14:30 - Canada Employment Data (November):
- Employment Change: 53,6k (Expected: -1.5k, Previous: 66.6k)
- Unemployment Rate: 6,5% (Expected 7%, Previous: 6.9%)
- Participation Rate: 65,1% (Previous: 65.3%)
- Avg. Hourly Wage Change: 4% (Previous: 4%)
Labor market in Canada shows signs of noticeable improvement, with unemployment falling by 0,4% compared to expected growth by 0,1%.
Bank of Canada will find many fewer reasons to urgently cut interest rates in such an environment, USD sharply declines to CAD, as expected spreads between implied target interest rates lessen.
USDCAD (M1)
Source: xStation5
Daily summary: US100 gains after CPI print; markets await BoJ decision 🏛️
Yen holds its breath ahead of the Bank of Japan; are we in for the first rate hike since January❓
BREAKING: NATGAS ticks down afer lower than expected EIA inventory draw
ECB conference (LIVE)
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
