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Events to Look Out for Next Week

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  • ECB President Lagarde Speech (EUR, GMT 11:55)
  • Event of the Week – Non-Farm Payrolls (USD, GMT 12:30) – A 310k June nonfarm payroll increase is anticipated. Payroll growth should slow through 2022 alongside reduced growth in the economy. The jobless rate should hold steady for a fourth consecutive month at 3.6%. Hours-worked are assumed to rise 0.3% after the 0.3% gain in May, while the workweek holds steady from 34.6 in March. Average hourly earnings are assumed to rise 0.3%, after a 0.3% May gain, while the y/y wage gain should dip to 5.0% from 5.2%. In the last expansion, we saw a 3.5% peak for y/y wage gains, in both February and July of 2019, before the pandemic boost to an 8.0% peak in April of 2020. The ensuing strength in wage gains has allowed continued robust y/y increases into 2022, though the return of low-paid workers to the workforce is likely restraining wage gains.
  • Labour Market Data (CAD, GMT 12:30) – Canada’s unemployment is anticipated higher in June to 5.2% from 5.1%.

Click here to access our Economic Calendar

Andria Pichidi

Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.






Previous articleMarket Update – July 1 – Sharpest 1st-half decline in 50 years

Having completed her five-year-long studies in the UK, Andria Pichidi has been awarded a BSc in Mathematics and Physics from the University of Bath and a MSc degree in Mathematics, while she holds a postgraduate diploma (PGdip) in Actuarial Science from the University of Leicester.


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