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Gold prices rebounded from more than three-month lows on Thursday after data showing that the U.S. economy added fewer jobs than expected last month tempered expectations for higher interest rates.

Gold futures for August delivery were last at $1,164.7 a troy ounce, off the day’s lows of $1,158.2.

The dollar turned broadly lower after the Labor Department reported that the U.S. economy added 223,000 jobs in June, compared to expectations for jobs growth of 230,000.

U.S. stocks rose on Thursday after data showed job growth slowed in June, indicating that the U.S. Federal Reserve might hold off on raising interest rates in September.

Eight of the 10 major S&P 500 sectors rose, with the utilities index <.SPLRCU> leading the gains with a 1.5 percent rise.

Nonfarm payrolls increased 223,000 last month, below the 230,000 that economists polled by Reuters had expected.

The dollar fell against a basket of other major currencies on Thursday, after data showed that he U.S. economy added fewer jobs than expected last month data, dampening expectations for a rate hike.

The Labor Department reported that the economy added 223,000 jobs in June, compared to expectations for jobs growth of 230,000. May’s figure was revised down to 254,000 from 262,000 previously.

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What is it? It's positively correlated with interest rates - early in the economic cycle an increasing supply of money leads to additional spending and investment, and later in the cycle expanding money supply leads to inflation. Survey of about 300 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

When? At 3:15am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the EUR to rise.

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What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Survey of purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

When? 4:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the GBP to rise.

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1. Jobs report:

The health of the U.S. economy takes center stage today. June employment and wage figures are due out at 8:30 a.m. ET, one day early thanks to the July 4 holiday.

But pay close attention to the wage figures. Average hourly wages are likely to hold pretty steady at 2.2%, well below the Federal Reserve's 3.5% target. The jobs report is key for the Fed in deciding whether or not to hike interest rates for the first time since the recession began.

2. Greece groans:

Just days before a referendum that is likely to decide the country's future in the eurozone, there are still plenty of surprises coming out of Greece.

European lenders were unmoved Wednesday by the Greek government's surprise bailout U-turn, saying they won't consider any proposals before Sunday's vote.

The International Monetary Fund confirmed that the bankrupt country remains locked out of more support until it pays $1.7 billion owed.

3. China stocks:

Another day, another wild ride for Chinese stocks. The Shanghai Composite closed down 3.5%, while the smaller Shenzhen Index lost 5.6%. Investors in China are getting used to plenty of volatility, despite efforts by Beijing to stabilize the market.

4. Earnings updates:

Food maker McCormick (MKC) and Bassett Furniture (BSET) will release their latest quarterly earnings before the open. Family Dollar (FDO) will report after the close.

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What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

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What is it? As head of the ECB, which controls short term interest rates, he has more influence over the euro's value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? At 11:10am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the EUR to rise.

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