Posted at 05 June 2026 / Categories Market Roundups
Market Roundup
• US Average Hourly Earnings (MoM) (May): 0.3%, 0.3% forecast, 0.2% previous.
• US Nonfarm Payrolls (May): 172K, 85K forecast, 179K previous.
• US Unemployment Rate (May): 4.3%, 4.3% forecast, 4.3% previous.
• US Private Nonfarm Payrolls (May): 120K, 85K forecast, 177K previous.
• US Average Hourly Earnings (YoY) (May): 3.4%, 3.4% forecast, 3.6% previous.
• US Participation Rate (May): 61.8%, 61.8% previous.
• US U6 Unemployment Rate (May): 8.1%, 8.2% previous.
• US Government Payrolls (May): 52.0K, 2.0K previous.
• US Manufacturing Payrolls (May): 7K, 2K forecast, 0K previous.
• US Average Weekly Hours (May): 34.3, 34.3 forecast, 34.3 previous.
• Canada Unemployment Rate (May): 6.6%, 6.9% forecast, 6.9% previous.
• Canada Employment Change (May): 87.8K, 10.6K forecast, -17.7K previous.
• Canada Part-Time Employment Change (May): -66.2K, 29.0K previous.
• Canada Full-Time Employment Change (May): 154.0K, -46.7K previous.
• Canada Avg Hourly Wages Permanent Employees (May): 3.2%, 4.8% previous.
• Canada Participation Rate (May): 65.0%, 65.1% forecast, 65.0% previous.
• Canada Ivey PMI (May): 58.2, 54.5 forecast, 57.7 previous.
• Canada Ivey PMI n.s.a (May): 61.3, 61.5 previous.
Looking Ahead Economic Data (GMT)
•No Data Ahead
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Summaries
EUR/USD : The euro edged lower on Friday as stronger U.S. labour market data reinforced expectations of a more hawkish Federal Reserve. Nonfarm payrolls rose by 172,000 in May, following a revised 115,000 gain in April, well above the 85,000 forecast in a Reuters poll.In response, money markets increased bets on tighter U.S. policy, now pricing a 98% probability of a 25-basis-point rate hike before year-end, up sharply from around 60% prior to the data release.Attention is also turning to the upcoming Federal Reserve meeting later this month, which will be chaired by new Fed Chair Kevin Warsh. Market participants suggest that persistent inflation pressures may prove a greater challenge for policymakers than labour market conditions, especially as Warsh is expected to navigate differing views within the committee. The euro fell after the release of U.S. jobs data, and was last down 0.29% at $1.1521. Immediate resistance can be seen at 1.1642(SMA20), an upside break can trigger rise towards 1.1658(38.2%fib).On the downside, immediate support is seen at 1.1513(Lower BB), a break below could take the pair towards 1.1420(23.6%fib).
GBP/USD: The pound edged lower on Monday as the U.S. dollar strengthened following a robust U.S. jobs report. Nonfarm payrolls rose by 172,000 in the latest month, after an upwardly revised 179,000 increase in April, significantly beating economists’ expectations of 85,000.In the UK, data from Halifax showed house prices unexpectedly slipped 0.1% in May, adding to signs of cooling in the property market as higher borrowing costs and uncertainty linked to geopolitical tensions weigh on demand.Markets currently expect the Bank of England to hold interest rates at 3.75% this month, though some traders are still pricing in one or possibly two further quarter-point hikes later in the year.Political developments UK are in focus, with Labour mayor Andy Burnham indicating he would consider entering a leadership contest against Prime Minister Keir Starmer if he performs strongly in upcoming local elections, adding another layer of uncertainty for sterling..Immediate resistance can be seen at 1.3441(SMA 20), an upside break can trigger rise towards 1.3476(50%fib).On the downside, immediate support is seen at 1.3341(38.2%fib), a break below could take the pair towards1.3292(Lower BB).
