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The Canadian labour market added 40.7k positions in February, with full-time employment up 70.6k and part-time employment down 29.9k. The unemployment rate increased 0.1 percentage point to 5.8% and the participation rate was flat at 65.3%. Employment by industry showed gains in the service sector, with accommodation and food services (+26k) and professional, scientific, and […]

The post Canada’s Labour Market Adds Jobs in February, Weak Underlying Details appeared first on Action Forex.

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Will US CPI Data Come to Dollar’s Rescue?

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10/04/2024

Markets in Waiting Position for US March CPI

In focus today Today’s focus will be on the US March CPI, where we forecast both headline and core inflation at +0.3% m/m SA. Higher oil prices continue to lift headline inflation, but the Fed focuses more on the underlying price pressures, not least after concerning upticks in services inflation and strong labour market in […]
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GBPAUD Wave Analysis

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11/12/2023

Gold Technical: Extension of Corrective Decline Ahead of FOMC

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