-
US NFP report may address misreporting in April
-
Canadian employment seen dropping by 500k jobs
Labour market data from the United States and Canada are top releases of the day. US Bureau of Labor Statistics said that there was some misreporting in April's release and the real unemployment rate was higher than 14.7% reported. If BLS decides to address the issue in today's release we may see a big jump in unemployment figures. Apart from that, traders should follow oil news today amid chatter of holding OPEC+ meeting tomorrow.
9:00 am BST - Italy, retail sales for April. Expected: -10% YoY. Previous: -20.5% YoY
1:30 pm BST - US, NFP report for May.
-
Change in non-farm payrolls. Expected: -8000k. Previous: -20500k
-
Wage growth. Expected: 8.6% YoY. Previous: 7.9% YoY
-
Unemployment rate. Expected: 19.7%. Previous: 14.7%
-
Average working hours per week. Expected: 34.3h. Previous: 34.2h
1:30 pm BST - Canada, labour market report for May.
-
Change in employment. Expected: -500k. Previous: -1993.8k
-
Unemployment rate. Expected: 15%. Previous: 13%
6:00 pm BST - US oil rig count. Last week: 222
BREAKING: EURUSD extends decline after Eurozone PMI data ⚡
Economic Calendar - Preliminary PMI indicators and FedEx results in the shadow of market declines
Economic Calendar: Canada's CPI print takes center stage 💡
Morning Wrap: Fragile, but still. Investors are confident that U.S.-Iran talks are making progress⏰