Good Morning Traders!
It is Friday 2nd of June, today we get the much-anticipated employment data for the US, here are some other things to look out for.

The Senate passed legislation to suspend the US debt ceiling and limit government spending through the 2024 election, bringing an end to a drama that threatened a global financial crisis.

The United States is experiencing a factory-building boom, as government incentives to boost local manufacturing, aimed at helping the economy compete with China, drive a wave of investment.

Borrowings from the Federal Reserve's two backstop liquidity facilities were relatively stable last week.

The dollar fell slightly ahead of the release of US employment statistics, which will be critical for investors to fine-tune their wagers on whether the Federal Reserve would pause its tightening cycle at its next meeting. Treasuries and eurozone bonds fell following this week's big gain. Global stock markets rose after the debt-ceiling agreement cleared the final Legislative obstacle.

Money markets now assign a three-in-four chance of a 25 bps hike next month


8:30 AM ET
US Nonfarm Payrolls for May
Median Forecast 195K | Prior 253K | Range 252K/100k

US Unemployment Rate for May
Median Forecast 3.5% | Prior 3.4% | Range 3.6%/3.3%

US Average Earnings MoM
Median Forecast 0.3% | Prior 0.5% | Range 0.5%/0.1%

US Average Workweek Hours
Median Forecast 34.4 | Prior 34.4 | Range 34.5/34.3

Nonfarm Payrolls Prep Article - READ HERE

Good Luck Today Traders!