Month: March 2024

Markets It’s as if some ECB members were inspired by yesterday’s comment by Fed Chair Powell that the US central bank is not far from being confident that the time is right to start dialing Read more…

The Canadian dollar gained 0.5% following comments from the Bank of Canada on Wednesday night. The central bank kept its benchmark interest rate at 5% at its regular meeting and continued its quantitative tightening policy. Read more…

The Canadian labour market added 40.7k positions in February, with full-time employment up 70.6k and part-time employment down 29.9k. The unemployment rate increased 0.1 percentage point to 5.8% and the participation rate was flat at Read more…

Non-farm employment rose by 275k in February, well ahead of the consensus forecast calling for a smaller gain of 200k. However, revisions to the two-prior months were meaningfully lower, subtracting 167k jobs from the previously Read more…

Daily Pivots: (S1) 147.28; (P) 148.34; (R1) 149.08; More… Intraday bias in USD/JPY remains on the downside at this point. Sustained break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue that fall Read more…

Daily Pivots: (S1) 0.8757; (P) 0.8793; (R1) 0.8813; More…. Immediate focus is now on 0.8741 support in USD/CHF. Decisive break there will argue that whole rebound from 0.8332 has completed at 0.8891. Deeper fall would Read more…

Daily Pivots: (S1) 1.0894; (P) 1.0922; (R1) 1.0975; More… EUR/USD’s rally continues in early US session and intraday bias stays on the upside. Current rise from 1.0694 should target a retest on 1.1138 resistance next. Read more…

Daily Pivots: (S1) 1.2750; (P) 1.2781; (R1) 1.2839; More… GBP/USD accelerates to as high as 1.2892 so far today. The strong break of 1.2826 resistance confirm resumption of whole rally from 1.2036. Intraday bias stays Read more…

Dollar’s decline accelerated in the early US session, triggered by disappointing non-farm payroll data. Despite a seemingly robust headline job growth figure for February, the substantial downward revision of January’s numbers cast a shadow, marking Read more…

Updated at 8:59 AM EST The U.S. economy added another solid round of new jobs last month, but slower-than-expected wage gains could ease concerns that a tight labor market will boost inflation pressures over the Read more…