Posted at 07 June 2025 / Categories Market Roundups
Market Roundup
•US Average Hourly Earnings (YoY) (May): 3.9%, 3.7% forecast, 3.9% previous
•US Average Weekly Hours (May): 34.3, 34.3 forecast, 34.3 previous
•US Government Payrolls (May): -1.0K, 1.0K previous
•US Manufacturing Payrolls (May): -8K, -1K forecast, 5K previous
•US Nonfarm Payrolls (May): 139K, 126K forecast, 147K previous
•US Participation Rate (May): 62.4%, 62.6% previous
•US Private Nonfarm Payrolls (May): 140K, 110K forecast, 146K previous
•US U6 Unemployment Rate (May): 7.8%, 7.8% previous
•US Unemployment Rate (May): 4.2%, 4.2% forecast, 4.2% previous
•Canada Avg Hourly Wages Permanent Employees (May): 3.5%, 3.5% previous
•Canada Employment Change (May): 8.8K, -11.9K forecast, 7.4K previous
•Canada Full Employment Change (May): 57.7K, no forecast, 31.5K previous
•Canada Part Time Employment Change (May): -48.8K, -24.2K previous
•Canada Participation Rate (May): 65.3%, 65.3% previous
•Canada Unemployment Rate (May): 7.0%, 7.0% forecast, 6.9% previous
•US . Baker Hughes Oil Rig Count: 442, 451 previous
•US . Baker Hughes Total Rig Count: 559, 563 previous
•US Consumer Credit (Apr): 17.87B, 11.30B forecast, 8.60B previous
Looking Ahead Economic Data(GMT)
•No Economic Data
Looking Ahead Events And Other Releases(GMT)
• No Events
Currency Summaries
EUR/USD: The euro slipped on Friday as the U.S. dollar regained strength following solid U.S. jobs data that helped ease concerns about the state of the labor market. According to the Labor Department, non-farm payrolls rose by 139,000 in May, exceeding the expected 130,000 gain. The unemployment rate held steady at 4.2%, matching forecasts. Meanwhile, uncertainty lingered over trade policy after a closely watched phone call between U.S. President Donald Trump and China’s Xi Jinping yielded no major breakthroughs. Despite Friday’s pullback, the euro remained on track for a weekly gain against the dollar, having reached a six-week high of $1.1495 the previous day following remarks from ECB President Christine Lagarde signaling the bank was close to ending its monetary easing cycle.. immediately after the jobs data and was down 0.43% at $1.1395 Immediate resistance can be seen at 1.1512(23.6%fib), an upside break can trigger rise towards 1.1556(Higher BB).On the downside, immediate support is seen at 1.1378(Daily low), a break below could take the pair towards 1.1334(38.2%fib).
GBP/USD: The British pound edged lower on Friday as a slightly stronger-than-expected U.S. jobs report and renewed hopes of progress in U.S.-China trade talks boosted the dollar. Data from the U.S. Labor Department showed nonfarm payrolls rose by 139,000 in May—below April’s 147,000 increase, but above the 130,000 forecast. The upcoming U.S. consumer price index (CPI) report, due Wednesday, is now in focus as investors look for signs of tariff-related inflation ahead of the Federal Reserve's June 17–18 policy meeting. Adding to market sentiment, White House adviser Peter Navarro said U.S. and Chinese negotiators are expected to meet in the coming week, providing cautious optimism on the trade front. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.53% to 99.20 on the session, but it is on track to notch a weekly loss. Immediate resistance can be seen at 1.3644(23.6%fib), an upside break can trigger rise towards 1.3716(Higher BB).On the downside, immediate support is seen at 1.3464(38.2%fib), a break below could take the pair towards 1.3308(50%fib).
USD/CAD: The Canadian dollar slipped slightly against the U.S. dollar on Friday but remained on track for a weekly gain, supported by solid domestic jobs data. Canada added 8,800 jobs in May, beating expectations for a decline of 12,500. However, the unemployment rate rose to 7%, its highest level in nearly nine years outside of the COVID-19 peak. The data reinforced expectations that the Bank of Canada will hold its benchmark interest rate steady at 2.75% in July, with market pricing showing a 73% probability up from 67% prior to the report. Meanwhile, oil prices crucial to Canada’s economy rose nearly 2%, with U.S. crude futures climbing to $64.62 per barrel, buoyed by optimism over U.S.-China trade negotiations .The loonie was trading nearly 0.1% lower at 1.3695 per U.S. dollar, after moving in a range of 1.3661 to 1.3704. Immediate resistance can be seen at 1.3772(38.2% fib), an upside break can trigger rise towards 1.3852 (50% fib).On the downside, immediate support is seen at 1.3642(23.6% fib), a break below could take the pair towards 1.3571(Lower BB).
USD/JPY: The U.S. dollar gained against the Japanese yen on Friday following better-than-expected employment data for May, despite a slight slowdown compared to the previous month. The Labor Department reported an increase of 139,000 nonfarm payroll jobs in May, exceeding economists' forecasts of 130,000, though lower than the revised 147,000 jobs added in April. This stronger-than-anticipated jobs growth suggests that the Federal Reserve may delay cutting interest rates for a longer period.Previously, the dollar had faced pressure amid uncertainty over President Trump's tariff policies, ongoing trade talks with China, concerns about U.S. deficit spending, and a tax bill under Senate consideration. However, the solid economic data, especially the recent jobs figures, have encouraged investors to reduce their short positions against the dollar, providing support for the currency’s rebound against the yen.. Immediate resistance can be seen at 145.47 (50%fib)an upside break can trigger rise towards 146.78 (61.8%fib) .On the downside, immediate support is seen at 144.16(38.2%fib)a break below could take the pair towards 142.45(23.6%fib)
Equities Recap
European shares climbed for a second consecutive week, supported by strong U.S. employment data and easing worries over trade tensions that had earlier unsettled investor sentiment..
UK's benchmark FTSE 100 closed up by 0.30 percent, Germany's Dax ended down by 0.08percent, France’s CAC finished the day up by 0.19 percent.
Wall Street closed the week on a high, recovering strongly from Thursday’s sell-off as all three major indexes rose over 1% on the day and recorded weekly gains.
Dow Jones closed up by 1.05% percent, S&P 500 closed up by 1.03% percent, Nasdaq settled up by 1.20% percent.
Commodities Recap
Gold dipped over 1% on Friday following stronger-than-expected U.S. jobs data, which reduced expectations for near-term Federal Reserve rate cuts, while silver surged to its highest level since 2012.
Spot gold fell 1.1% to $3,316.13 an ounce, as of 02:28 p.m. ET (1828 GMT), but rose 0.8% for the week so far.U.S. gold futures settled 0.8% lower at $3,346.60.
Crude oil prices climbed over $1 per barrel on Friday, marking their first weekly gain in three weeks as gains was driven by a positive U.S. jobs report and the resumption of U.S.-China trade talks, boosting optimism for economic growth in the world’s two largest economies.
Brent crude futures settled at $66.47 a barrel, up $1.13, or 1.73%. U.S. West Texas Intermediate crude finished at $64.58, up $1.21 or 1.91%.