Today’s non-farm report may confirm that the US labour market is going through a rough patch, he says:
“If the NFP release follows the ADP number and comes in below the forecast of 165,000 jobs added, that will shake the Dollar and will strengthen the case for an interest rate cut by the Federal Reserve later this month.
The impact could be even more pronounced as the US has just celebrated the Independence Day and traders will inevitably be taking vacations, so lower liquidity can often lead to higher volatility in markets.”
Read the coverage live: The Guardian
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