Markets Crushed it! The July US jobs report obliterated even the most optimistic expectations. Employment grew by 528k, accelerating from an upwardly revised 398k in June and more than double the 250k consensus. Sectors producing Read more…
Daily Pivots: (S1) 1.0183; (P) 1.0219; (R1) 1.0282; More… EUR/USD is still bounded in range and intraday bias remains neutral first. With 1.0095 minor support intact, further rise is still mildly in favor. Rebound from Read more…
Daily Pivots: (S1) 1.2080; (P) 1.2146; (R1) 1.2225; More… GBP/USD’s break of 1.2062 suggests that corrective rebound form 1.1759 has completed at 1.2292, after hitting 55 day EMA. Intraday bias is back on the downside Read more…
Daily Pivots: (S1) 0.9522; (P) 0.9572; (R1) 0.9601; More… Intraday bias in USD/CHF remains neutral at this point. On the upside, break of 0.9650, and sustained trading above 55 day EMA (now at 0.9650) will Read more…
The U.S. economy added 528k jobs in July, coming in well above the consensus forecast of 250k. Revisions to the prior two months were also positive, adding 28k jobs from previously reported May/June figures. U.S. Read more…
The Canadian labour market shed 30.6k positions in July. Losses were spread among full-time (-13.1k) and part-time (-17.5k) positions. Public sector employment was responsible for the bulk of the decline as it shed 51k positions. Read more…
The British pound is falling sharply in the North American session, after a massively strong US nonfarm payment release. GBP/USD is trading at 1.2040, down 0.98% on the day. US Nonfarm Payrolls smashes higher It Read more…
Daily Pivots: (S1) 132.31; (P) 133.37; (R1) 133.97; More… USD/JPY’s rebound from 130.38 resumes after brief retreat. Break of 134.58 resistance suggests that correction from 139.37 has completed. Intraday bias is back to the upside Read more…
Dollar soars broadly, together with benchmark treasury yields, after an all around strong non-farm payroll report. At the same times US futures tumble, apparently on expectations Fed’s tightening pace will continue with such healthy job Read more…
Canada employment dropped -30.6k in July, much worse than expectation of 25.0k growth. Services-producing jobs dropped -53k or -0.3% while goods-producing jobs rose 23k or 0.6%. Unemployment rate was unchanged at 4.9%, below expectation of Read more…