Total US non-farm payroll employment rose by 1.8 million in July, the Bureau of Labour Statistics reported Friday. Although beating expectations, we’re still a long way off the 4.791 million rise in June, which is unsurprising due to increasing COVID-19 cases across the US.
Key risk events today: RBA Monetary Policy Statement; RBA Assist Gov Ellis Speaks; China Trade Balance; Canada Employment Change and Unemployment Rate; US Average Hourly Earnings m/m; US Non-Farm Employment Change; US Unemployment Rate. (Previous analysis as well as outside sources – italics). EUR/USD: EUR/USD traded pretty much unchanged into US hours Thursday, marginally fading … Continue reading Friday 7th August: Technical Outlook and Review – NFP Eyed