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Canadian jobs numbers for January will be centre stage next Friday as policymakers and market watchers look for signs of deterioration in the labour market. The data for the first month of 2024 will tell a similar story to the one we have observed over 2023—employment is rising but not quickly enough to prevent an […]

The post Canada’s January Unemployment Rate to Hit 5.9%—Highest Since Pandemic appeared first on Action Forex.

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05/07/2024

US: Payroll Gains Decelerate in June, While Unemployment Rate Ticks up to 4.1%

Non-farm employment increased by 206k in June, slightly above market expectations for a gain of 190k. However, job gains for the prior two months were revised materially lower by roughly 111k jobs. Private payrolls rose 136k, with most of the gains concentrated in health care & social assistance (+82.4k) and construction (+27k). In the household […]
01/12/2023

USDCAD Extends Decline Towards the 200-day SMA

USDCAD posts a fresh 2-month low in today’s session Decline shows no signs of easing, bears eye the 200-day SMA Momentum indicators endorse the resumption of the retreat USDCAD has been constantly losing ground following its 13-month high of 1.3898 on November 11. Moreover, the pair dropped to its lowest levels in two months on Friday, with […]
09/08/2024

Oil May Begin a Fresh Climb Soon

Oil prices rose for the third consecutive session on Thursday, driven by easing demand concerns from better-than-expected U.S. job data and escalating tensions in the Middle East. Brent crude increased by 0.73% to $78.90 per barrel, while U.S. West Texas Intermediate climbed 1.16% to $76.10. The market was also influenced by a significant drop in […]