jobs report

USD/CAD is testing technical resistance near 1.3750 with an overbought RSI, raising the odds of a pullback ahead of the weekend if data cooperates.

NFP leading indicators point to a slightly above expectation reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 175-225K range.

After slipping for the past three weeks, the US Dollar Index is testing key previous support at the 103.00 level, potentially setting the stage for a bounce on solid jobs data.

With the strong Canadian Employment data, traders may be wondering if the BOC will hike rates again sooner rather than later.

The strong Employment Change out of Canada in October may give the BOC a bit more confidence to raise rates in December. However, the meeting is a long way off.

Are the expectations for NFP justified? We dive into the key leading indicators for Friday’s critical jobs report below!

Are the expectations for NFP justified? We dive into the key leading indicators for Friday’s critical jobs report below!

The Canadian Employment Change for August was -39,700 bringing the 3-month total to -113,500.

A public holiday in New Zealand yesterday for the Auckland Anniversary Day, enabling local traders a chance to catch their breath after a busy few weeks.

Following an impressive gain of +366k jobs in November, the Australian economy added another +64.8k job in December. The seasonally adjusted unemployment rate fell to 4.2% from 4.6%, its lowest level since pre the Global Financial Crisis, August 2008

The UK labour market showed resilience as the furlough scheme ended, calming fears at the BoE.

At its board meeting last week, the Reserve Bank of Australia noted that a tighter labour market is required to lift wages growth, which takes time to achieve its inflation objective.

The AUDUSD fell 1.5 percent last week, closing at .7400c, following an action-packed week of economic data, market movements, and central bank activity.

Once the dust settles on this afternoon's RBA meeting, the focus of antipodean traders will switch to the release of New Zealand labour market data for the September quarter (Q3) tomorrow morning.

Tomorrow at 11.30 am Sydney time, Australian labour force data for September is due to drop.

The latest data on the pandemic shows US cases declining sharply after peaking in the middle of September, suggesting that travel-sensitive industries may flip back into growth mode sooner rather than later...