Markets August nonfarm payrolls to settle the debate once and for all… Or not. The US economy added 142k jobs in August, compared to 165k consensus. Most other metrics printed near consensus as well. The Read more…
Daily Pivots: (S1) 1.1084; (P) 1.1102; (R1) 1.1129; More…. Despite edging higher to 1.1153, intraday bias in EUR/USD is turned neutral with subsequent retreat. Corrective pattern from 1.1200 could extend with another leg, and break Read more…
Daily Pivots: (S1) 1.3150; (P) 1.3168; (R1) 1.3199; More… Intraday bias in GBP/USD remains neutral as it’s still bounded in consolidations below 1.3265. While another retreat cannot be ruled out, downside should be contained above Read more…
When a company runs out of money it has to. make sacrifices. For a retailer, that could mean cutting inventory, operating with fewer workers, and pushing off paying bills. In the restaurant world, however, it’s Read more…
Daily Pivots: (S1) 142.79; (P) 143.51; (R1) 144.17; More… Intraday bias in USD/JPY stays on the downside for the moment. Firm break of 141.67 support will resume whole decline from 161.95 high, for 140.25 support Read more…
Non-farm employment rose by 142k in August, slightly below the consensus forecast calling for a gain of 165k. Job gains in the two prior months were revised lower by 86k. Over the past three months, Read more…
Canada’s labour market added a modest net 22k new positions, roughly on expectations. However, all the gains were in part-time job positions, which rebounded 66k after losses in July. Full-time positions gave back 44k. Growth Read more…
Daily Pivots: (S1) 0.8419; (P) 0.8455; (R1) 0.8476; More… USD/CHF’s fall from 0.9223 resumed by breaching 0.8399 support. Intraday bias is back on the downside for retesting 0.8332 low. decisive break there will indicate larger Read more…
The August US non-farm payroll report has been interpreted as largely dovish by the markets. Job growth showed clear signs of slowing, but the slight decrease in the unemployment rate has helped ease immediate recession Read more…
Canada’s employment grew 22.1k in August, below expectation of 25.0k. The 66k gains in part-time work were offset by -44k decline in full-time work. Unemployment rate rose from 6.4% to 6.6%, above expectation of 6.5%, Read more…