Market Roundup • Italian Jun Composite PMI  47.6, 33.9 previous                •Italian Jun Services PMI  46.4, 47.0 forecast, 28.9 previous •French Jun  Markit Composite PMI  51.7, 51.3 forecast, 32.1 previous •French Jun  Services PMI  50.7, 50.3 forecast, 31.1 previous •German Jun  Services PMI  47.3, 45.8 forecast, 32.6 previous • German Jun Composite PMI  47.0, 45.8 forecast, 32.3 previous • EU Jun Markit Composite PMI  48.5, 47.5 forecast, 31.9 previous • EU Jun Services PMI  48.3, 47.3 forecast, 30.5 previous •UK Jun Services PMI  47.1, 47.0 forecast, 29.0 previous                •UK Jun Composite PMI  47.7, 47.6 forecast, 30.0 previous • Brazil June Markit Composite PMI  40.5, 28.1 previous • Brazil June Markit Services PMI  35.9, 27.6 previous Looking Ahead - Economic Data (GMT)  • No data ahead Looking Ahead – Events and other releases (GMT)          • No significant events Fx Beat EUR/USD: The euro edged lower against dollar on Friday robust U.S. payrolls data supported dollar, but a surge in coronavirus cases in the United States kept a lid on stronger gains. Nonfarm payrolls surged by 4.8 million jobs in June, above the average forecast of 3 million jobs in June, thanks to rises in the hard-hit hospitality sectors. A separate report on jobless claims, the most timely data on employment, showed the number of people receiving benefits after an initial week of aid actually rose 59,000 to 19.290 million in the week ending June 20. The euro fell 0.1% versus the dollar to $1.1239. Immediate resistance can be seen at 1.1289 (23.6% fib), an upside break can trigger rise towards 1.1300 (Psychological level).On the downside, immediate support is seen at 1.1214 (Daily low), a break below could take the pair towards 1.1168 (38.2 % fib). GBP/USD:  Sterling headed for its first positive week in four against the dollar on Friday, holding below the $1.25 mark as a week of negotiations between Britain and the European Union ended prematurely, with meetings expected to resume next week. The pound slipped briefly in morning trading in London, a move one analyst attributed to some spillover of political uncertainty in Europe following the resignation of French prime minister Eduoard Philippe and the appointment of his successor.By 1509 GMT, the pound was trading flat to the dollar at $1.2464. Immediate resistance can be seen at 1.2524 (38.2% fib), an upside break can trigger rise towards 1.2600 (Psychological level).On the downside, immediate support is seen at 1.2444 (100 DMA), a break below could take the pair towards 1.2400 (Psychological level). USD/CHF: The dollar held gains against Swiss franc on Friday as dollar supported by safe-haven flows as a resurgence of the coronavirus in the United States discouraged some investors from taking on excessive risk. The U.S. economy added more jobs than expected in June, data showed on Thursday, but reaction in the currency market has been muted because another spike in coronavirus infections threatens to once again put the breaks on economic activity. The dollar held steady at 0.9460 Swiss franc after three straight days of gains. Immediate resistance can be seen at 0.9471 (Daily high), an upside break can trigger rise towards 0.9535 (50% fib).On the downside, immediate support is seen at 0.9448 (38.2% fib), a break below could take the pair towards 0.9419  (Lower BB). USD/JPY: The dollar declined against the Japanese yen on Friday currency traders’ risk appetite was boosted only slightly by better-than-expected jobs data in the United States, as surging coronavirus cases continued to taper market optimism.U.S. payrolls surged on Thursday but the reaction in currencies was limited. Even after two months of job recovery from May, the U.S. economy has recovered just over a third of an historic plunge of 20.787 million jobs lost in April. Strong resistance can be seen at 108.09 (5 DMA), an upside break can trigger rise towards 108.30 (61.8% fib).On the downside, immediate support is seen at 107.27 (March 3rd low), a break below could take the pair towards 107.00  (Psychological level). Equities Recap European stocks dipped on Friday after gains through the week as another record surge in U.S. coronavirus cases dulled optimism from a brisk recovery in China’s services sector.  UK's benchmark FTSE 100 closed down at 1.33 percent, Germany's Dax closed down at 0.64 percent, France’s CAC ended the day down  by 0.85 percent. Commodities Recap Gold prices were little changed on Friday as worries over an accelerating number of coronavirus cases countered a fillip to risk sentiment from positive U.S. and Chinese economic data. Spot gold was mostly unchanged at $1,774.33 per ounce by 10:33 a.m EDT (1433 GMT). Most U.S. markets are closed on Friday ahead of Independence Day on July 4.U.S. gold futures edged down 0.2% to $1,786.10 per ounce. Oil fell below $43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although crude was still headed for a weekly gain on lower supply and wider signs of economic recovery. Brent crude was down 56 cents, or 1.3%, at $42.58 a barrel by 1352 GMT, and U.S. West Texas Intermediate (WTI) crude fell 58 cents, or 1.4%, to $40.07. Treasuries Recap Bunds were set to close their worst week in a month on Friday but analysts expect pressure to abate given uncertainty around the spread of the coronavirus and central bank support. 10-year German yields are up 4 basis points this week, set for their biggest weekly rise since the week ending June 5 .