The United States Employment Statistic Institution gave a report on Friday which was awaited by so many people. That was actually about the NFP or non – farm payroll data which was updated. 

That data noted the employment recruitment outside the farming industry so far. It can be seen that the result showed was quite surprising. It increased by 850k in June period. 

That was beyond the expectation of 725k since the previous month which showed the number of 583k. It triggers the further things happened in the market. What is that? 

The June Unemployment Rate Increased

The unemployement rate in June period increased by 5.9 percent. That was quite huge and beyond the expectation of some people. They think that the increase will be around 5.6%.

A month before that, the rate was around 5.8%. The report shows that something must be fixed, so that more people are able to get the new jobs. It is especially during this pandemic. 

Meanwhile, that report also stated that the average hourly earnings for the June period noted a good rise. It increased by 0.3 percent and the good news is that was in line with the expectation. 

A month before, they were 0.4 % higher. That is maybe a small movement in the market, but in fact it can affect so many sectors and movement on the forex industry. 

The USD was Fluctuated Before

Amidst that condition, so many market participants want to know about the US dollar position. Before, That currency was fluctuated significantly versus the major options in the market. 

It is especially after the data was released. Until late night on Friday, the dollar index which measures the USD performance to some other major currencies was smoothly rising. 

That rose for a little or around the level of 92.55. It means that their position was 0.02 percent higher than before. It could be seen that the increase was not that huge. 

For your information, the Thursday trade also showed a good trend. That trade was closed with the position of 0.19 percent higher. They were in the level of 92.53.

Euro was Weakening to the US Dollar

Elsewhere, another currency which is Euro in this case was also weakening. That was happened in the European session on Friday to the United States Dollar 

The situation was ahead the employment data release in the America. Those are the data of the unemployment rate, nfp, and the average hourly earnings of the society. 

Before, the data was scheduled to be released yesterday night. Until two days ago, the EUR / USD was still around 1.1834 level or declined by 0.12 % with the short – term outlook. 

That outlook was still negative as long as it was traded around 1.197 for the pivot weekly type. That was also under the MA – 200 curve in the H1 time frame. 

The Market Participant Focus

So many people are interesting about what was the point of interest or focus in that time. Based on the data, the answer was the 1.1861 / 1.1867 area. That was the s1 weekly / pivot daily type. 

That becase a focus to track the bearish prospect as long as the price was moving aroubd them. The aim was to threat the 1.1800 and 1.1790. That was known as the s2 weekly as well. 

In the other side, please see if the purchase action of the EUR / USD pair was unable to become a focus and maintain its position. That was under 1.1861 / 1.1867 level.

It was especially after the US employment data release. The candlestick was closed when the H1 / H4 above the 1.1867. That can push the buyers attention to chase the 1.1900 level.