-
The June 3 week focus will be firmly on labor market conditions and how these might affect the upcoming FOMC meeting on June 11-12. The monthly employment report for May is set for release at 8:30 ET on Friday. The change in nonfarm payrolls will be watched carefully to see if it disappoints or not versus market expectations. In April, nonfarm payrolls rose ...
-
Main scenario: consider short positions from corrections below the level of 87.75 with a target of 67.60 – 57.00. Alternative scenario: breakout and consolidation above the level of 87.75 will allow the asset to continue rising to the levels of 94.00 – 100.00. Analysis: supposedly, a downward correction continues developing as second wave of larger degree ...