Tag Archives: Canada unemployment rate

United States The dollar and US yields are recouping more of yesterday’s decline. A break of $1.0480-$1.05 would suggest the euro’s upside bounce is exhausted. A dollar move above JPY116.80-JPY117.25 would also hint that the greenback was going to make an other run toward JPY118.30-JPY118.60. Sterling support is seen in the $1.2285-$1.2310 area. The Canadian dollar is struggle to sustain it upward momentum. A US dollar...

Comment on Swiss Franc by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Swiss Franc With the not convincing U.S. jobs number, both the EUR and, in particular, the Swiss Franc could improve. With continuing political uncertainty in the U.S., more speculators closed their short CHF positions. Moreover, I expect significant...

Swiss Franc EUR/CHF - Euro Swiss Franc, October 07 2016. - Click to enlarge FX Rates Sterling again steals the limelight. In early Asia, sterling inexplicably dropped nearly eight cents in minutes (to ~$1840), and on some platforms, may have traded below $1.1380. It almost immediately rebounded but has not resurfaced above $1.2480. Over the last couple of years,there have been a number of sudden dramatic moves...

[unable to retrieve full-text content]Underlying concerns about US labor market ease after two robust reports. Sept Fed views will not change much. Canada’s data is disappointing, BOC optimism may be challenged.

Summary: Underlying concerns about US labor market ease after two robust reports. Sept Fed views will not change much. Canada’s data is disappointing, BOC optimism may be challenged. United States Nonfarm payrolls The market’s angst over the underlying trend in the US labor market eases with the help of the second consecutive robust report. The 255k rise in non-farm payrolls was well above expectations, and...

There is something for everyone in today’s US jobs report, and at the end of the day, it is unlikely to sway opinion about the direction and timing of the next Fed move. The greenback itself may remain range bound after the initial flurry. On the other hand, the disappointing but noisy Canadian data underscores the risk of a more dovish slant to the central bank’s neutral stance next week. United States Nonfarm...