NFP +104k, consensus was +8k (previous +10.1k)
Unemployment Rate 5%, consensus 5.2%, previous 5.1%
Full time employment +84.5k after 50.7k in November
A very strong report from Canada meets only a limited reaction on USDCAD. The pair reverses lower from the sub-1.37 resistance zone but doesn’t make a move that looks like it could conclude a 1-month long consolidation. Meanwhile the data, especially a second month of strong full time employment gains could push Bank of Canada onto the path of more tightening.
Daily summary: Conflict escalates again - indices down, oil up
💶Eurozone Industry: A Fragile Recovery Masking Stagflationary Risks
Economic Calendar: PMI data in the spotlight; this week’s corporate calendar ⬇️
Morning Wrap: Will Project Freedom Bring Further Relief to the Markets❓ (04.05.2026)
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