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The Canadian labour market shed 2.2k positions in March, with full-time employment down -0.7k and part-time employment down -1.6k. The unemployment rate rose 0.3 percentage points to 6.1%, the highest level in more than two years, and the participation rate was unchanged at 65.3%. Employment by sector showed losses in accommodation and food services (-27k), […]

The post Canada’s Labour Market Sheds Jobs, Unemployment Rate Jumps appeared first on Action Forex.

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16/05/2024

Sunset Market Commentary

Markets Since the May 1 Fed decision/communication dominos fell in place for markets to embrace a correction on the April higher-for-long rally in US (and broader) yields. Despite US inflation holding sticky, Fed Chair Powell ‘reassured’ markets that policy was tight enough. Slow progress in inflation only caused to Fed to delay a first rate […]
09/07/2024

All Eyes on Powell

Most European indices including the British big caps closed Monday’s session in the negative. The French CAC 40 underperformed its peers with a 0.63% loss in the session after an attempt to the highest level in almost a month on worries that a political gridlock in France would complicate the picture and make things slow […]
29/03/2024

EUR/USD Falls to Five-Week Low

The euro has edged lower on Friday. In the European session, EUR/USD is trading at 1.0782, down 0.05%. It has been a bumpy road for the euro in 2024, as the currency has declined 2.3% so far this year. Earlier today, EUR/USD dropped as low as 1.0768, its lowest level since February 21. Weak German […]