The US Independence Day holiday has brought forward the release of a stack of data, most notably the NFP figures.

The EURUSD made small gains overnight after opening at $1.12333. The euro remained steady early before falling to lows of $1.11839 mid-session. It rocketed off those lows, peaking at $1.12749 a few hours later. It has come off those highs and is now trading at $1.12501. The GBPUSD continues to make solid gains after opening at $1.23901.  The pound slid early in the day, hitting lows of $1.23575. It bounced off those lows and climbed to a late high of $1.24902. It is not far off those highs and is now trading at $1.24665.

The Dow was flat for most of the day, eventually ending the session slightly in the red. The index began the day at 25,774.69 and traded in a tight range for the first half of the day, dipping to lows of 25,509.00 mid-session. It rebounded off those lows, peaking at 26,025.91 a couple of hours later. Those highs were not held for long as the Dow gave up those gains late in the day. It is now trading at 25,670.65. The Dax opened at 12,342.07 and edged up to a high of 12,398.40 early in the day. The wheels fell off shortly afterwards as the decline began and only accelerated mid-session as the German index fell to lows of 12,080.06. It remained near those lows for an hour or so before rallying over the back end of the day, eventually closing at 12,308.09. It has opened lower on Thursday and is now trading at 12,241.80.

The day ahead will be dominated by the publication of jobs data from the US. The US is tipped to have added 3,037,000 jobs during the previous month, continuing on from the 2,509,000 jobs added the month before. The Unemployment Rate is forecast to fall from 13.3% to 12.4% while Average Hourly Earnings is expected to contract by 0.8%.

Other data published today includes:

Australia – Trade Balance

Canada – Trade Balance, Manufacturing PMI

US – Unemployment Claims, Factory Orders, Natural Gas Storage

Europe – European Unemployment Rate & PPI, Spanish Unemployment Change, Italian Monthly Unemployment Rate, Swiss CPI

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