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Markets Data dependency = volatility. Today was a textbook example. The US economic agenda featured September CPI figures and the weekly jobless claims. The former came in at the topside of expectations with headline and core coming in at 0.2% and 0.3% m/m respectively, beating the consensus view by 0.1 ppt each. The yearly print […]

The post Sunset Market Commentary appeared first on Action Forex.

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02/08/2024

Canada’s July Employment Report Will Confirm a Weaker Labour Market

The Canadian jobs report for July next Friday is expected to show more softening in the labour market. Employment gains have already slowed substantially into the summer, and we expect July will be no exception with 15,000 new jobs added. Against a still rapidly rising population, the unemployment rate will likely have ticked higher again […]
14/06/2024

Weekly Focus – Political Uncertainty on the Rise in Europe

This week was dominated by events in the US. The FOMC kept policy rate unchanged at its Wednesday meeting as widely expected. The median of the updated dot plot now signals only one cut for this year, but it remains a close call. While four members expect no cuts, seven members lean towards one cut, […]
03/02/2024

Canada’s January Unemployment Rate to Hit 5.9%—Highest Since Pandemic

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 […]