Dear Traders,
The high impact Non Farm Payroll (NFP) will be released on Jul 07, 12:30; this report heavily affects the US dollar, the bond market and the stock market
As there are mixed messages regarding the US economy and increasing split on the outlook for inflation, the decision to raise interest rates may have been premature with the dollar under pressure.
Soft inflation in the US during the last few months have cast doubts on additional hikes this year, this has been followed by poor ADP survey, and rising unemployment. The NFP report is expected to be around 179K new jobs in June with unemployment rate expected unchanged.
If the report is as expected, the focus could be on the wages reports, however overall there needs to be a big change to stop the current USD slide.
Check the NFP results in real time: http://www.yadix.com/forex-trading-community/economic-calendar/
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