The Canadian labour market lost 200k positions in January, worse than the consensus call for a loss of 120k positions. Full-time (-83k) and part-time (-117k) employment fell on the month. Even with the labour force Read more…
Daily Pivots: (S1) 1.1322; (P) 1.1386; (R1) 1.1505; More… No change in EUR/USD’s outlook and intraday bias stays on the upside. Considering bullish convergence condition in daily MACD, a medium term bottom could be in Read more…
Daily Pivots: (S1) 0.9175; (P) 0.9206; (R1) 0.9234; More…. Intraday bias is back on the upside in USD/CHF with break of 0.9250. Further rise would be seen back to 0.9341 resistance first. Break will target Read more…
Daily Pivots: (S1) 114.54; (P) 114.77; (R1) 115.20; More… Intraday bias in USD/JPY remains neutral at this point and outlook is unchanged. Overall, corrective pattern from 116.34 is extending. Below 114.14 will target 113.46 and Read more…
WTI oil price surged through round-figure $90 resistance and hit new seven-year high above $92 per barrel on Friday. Geopolitical tensions over Ukraine and a winter storm in the United States fueled concerns about supply Read more…
Electric-vehicle leader Tesla’s CEO has thrown down a gauntlet for the coming year. Also robots. Tesla (TSLA) – Get Tesla Inc Report Chief Executive Elon Musk sometimes makes promises he can’t deliver or perhaps that Read more…
Canada employment dropped -200k in January much worse than expectation of -121k. Part-time jobs dropped -117k while full-time jobs dropped -83k. Unemployment rate rose by 0.5% to 6.5%, higher than expectation of 6.0%. That’s the Read more…
US non-farm payroll employment grew 467k in January, well above expectation of 150k. Prior month’s figure was also revised sharply up from 199k to 510k. Employment was still down -2.9m or -1.9% from its pre-pandemic Read more…
A massive beat for January jobs gains, as well as a big revision for the December tally, has Fed rate bets accelerating and stocks moving lower Friday. The U.S. economy added far more new jobs than Read more…
EURCAD bullish demeanour has strengthened significantly as the pair recently surged from the more than 5-year low of 1.4100 and is now tackling the 200-day simple moving average (SMA) at 1.4600. The longer-term 100- and Read more…