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The Canadian labour market geared down from its April hiring surge, adding a modest 27k new positions in May. The gain was entirely in part-time jobs (+62k), while full-time employment declined (-36k). The unemployment rate continued its upward trend in May. The unemployment rate rose one tenth from April to 6.2% in May, as 54.5k […]

The post Canada’s Unemployment Rate Continued to Rise in May, as Job Gains Lag Population Growth  appeared first on Action Forex.

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01/12/2023

WTI Oil Technical: Positive Elements Intact Ex-post OPEC+

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29/07/2024

USDJPY Struggles to Reclaim 20-Period SMA

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23/05/2024

Eurozone PMI composite hits 12-month high at 52.3, pointing to 0.3% GDP growth in Q2

In May, Eurozone’s PMI Manufacturing rose from 45.7 to 47.4, surpassing expectations of 46.6 and marking a 15-month high. PMI Services remained unchanged at 53.3, slightly below the forecast of 53.5. PMI Composite increased from 51.7 to 52.3, reaching a 12-month high. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, noted that Eurozone’s […]