- S&P and NASDAQ indices close at record levels.
- Dow pushes into positive territory at closeCrude oil futures settle at $77.74
- The EURUSD bounced off a swing area support and is back testing retracement targets
- U.S. Treasury sells $53 billion of 3 year notes at a high yield of 4.659%
- ECB Pres. Lagarde: Rates not necessarily on a linear declining path
- European indices close lower. Yields move higher.
- NY Fed survey on consumer expectations: 1Y inflation exp. down slightly to 3.2% from 3.3%
- US employment trends for May 111.44 versus 110.48 (revised) month
- Kickstart the FX trading day w/a technical look at the EURUSD, USDJPY and GBPUSD
- The AUD is the strongest and the EUR is the weakest as the NA session begins
- ForexLive European FX news wrap: Euro heavy as political angst weighs
- ECB's Nagel: We must be cautious about future rate moves
- Was the US NFP a gamechanger?
The Monday After....
The US jobs report on Friday showed non-farm payroll rising much more than expectations at 272K vs 185K estimate. Average yearly earnings were higher as well (+0.4% vs 0.3% estimate). However, the household survey actually showed a decline of around -400K jobs. That helped to increase the unemployment rate of 4% above expectations of 3.9%.
