Nonfarm Payrolls are expected to show that the US recovered 3 million jobs in June. USD is heading into the event with a negative tone and could fall with a positive report, mainly if equities keep running, FXStreet’s Chief Analyst Valeria Bednarik informs. Key quotes “The Nonfarm Payrolls report is expected to show that the country recovered 3 million jobs in the month, while the unemployment rate is seen contracting from 13.3% to 12.3%. Average Hourly Earnings are still seen well above average, although returning to pre-pandemic levels. The yearly figure is seen at 5.3% from 6.7% in the previous month. Monthly Average Hourly Earnings are foreseen at -0.7% from -1.0%.” “An encouraging outcome could further fuel equities and keep the safe-haven dollar under pressure. The greenback has then more chances of advancing against the JPY and the CHF while rallying equities will favor the most commodity-linked currencies.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD must go up, recovery in US jobs to strain the greenback FX Street 3 years Nonfarm Payrolls are expected to show that the US recovered 3 million jobs in June. USD is heading into the event with a negative tone and could fall with a positive report, mainly if equities keep running, FXStreet’s Chief Analyst Valeria Bednarik informs. Key quotes “The Nonfarm Payrolls report is expected to show that the country recovered 3 million jobs in the month, while the unemployment rate is seen contracting from 13.3% to 12.3%. Average Hourly Earnings are still seen well above average, although returning to pre-pandemic levels. The yearly figure is seen at 5.3% from 6.7% in the previous… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
