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 – Wall Street Rally Driven by Powell’s Promises
Fed's Miran signals two more rate cuts this year and disinflationary process🗽
BREAKING: NY Empire better than expected; EURUSD muted 📌
Precious metals at record highs: Gold and Silver shine as the Fed ends its Tightening Cycle
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