July 2: US Labor Market in Focus Euro / U.S. DollarFOREXCOM:EURUSDProfessorSingapore🇺🇸📊 July 2: US Labor Market in Focus The main volatility window begins at 12:30 UTC, with Nonfarm Payrolls, unemployment, wages and jobless claims released simultaneously. What to expect: 📈 Strong employment and wage data may support USD and Treasury yields, increase hawkish Fed expectations and pressure gold, Bitcoin and equities. 📉 Weak data may weigh on USD and yields, strengthen expectations of easier Fed policy and support risk assets. ⚠️ Mixed figures could cause sharp two-way volatility. Wage growth and unemployment may matter more than the headline payroll number. European unemployment data may influence EUR, while Canada’s Manufacturing PMI can affect CAD. Factory Orders at 14:00 UTC will provide an additional signal on US economic momentum.