Employment blew away expectations in October, as the Canadian labour market added a meaty 108k positions in October. As such, job losses recorded over the past few months were more than recouped. All of October’s Read more…
Daily Pivots: (S1) 0.9707; (P) 0.9773; (R1) 0.9817; More… Intraday bias in EUR/USD is turned neutral first with break of 0.9872 minor resistance. At this point, the favored case is still that corrective pattern form Read more…
Daily Pivots: (S1) 1.1065; (P) 1.1243; (R1) 1.1335; More… Intraday bias in GBP/USD stays on the downside at this point. As noted before, corrective rebound from 1.0351 should have completed with three waves up to Read more…
Daily Pivots: (S1) 1.0044; (P) 1.0095; (R1) 1.0187; More… USD/CHF’s break of 1.0031 minor support indicates rejection by 1.0146 resistance. Consolidation pattern from there is expected and deeper fall might be seen. But still, outlook Read more…
Daily Pivots: (S1) 147.44; (P) 147.94; (R1) 148.78; More… Outlook in USD/JPY remains unchanged as consolidation from 151.93 is in progress. Intraday bias stays neutral. Deeper decline cannot be ruled out, but downside should be Read more…
Daily Pivots: (S1) 1.3683; (P) 1.3746; (R1) 1.3808; More…. Immediate focus is now on 1.3494/3501 support in USD/CAD. Sustained break there will complete a head and shoulder top pattern (ls: 1.3832; h: 1.3976; rs: 1.3807). Read more…
Canadian Dollar surges broadly after employment blows past expectations. While US non-farm payroll growth was solid, Dollar reacted more to improving risk sentiment and fall sharply. Yen is the second weakest for the day following Read more…
Recently retired and thinking about a lump sum distribution from your pension plan? Our expert says, not so fast Are you a recent retiree or planning to retire this year? Greene-Lewis provides some advice for Read more…
Solid October jobs growth, with only modest wage gains, has stocks on the move Friday as Wall Street looks to snap a four-day losing streak. U.S. equity futures moved higher Friday, with investors looking to Read more…
Canada employment grew strongly by 108k in October, well above expectation of 11k. Unemployment rate held steady at 5.2%. Labor forecast participation rate rose 0.2% to 64.9%. Year-over-year growth in the average hourly wages of Read more…