On Friday forex traders will get the much anticipated US non-farm payroll report for the month of May. Expectations call for an increase of 219,000 jobs for May. This would be a slowdown from April’s 288,000 jobs but the second consecutive month above 200,000. The unemployment rate is expected to increase to 6.4%. I would watch out for revisions to March and April and am looking for a number just below 200,000 myself. I recommend traders to be cautious before the release of the report.