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August 06, 2026
Preview: Due August 7 - U.S. July Employment (Non-Farm Payrolls) - Stronger than June, but with a rise in unemployment
August 6, 2026 1:27 PM UTC
We expect July’s non-farm payroll to rise by 120k overall and by 110k in the private sector, a significant improvement from June’s respective gains of 57k and 49k but largely explained by a recovery in leisure and hospitality. We expect unemployment to rise to 4.3% from 4.2%, reversing a June de
Preview: Due August 7 - U.S. July Employment (Non-Farm Payrolls) - Stronger than June, but with a rise in unemployment
August 6, 2026 1:27 PM UTC
We expect July’s non-farm payroll to rise by 120k overall and by 110k in the private sector, a significant improvement from June’s respective gains of 57k and 49k but largely explained by a recovery in leisure and hospitality. We expect unemployment to rise to 4.3% from 4.2%, reversing a June de
U.S. Initial Claims remain low, Q2 Productivity and Unit Labor Costs healthy but Non-Labor Costs surge
August 6, 2026 1:07 PM UTC
Initial claims at 199k from 198k remain very low though continued claims at 1,801m from 1.777m hit a 4-week high. Claims data on balance are giving positive signals for July’s non-farm payroll. Q2 non-farm productivity at 1.4% is stronger than expected and Q2 unit labor costs at 1.3% softer than e
Preview: Due August 7 - Canada July Employment - Another positive month, but tariffs a risk going forward
August 6, 2026 11:53 AM UTC
We expect Canadian employment to increase by 20k in July, a third straight gain, similar to June’s 18.2k though well below May’s 87.8k which was correcting preceding weakness. We expect unemployment to match June’s 6.5% but before rounding to fall to 6.451% from 6.498%.
FX Daily Strategy: N America, Aug 6
August 6, 2026 9:26 AM UTC
A familiar story of waiting for an unclear deal, amid a neede-ly backdrop; dollar still slanted long and heavy
An argument that gold and especially silver poised for a breakout from base
Payrolls Friday next other focal point, largely mid-to-low tier data Thursday
Brazil: 25bps Cut For September
August 6, 2026 6:53 AM UTC
· BCB cut by 25bps to 14%, as widely expected. The statement suggests that COPOM is looking to pause the easing cycle, but we feel the softening of the economy and inflation numbers are enough to deliver one further 25bps cut in September and then the BCB pauses into Q1 2027. We see
FX Daily Strategy:Europe, Aug 6
August 6, 2026 5:35 AM UTC
A familiar story of waiting for an unclear deal, amid a neede-ly backdrop; dollar still slanted long and heavy
An argument that gold and especially silver poised for a breakout from base
Payrolls Friday next other focal point, largely mid-to-low tier data Thursday