Locked and loaded for the June edition of non-farm payrolls: Eyes on the unemployment rate

It’s jobs day!

Be sure to read: June non-farm payrolls by the numbers — the headwinds are starting to blow

The market is antsy about a softening economy so I don’t think a weak report will goose risk assets the way it used to, but that remains to be seen. A strong report would likely kick off another round of bond sales and certainly lead to a rally in the dollar.

Along with the US data, we also get the Canadian jobs report and that could have a stronger impact on the FX market as the market is precisely 50/50 on a July 24 rate cut from the Bank of Canada.

This article was written by Adam Button at www.forexlive.com.