Analysts at NBF suggest that in the U.S, the most important piece of news will be non-farm payrolls for May and with jobless claims remaining near a 50-year low in the month, which are hinting at a very low rate of layoffs in the country. Key Quotes “Still, the shrinking number of available qualified workers may have put a lid on hiring. Taking both of these developments into consideration, we anticipate a 170K print. Meanwhile the unemployment rate may stay put at 3.9% if, as we believe, employment gains in the household survey are offset by a rebound in the participation rate. Both personal income and personal spending likely rose in April, buoyed by decent earnings growth. Meanwhile, the annual core PCE deflator may have slid one tick to 1.8%, two tenths shy of the Fed’s target. In other news, the ISM manufacturing index could have increased in May if Markit’s factory PMI is any guide. Finally, Q1 GDP growth could be revised down slightly.” 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 USD/CHF advances to fresh 5-day high as USD gathers strength FX Street 5 years Analysts at NBF suggest that in the U.S, the most important piece of news will be non-farm payrolls for May and with jobless claims remaining near a 50-year low in the month, which are hinting at a very low rate of layoffs in the country. Key Quotes "Still, the shrinking number of available qualified workers may have put a lid on hiring. Taking both of these developments into consideration, we anticipate a 170K print. Meanwhile the unemployment rate may stay put at 3.9% if, as we believe, employment gains in the household survey are offset by a rebound in the… 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.
