This is what you need to know to operate today Thursday, July 3:
The commercial action in the financial markets becomes moderate early on Thursday while investors prepare for the US JUNE EMPLOYMENT REPORT, which will include the unemployment rate, non -agricultural payroll and salary inflation data. The US economic calendar will also offer weekly data on unemployment applications and the Purchasing Management Index (PMI) of Services Institute of the Supply Management Institute (ISM) for June.
US dollar price this week
The lower table shows the percentage of the US dollar change (USD) compared to the main currencies this week. American dollar was the weakest currency against the Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.58% | 0.48% | -0.37% | -0.71% | -0.62% | -0.35% | -1.00% | |
| EUR | 0.58% | 1.03% | 0.22% | -0.14% | -0.06% | 0.24% | -0.43% | |
| GBP | -0.48% | -1.03% | -1.00% | -1.17% | -1.08% | -0.80% | -1.45% | |
| JPY | 0.37% | -0.22% | 1.00% | -0.34% | -0.19% | 0.07% | -0.57% | |
| CAD | 0.71% | 0.14% | 1.17% | 0.34% | 0.05% | 0.37% | -0.28% | |
| Aud | 0.62% | 0.06% | 1.08% | 0.19% | -0.05% | 0.28% | -0.37% | |
| NZD | 0.35% | -0.24% | 0.80% | -0.07% | -0.37% | -0.28% | -0.65% | |
| CHF | 1.00% | 0.43% | 1.45% | 0.57% | 0.28% | 0.37% | 0.65% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the US dollar of the left column and move along the horizontal line to the Japanese yen, the percentage change shown in the box will represent the USD (base)/JPY (quotation).
After starting the day with a bullish tone on Wednesday, the US Dollar (USD) He lost his impulse of recovery during the American session to close the day with small profits. The data published by Automatic Data Processing (ADP) showed that employment in the private sector decreased by 33,000 in June. This reading followed the increase of 29,000 registered in April and remained well below the expectation of the market of +95,000. The financial markets in the US will close early Thursday and remain closed on Friday of the July 4 holiday. The USD index remains relatively quiet in the European morning and moves up and down in a adjusted range below 97.00. Meanwhile, the Chamber Republicans have not yet approved the bill of tax cuts and expenses of President Donald Trump.
EUR/USD It moves up and down in an adjusted range around 1,1800 after registering marginal losses on Wednesday.
GBP/USD About 1,3650 is stabilized after suffering great losses on Wednesday. The bonds of the United Kingdom government and the sterling pound were subjected to strong sales pressure during the European session on Wednesday after the British finance minister, Rachel Reeves, seems visibly annoying during the questions to the prime minister, since Prime Minister Keir Starmer refused to ensure that she would remain in her position until the next elections. Later in the day, Starmer said Reeves would remain as a chancellor “for a long time”, relieving concerns about political agitation.
USD/JPY It advances slightly upwards on Thursday but remains below 144.00. The member of the Bank of the Bank of Japan (BOJ), Hajime Takata, said Thursday that Japan is close to achieving the target of the Boj, but has not yet achieved it completely, so it needs to maintain a accommodating monetary policy.
Gold He extended his recovery for the third consecutive day on Wednesday. The Xau/USD remains in a consolidation phase above $ 3,350 in the European morning on Thursday.
Non -agricultural payrolls – Frequently asked questions
Non -agricultural payroll (NFP) are part of the monthly employment report of the US Labor Statistics Office. The non -agricultural payroll component specifically measures the change in the number of people employed in the United States during the previous month, not including the agricultural sector.
The number of non -agricultural payroll (NFP) can influence the decisions of the Federal Reserve by providing a measure of the success with which the Fed is fulfilling its mandate to promote full employment and an inflation of 2%. A relatively high NFP figure means that there are more people used, earning more money and, therefore, probably spending more. A result of relatively low agricultural payrolls, on the other hand, could mean that people are having difficulty finding work. The Fed will normally increase interest rates to combat high inflation caused by low unemployment, and lower them to stimulate a stagnant labor market. “
Non -agricultural payrolls generally have a positive correlation with the US dollar. This means that when the figures are higher than expected, the dollar tends to rise and vice versa when they are minors. Non -agricultural payrolls influence the US dollar under its impact on inflation, monetary policy expectations and interest rates. A higher NFP generally means that the Federal Reserve will be more restrictive in its monetary policy, which will support the dollar.
Non -agricultural payrolls generally have a negative correlation with the price of gold. This means that a number of payroll greater than expected will have a depressive effect on the price of gold and vice versa. A higher NFP generally has a positive effect on the value of the US dollar and, like most main raw materials, gold is quoted in US dollars. Therefore, if the US dollar gains value, less dollars are required to buy an ounce of gold. In addition, higher interest rates (which generally helped a higher NFP) also reduce the attractiveness of gold as an investment compared to staying in cash, where money will at least generate interest. “
Non -agricultural payrolls are only a component within a broader employment report and can be seen eclipsed by other components. Sometimes, when non -agricultural payrolls are greater than expected, but the average weekly profits are lower than expected, the market has ignored the potentially inflationary effect of the main result and interprets the fall in profits as deflationary. The components of the participation rate and the average weekly hours can also influence the market reaction, but only in rare events such as the “great resignation” or the global financial crisis. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
