15:30 MSK. USA: Change in the number of people employed in non-farm payrolls for August.
15:30 MSK. US: Changes in average hourly wages for August.
Forex forecast euro \ USD pair EURUSD today 09/06/2019
The main event of the day will be the publication of data on the labor market in the US in August. The report will be published in twelve days before the meeting of the US Federal Reserve, and investors will be closely watching the incoming statistics. As before, the two indicators of market participants are interested in: the rate of growth of average earnings and the number of people employed in non-agricultural sector. By the first measure kosnensus forecast assumes a reduction in the level of 3%, and this opinion can accept as the escalation of the US and China trade war is forcing businesses to reduce costs and "tighten their belts". ISM Institute conducted a survey among business representatives in the field of industry and services, which recorded a decline in employment in most sectors of the US economy, with industries such as furniture, textiles, petroleum products and fertilizers have recorded improvements in working conditions. The number of applications for unemployment benefits rose to three thousand in August. In the United States there is the following seasonal factor - employment in the agricultural sector are generally higher than in July, but in August 2015 and 2016. GG Non-Farm figure was lower than that at times accompanied by the increasing number of applications for unemployment benefits. The first reaction of the market could be positive for the euro, then we will see profit-taking on the "Long" and a downward correction. that just was accompanied by a growth in the number of applications for unemployment benefits. The first reaction of the market could be positive for the euro, then we will see profit-taking on the "Long" and a downward correction. that just was accompanied by a growth in the number of applications for unemployment benefits. The first reaction of the market could be positive for the euro, then we will see profit-taking on the "Long" and a downward correction.
EURUSD recommendation: Buy 1.1015 / 1.0995, and take profit 1.1050
Forex rate forecast for the pound dollar pair GBPUSD 06.09.2019
The British pound ends the week on a positive note. Britain's Finance Minister S. Javid said the progress in the negotiations with HH The chances of concluding an agreement with Brussels rather high. Debt market reacts positively to this event: the British government bond yields demonstrates the growth in relation to their counterparts in the US and Germany. In the United States, by contrast, there is a slight pessimism. Most Fed officials support the reduction of interest rates by another quarter percentage point. Agency ADP has reported that in the coming months should not expect strong job growth in the US economy.
GBPUSD recommendation: Buy 1.2290 / 1.2270, and take profit 1.2355
Forex forecast of the dollar yen pair USDJPY today 06/09/2019
The course of trade is strongly influenced by the dynamics of the stock market and macroeconomic data from the United States.Stock markets around the world demonstrate rapid growth. China's commerce ministry has positively estimated the telephone talks with Washington, which took place on Thursday. Vice-Premier Wu Liu He said that Beijing has enough tools to increase lending to small and medium-sized. Celestial intends to improve the mechanism of the effect of monetary policy. Thus, the Chinese understand the seriousness of the problem and are ready to provide additional liquidity to the banking system. This factor will have market shares of additional support, which has a positive impact on the currency pair USDJPY.
USDJPY recommendation: Buy 106.65 / 106.40 and take profit 107.00