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: Markets capitulate under the influence of the Persian Gulf
US Open: Wall Street in Blood
DE40 dips 3% and falls to 2026 lows 🚨📉
Chart of the day 🚨OIL surges 5% putting pressure on Wall Street