1. US employment report for May, will be released on Friday at 12:30 (GMT) and is expected to cause increased volatility to USD crosses.
2. Non-Farm Payrolls figure: Expected 188k, previous figure 164k.
3. Unemployment rate: Expected at 3.9%, previous reading 3.9%.
4. Average Earnings growth rate: Expected at +2.7% on a year on year basis, previous respective reading 2.6%.

Should the actual results meet the forecast, we see the case for a rather strong employment report which could support the USD.

Overall, the labour market could be tightening even further, as implied by the possible increase of Non-Farm Payrolls figure and the acceleration of the average earnings growth rate from +2.6% yoy to +2.7% yoy.

The possible stabilization of the unemployment rate at 3.9%, could be regarded in a positive light as it remains at very low levels.

Everything seems to be set for a widely expected June rate hike by the Fed regarding the labour market, as further tightening of it could produce some inflationary pressures, especially the forecasted acceleration of the average earnings growth rate.

The Employment Report is announced on a monthly basis every first Friday of the month.

It consists of a basket of employment reports such as the Unemployment rate, Average Hourly Earnings, and the Non-Farm Payrolls report.

The Non-Farm Payrolls report is a highly significant event and one of the biggest market movers in the Forex markets.