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E-MINI S&P (U1): Focus Is On Key Resistance


EGB supply for W/C 21 June, 2021: Upcoming


EGB supply for W/C 21 June, 2021: Recap


Outlook Remains Bullish

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Europe's data calendar is quiet on Friday due to the Easter public holiday. In the US the main event to look out for is the release of nonfarm payroll data at 1330BST.

US Nonfarm Payrolls seen Higher

U.S. job growth continued to improve through March, with Bloomberg predicting an increase of 650,000 jobs following a stronger-than-expected 379,000 gain in February.

That should mostly be driven by easing Covid restrictions as more of the population becomes vaccinated and by additional fiscal aid for households and businesses under President Biden's USD1.9 trillion American Rescue Plan.

The unemployment rate should dip slightly to 6% from 6.2% in February, though analysts say it shouldn't fall significantly lower anytime soon, likely hovering near there through at least the first half of the year.

The only event scheduled on Friday is Atlanta Fed's Raphael Bostic speaking at the NBER conference.