US LABOR MARKET: MNI US Employment Insight: Payrolls Surge, Hike Seen This Year
Jun-05 17:35
- We have published and e-mailed to subscribers the MNI US Employment Insight.
- Please find the full report, including detailed MNI analysis of the payrolls release plus a variety of other key labor indicators, here: Hidden PDF
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US TSY OPTIONS: Scale Buyer Jun'26 10Y Put over 100k
May-06 17:35
- +20,000 TYM6 110 puts, 11 ref 110-26.5, paid 12 earlier, total volume over 105k
GBPUSD TECHS: Bullish Set-Up
May-06 17:30
- RES 4: 1.3868 High Jan 27 and a key bull trigger
- RES 3: 1.3814 High Jan 30
- RES 2: 1.3701 76.4% retracement of the Jan 27 - Mar 31 bear leg
- RES 1: 1.3658 High May 01
- PRICE: 1.3599 @ 16:43 BST May 6
- SUP 1: 1.3460 50-day EMA
- SUP 2: 1.3381 Low Apr 13
- SUP 3: 1.3287/3159 Low Apr 8 / Low Mar 31 and the bear trigger
- SUP 4: 1.3125 Low Nov 26 ‘25
Bullish trend conditions in GBPUSD remain intact and the pair is trading closer to its recent highs. A resumption of the uptrend would signal scope for an extension towards 1.3701, a Fibonacci retracement. Support to watch lies at 1.3460, the 50-day EMA. A clear break of it would be a bearish development and reinforce a recent potential bear threat highlighted by a death cross in MA studies (50-dma < 200-dma).
LOOK AHEAD: Thursday Data Calendar: Non-Farm Productivity, Weekly Claims, Fed Sp
May-06 17:25
- US Data/Speaker Calendar (prior, estimate). All times ET
- 05/07 0730 Challenger Job Cuts Total (60,620 prior), YoY (-78.0% prior)
- 05/07 0830 Nonfarm Productivity 1Q prelim (1.80%, 0.6%)
- 05/07 0830 Unit Labor Costs 1Q prelim (4.40%, 2.5%)
- 05/07 0830 Initial Jobless Claims (189k, 205k), Continuing Claims (1.785M, 1.8M)
- 05/07 1000 Construction Spending MoM (-0.3%, 0.2%)
- 05/07 1100 NY Fed 1-Yr Inflation Expectations (3.42%, 3.5%)
- 05/07 1100 NY Fed Survey of Consumer Expectations
- 05/07 1130 US Tsy $90B 4W & $85B 8W bill auctions
- 05/07 1300 MN Fed Kashkari fireside chat
- 05/07 1405 Cleveland Fed Hammack fireside chat
- 05/07 1500 Consumer Credit ($9.484B, $13.25B)
- 05/07 1530 NY Fed Williams moderated discussion
- Source: Bloomberg Finance L.P. / MNI
