During the upcoming trading week the release of the United States Non-farm payrolls job report headlines the economic docket. The June US jobs report is expected to show an improvement from the previous months number, with economists forecasting that the United States economy created over 675,000 jobs.

Traders and investors also look to other important data releases from the United States economy, such as the ISM Manufacturing report, ADP Private Sector Employment Report, and Weekly jobs figures.

Other highlights on the economic docket include the German Consumer Price Index report, United Kingdom Gross Domestic figures, and the Manufacturing reports from the Chinese and Japanese economies.

Monday 28th June, FED Dallas Manufacturing Survey

The FED Dallas Manufacturing Outlook survey is a monthly survey where The Dallas Federal Reserve asks firms whether output, employment, orders, prices and other indicators increased, decreased or remained unchanged over the previous month. Based on the responses received, an index is calculated for each indicator. The indexes are calculated subtracting the percentage of respondents reporting a decrease from the percentage reporting an increase.

• The USDCAD pair is only bullish while trading above the 1.2250 level, further upside towards the 1.2450 and 1.2600 resistance levels seems possible.
• If the USDCAD pair trades below the 1.2250 level, sellers are likely to test towards the 1.2180 and 1.2100 support levels.

Tuesday 29th June, German Consumer Price Index

The German Consumer Price Index is released by the Statistisches Bundesamt Deutschland and measures the average price change for all goods and services purchased by households for consumption purposes. CPI is the main indicator to measure inflation and changes in purchasing trends. Germany is the largest economy inside the eurozone, so the ECB and market participants pay close attention to macroeconomic data points coming from the German economy.

• The EURUSD pair is only bullish while trading above the 1.2000 level, key resistance is found at the 1.2050 and 1.2130 levels.
• If the EURUSD pair trades below the 1.2000 level, sellers may test towards the 1.1900 and 1.1850 levels.

Wednesday 30th June, ADP Private Sector Report

The ADP private sector jobs report is released by the Automatic Data Processing Inc, and measures the change in the number of employed people in the private sector of the United States economy. A rise of this figure stimulates economic growth, and is usually seen as being bullish for the US dollar currency. A weaker-than-expected number may cause traders to sell the US dollar currency.

• The USDCHF pair is only bearish while trading below the 0.9200 level, further downside towards the 0.9080 and 0.8990 support levels seems possible.
• If the USDCHF pair trades above the 0.9200 level, buyers are likely test towards the 0.9290 and 0.9380 resistance levels.

Thursday 1st July, US ISM Manufactuing 

The Institute for Supply Management (ISM) Manufacturing  shows business conditions in the United States manufacturing sector. The ISM Manufacturing survey is a significant indicator of the overall economic condition in US. A monthly ISM figure above 50 is seen as positive for the US dollar currency, whereas a below 50 reading is seen as negative for the US dollar currency.

• The GBPUSD pair is only bullish while trading above the 1.3940 level, key resistance is found at the 1.4000 and 1.4130 levels.
• If the GBPUSD pair trades below the 1.3940 level, sellers may test towards the 1.3850 and 1.3770 levels.

Friday 2nd July, US Nonfarm Payrolls Job Report

The NFP job report shows the monthly change in employment in the American economy, excluding the farming sector. The Non-farm payrolls job report is the most carefully observed indicator in the employment situation inside the United States. It is considered the most inclusive calculation of job creation, which causes the Nonfarm Payrolls Job report to become highly significant to market participants, due to the great importance of labour in the United States economy.

• The USDJPY pair is only bearish while trading below the 110.00 level, further losses towards the 109.30 and 108.50 levels remains possible.
• If the USDJPY pair trades above the 110.00 level, buyers are likely to test the 111.00 and 111.30 resistance levels.