After the Bank of England raised interest rates to a six year high of 5.75 percent, the central bank also noted that “the balance of risks” to price stability still “lie to the upside,” leaving the door open to a move to 6.00 percent before year-end.

Rising by the most in six months, stocks in China’s benchmark index rebounded from yesterday’s massive losses.

The US dollar failed to move higher through late New York trade, as a stronger-than-expected Non Farm Payrolls report led to a fresh wave of selling across USD-denominated currency pairs.

Currency technical analyst Jamie Saettele analyzes the euro against the Canadian dollar, Australian dollar, and New Zealand dollar.

Wave 3 of the 5 wave rally that began at 1.3261 is complete at 1.3659 and wave 4 is underway now.

A typically quiet pre-NFP night in the currency markets with most of the majors range bound ahead of the US employment number.

Tim Bourquin interviews Trader Mike, who talks about his style of trading, why he likes shorting stocks more than going long and his thoughts about how blogging helps him be a better trader.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for July 6.

For the past few months, the stability of the labor market has pacified concern about the housing market because as long as people have jobs, they will continue to pay their mortgages. However the problems in the housing market are worsening with sharp drops seen in existing, new and pending home sales for the month of May.

The Canadian labor market is anticipated to tighten for the second consecutive month in June, with 17,000 workers predicted to have been hired on net, leaving the unemployment rate at a 33-year low of 6.1 percent.