.
At 22:00 the U.S. will publish data on consumer credit for may. These data do not affect the market.
_____________
Vladislav Antonov,
Analyst
Alpari