12:30 PM GMT, Canada - Employment Data for March:
- Full Employment Change: actual -62.0K; previous -19.7K;
- Part Time Employment Change: actual 29.5K; previous 20.8K;
- Employment Change: actual -32.6K; forecast 10.4K; previous 1.1K;
- Unemployment Rate: actual 6.7%; forecast 6.7%; previous 6.6%;
- Participation Rate: actual 65.2%; previous 65.3%;
The Canadian dollar is not reacting significantly to the mixed data from the Canadian economy. The data is generally coming in weaker than expected, but on the other hand, the difference in the readings is not substantial enough to trigger any major moves in the currency market. Especially in the current global situation, where the markets' full attention is focused on tariffs and the escalation of the trade war.
Daily Summary: ECB, FOMC and MAG7 - mixed signals and risk aversion
The βHalloween Effectβ and the Five Fears Haunting Financial Markets
ECB Conference: Global Uncertainty, Policy Stability πΆ
BREAKING: EIA gas inventories change slightly above expectations. NATGAS increase after EIA data π