Market Opportunities : Week 05-06-2023 - 09-06-2023

USDIDX: The report on the American labor market for May will be released on Friday, June 2nd. It can affect the exchange rate of the US dollar against all major currencies. The most important indicator of this report is the United States Nonfarm Payrolls. According to forecasts, the increase in the number of new jobs could be +190 thousand. In that case, it would be the lowest value since January 2021.

EURUSD: Preliminary data on inflation for May and unemployment for April will be released on Thursday, June 1st. They can influence the dynamics of the euro. It is worth noting that in April, the European Union Consumer Price Index was +7% y/y. A decrease is expected. European Union Unemployment, according to forecasts, is expected to remain at the March level of 6.5% in April. After the publication of the statistics, there is expected to be a speech by the President of the European Central Bank, Christine Lagarde. She may comment on future monetary policy plans and possible changes in interest rates (3.75%).