US jobs report overview Friday’s US economic docket highlights the release of keenly watched US monthly jobs report, popularly known as NFP. The report is scheduled to be released at 1230GMT and is expected to show that the US economy added 195K new jobs during the month of June. The unemployment rate is anticipated to hold steady at an 18-year low level of 3.8% and average hourly earnings, which have gained more traction in the recent past, could rise 0.3% m/m and the yearly rate is estimated to edge up to 2.8%. Deviation impact on EUR/USD Readers can find FX Street’s proprietary deviation impact map of the event below. As observed the reaction in case of a relative deviation of +4.33 or -1.46 is likely to be in the range of 30-41 pips during the first 15-minutes and could stretch to around 64-120 pips in the following 4-hours. How could the data affect EUR/USD? Yohay Elam, FXStreet’s own Analyst explains: “1.1720 capped the pair in late June. Higher, the round 1.1800 level separated ranges during June and May. Key resistance awaits at 1.1850, the swing high of June 14th.” “1.1650 is a pivotal line in recent months, a magnet for the pair. Further down, 1.1615 was a place where the pair paused on its way up. 1.1590 was the low point on July 2nd,” he adds further. Key Notes “¢ Nonfarm Payroll preview: tariffs could overshadow employment data “¢ How to trade the US Non-Farm Payrolls with EUR/USD “¢ EUR/USD sticks to gains near 1.1715 ahead of US NFP About the US monthly jobs report The nonfarm payrolls released by the US Department of Labor presents the number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank. The number is also subject to strong reviews in the upcoming months, and those reviews also tend to trigger volatility in the forex board. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish), although previous months reviews and the unemployment rate are as relevant as the headline figure, and therefore market’s reaction depends on how the market assets them all. 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 US NFP Preview: 7 major banks expectations from June employment report FX Street 3 years US jobs report overview Friday's US economic docket highlights the release of keenly watched US monthly jobs report, popularly known as NFP. The report is scheduled to be released at 1230GMT and is expected to show that the US economy added 195K new jobs during the month of June. The unemployment rate is anticipated to hold steady at an 18-year low level of 3.8% and average hourly earnings, which have gained more traction in the recent past, could rise 0.3% m/m and the yearly rate is estimated to edge up to 2.8%. Deviation impact on EUR/USD Readers can find… Top 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.
