Important events today:

12:15 UTC – USA: Non-farm payroll change.

The main event of the day will be the publication of a release on the US employment market for May. Leading indicators point to a weak data release, which could cause a short-term decline in the dollar against most competitors. Firstly, the ADP agency pointed to an increase in employment in the private sector by only 127 thousand. Data on Non-Farm and ADP rarely coincide, but the trend is important here, and it is downward.

For the past three months in a row, the employment rate has been below the annual average, with the decline intensifying in May. Employment in industry, according to the ISM Institute, has also declined. Ideally, we’d still see an employment release from the ISM for the service sector, but that report will come out next week. In general, the trend in employment is downward and for the dollar this is a negative factor in the short term.

Recommendations: Buy 1.0735/1.0711 with TP 1.0786.