USD/CAD: The ?Canadian dollar weakened on Friday as markets reacted to stronger U.S. employment data alongside Canadian jobs report. Nonfarm payrolls increased by 172,000 jobs last month after rising by an upwardly revised 179,000 in April, the Labor Department's Bureau of Labor Statistics said. Canada's economy added 87,800 jobs and the unemployment rate fell to 6.6% in May, wiping out much of the job declines since the start of the year.Average hourly wages of permanent employees, a metric closely tracked by the Bank of Canada to gauge inflation expectations, grew 3.2% in May, a sharp decline from 4.8% in April.The unemployment rate for youth declined 0.9 percentage ?points to 13.4%, the first decline since January, StatsCan said.Investors were pricing in roughly 40 basis points of interest rate hikes by the Bank of Canada through the end of the year. Immediate resistance can be seen at 1.3950(23.6% fib), an upside break can trigger rise towards 1.3970(Higher BB).On the downside, immediate support is seen at 1.3857(38.2% fib), a break below could take the pair towards 1.3791(SMA 20).
USD/JPY: The dollar strengthened against yen on Friday after stronger-than- expected jobs data out of the U.S.Nonfarm payrolls increased by 172,000 jobs in May after rising by an upwardly revised ?179,000 in April, the U.S. Labor Department's Bureau of Labor Statistics said in its report. A ?Reuters poll had forecast a gain of 85,000 jobs after a previously reported rise of 115,000 in April. The stronger U.S. jobs data pushed the dollar sharply higher against the yen, with USD/JPY testing the key 160-per-dollar level this week a zone that has previously triggered intervention by Japanese authorities. The move came as safe-haven demand remained supported amid ongoing Middle East tensions.The proximity to the 160 level prompted renewed verbal warnings from Japanese officials. Finance Minister Satsuki Katayama reiterated that authorities are prepared to respond at any time and reserved the right to take “decisive action” in response to excessive currency volatility, reinforcing concerns about potential intervention risk if weakness in the yen persists. Immediate resistance can be seen at 160.25(Daily high) an upside break can trigger rise towards 160.67(23.6%fib) .On the downside, immediate support is seen at 159.15(38.2%fib) a break below could take the pair towards 158.98(SMA 20 ).
Equities Recap
European shares slipped on Friday and ended the week lower as uncertainty over Middle East peace efforts weighed on sentiment, while technology stocks paused after a strong two-month rally.
UK's benchmark FTSE 100 closed up by 0.07 percent, Germany's Dax ended down by 0.75 percent, France’s CAC finished the day up by 0.32 percent.
Wall Street’s nine-week winning streak ended on Friday as technology stocks fell sharply after a strong May jobs report raised concerns about a potential hawkish shift from the Federal Reserve.
Dow Jones closed down by 1.35% percent, S&P 500 closed down by 2.64 % percent, Nasdaq settled down by 4.18% percent.
Commodities Recap
Gold dropped about 3% on Friday after strong U.S. jobs data boosted expectations of higher-for-longer Fed rates amid ongoing Middle East inflation concerns.
Spot gold was down 2.96% at $4,341.52 per ounce at 1:44 p.m. EDT (1744 GMT), after falling ?to its lowest level since March 24 earlier in the session. Bullion was down ?about 4.3% this week.
Oil ?prices fell on Friday as traders gained confidence that renewed conflict between the U.S. and Iran was growing less likely.
Brent crude futures settled at $93.09 a barrel, down $1.94 or 2.04%. The previous session, Brent settled 2.84% lower.
Oil prices fell on Friday as traders grew more confident that renewed U.S.-Iran conflict was becoming less likely, easing geopolitical risk premiums.
Brent crude futures settled at $93.09 a barrel, down $1.94 or 2.04%. The previous session, Brent settled 2.84% lower.
U.S. West Texas Intermediate crude finished at $90.54 a barrel, down $2.50, or 2.69%, following a 3.1% loss on Thursday.