On Friday, the US Bureau of Employment Statistics will release the unemployment rate and nonfarm payrolls. The data that will be available from this Friday will have an impact on the markets.
The relevance of the data derived from the importance of the recovery of employment in the United States for the definition of changes in monetary policy. The latest published data showed that employment has recovered and, although the data for the last two months were positive, they did not meet expectations.
Job creation has a direct impact on consumer spending, which leads to stimulus to the economy and, consequently, to its growth.
The non-farm payroll data released by the US Bureau of Employment Statistics this month is expected to hit 700K. While the unemployment rate is expected to fall towards 5.6%.
The results were correlated, among other factors, by the lightening of circulatory measurements and the reactivation of activities. In the month of May, payrolls increased by 559K and the unemployment rate fell to 5.8%. The main sectors affected were recreation, leisure, hotel, private education, health and social assistance activities.
The EURUSD opened at 1.1844 and closed buy at 1.1865.
GOLD, opened at 1775.59, closing Thursday sell at 1773.90.
USDCAD opened at 1.24018 and closed buy at 1.24047