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Canadian and U.S. jobs reports on Friday will highlight the growing underperformance of the Canadian labour market compared to the U.S. We expect Canadian employment edged up 10,000 with the unemployment rate rising to 6.7% in November from 6.5% in October. Canada has steadily posted job growth, but not fast enough to keep up with […]

The post Canada’s Labour Market Underperformance to Continue Ahead of BoC, Fed Meetings appeared first on Action Forex.

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22/05/2024

NZD/USD Overview Ahead of The Reserve Bank of New Zealand Official Cash Rate

Reserve Bank of New Zealand Consumer Price Index New Zealand Dollar traders eagerly anticipate the Reserve Bank of New Zealand’s Official Cash Rate (OCR), a critical event that can significantly impact the market. Over the past two years, inflation in New Zealand has mirrored global trends. The CPI Y/Y, encompassing all items, has dropped from […]
26/07/2024

Dollar Index Remains Within Near-Term Range Ahead of Key US Inflation Data

The dollar index edged higher in Friday morning but is still holding within a choppy range that extends into sixth straight day. Long tails of daily candle of past two days and repeated closes above north turning 10DMA, add to existing bullish near-term bias. Fresh strength is probing again through 200DMA (104.13), which capped the […]
16/08/2024

Cliff Notes: Labour Market Critical to the Medium-Term Outlook

Key insights from the week that was. In Australia, the week started on a slightly more positive note for consumers, with our Westpac-MI Consumer Sentiment Index showcasing a 2.8% bounce to 85.0 in August. The primary support was a significant improvement in households’ views and expectations around their finances, likely associated with the new financial […]