U.S. June nonfarm payrolls only added 57,000, far below the expected 100,000, and May was revised down to 129,000. The labor market is clearly cooling, and the World Cup also failed to boost hiring. Interestingly, the unemployment rate actually fell to 4.2%, a touch lower than May’s 4.3%. Economists originally thought it would stay at 4.3% for four straight months.

The long positions at 61300 mentioned earlier are currently in profit. For short-term trading, don’t get greedy—take profit with a 500–800 point move and get out! The market hasn’t broken out yet! You need to wait for U.S. markets to lead the way before there’s some room for a bigger move! One more thing: data and market conditions can change unpredictably—be sure to manage your position size!