✅ [June 6 FX Market Summary] All Eyes on U.S. Jobs Report ｜An Upside Surprise Could Shock the Market

✅ [June 6 FX Market Summary] All Eyes on U.S. Jobs Report ｜An Upside Surprise Could Shock the Market

📰 Today’s Key Market Focus

The spotlight is on the U.S. Nonfarm Payrolls (NFP) for May.
FX, equities, and bond markets are all treading cautiously ahead of the release.

📈 NFP Forecast Overview

📌 Economist forecast range: +75K to +190K
→ A stronger-than-expected result could trigger significant market reactions, particularly given the weak ADP data earlier this week, which has primed the market for a softer print.

💬 Notable Topics Today

• Trump’s Verbal Pressure on the Fed
  After the ADP release earlier this week, Trump once again criticized Fed Chair Powell, saying “rate cuts are too slow.”
  A similar comment today could stir up short-term volatility.

• ECB Speakers on Deck
  Several central bank officials including President Lagarde are scheduled to speak.
  Markets will closely listen for guidance on the future policy path following Thursday’s 0.25% rate cut.

• Last Day Before Fed Blackout Period Begins
  As the Fed enters its policy communication blackout this weekend, today’s comments from Fed members may carry added weight.

🌍 Other Key Economic Releases

💬 Trader Comment

“Tonight’s NFP is set to be market-moving, especially with recent ADP and JOLTS figures painting a mixed picture. I’ll be ready for a swift response to any surprise. Also watching EUR crosses—comments from ECB officials may stir fresh movement.”