Good Jobs Report, but not Enough

The US May jobs report surprised on the upside with 175k NFP but disappointed on the unemp rate by rising to 7.6% from 7.5%, suggesting little reason to alter the notion that no reduction of asset purchases will take part before year-end. If EURUSD rallies on Monday then it would complete the 6th straight daily gain, which is the longest winning streak in over 2 years. 3 new trades in EURUSD were issued ahead of the jobs report,  2 of which are filled and in progress.  CAD strengthens across the board on 95.7k net new jobs, beating the 2002 recors. More access in the Latest Premium Insights.