Friday is the US Jobs Report day, so let’s take a closer look with the Economic Calendar.
First up at 5:45 AM is the Swiss Unemployment Rate for June. The unemployment rate went down by point 2 percentage points in May.
German Trade Balance for May follows at 6. Trade surplus widened in April as exports stood unchanged and imports went down.
UK Trade Balance for May will be available at half past 8. Trade deficit saw little change in April, although exports did grow slightly faster than imports.
So the highly anticipated US Employment Report for June comes at 12:30 PM GMT. The previous report came in much weaker than anticipated, and traders are waiting to see whether it was a one-off event or the beginning of a new trend.
The Canadian Labour Report for June is out at the same time, and it is of high importance to Loonie Dollar traders. Now, the Canadian May report actually surprised on the upside as unemployment fell to a 10-month low.
And last up at 7 o’clock is the US Consumer Credit for May. Credit grew less than expected in April, cooling off from a strong gain the previous month.
I’m Kiays Khalil and you’ve been watching the Economic Calendar for Friday, the 8th of July. Check back in for the next overview of news releases for Monday. Goodbye for now.
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