Global macro overview for 07/08/2015:
The most important event of the day is the monthly Non-Farm Payrolls report and Unemployment Rate at 12:30 GMT. The market expects the 224k jobs to be created last month, which is very similar to the last reading of 223k in June. If figures come in line with expectations or better-than-expected, this kind of data may favor the short-term interest ratke rise in September, providing the further evidence of US economy.
The news to be released as scheduled (GMT):improving
12:30 USA Unemployment Rate Jul 5.3% 5.3%High
12:30 USA Non-Farm Employment Change Jul 223K 224KHigh
12:30 USA Change in Private Payrolls Jul 223K 218KMedium
12:30 USA Average Hourly Earnings Jul 0.0% m/m; 2.0% y/y 0.2% m/m; 2.3% y/yMedium
12:30 USA Participation rate Jul 62.6%Medium
12:30 USA Two-Month Payroll Net Revision Jul -60K
