Fx Primus Rebates

Jobs double-whammy for USD/CAD as it rises to 1.3175

Soft Canadian jobs combine with strong US wage growth USD/CAD jumped to 1.3175 from 1.3115 after simultaneous jobs report from the United States and Canada. The US report was mixed with a slight beat on the headline but poor revisions. The participation rate slipped but the market focused on strong wage growth as average hourly…

Fx Primus Rebates

Canada August employment -51.6K vs +5.0K expected

Highlights of the July 2018 Canadian employment report – Full time jobs +40.4K vs -28.0K prior – Part time -92.0K vs +82.0K prior – Participation rate % vs 65.4% expected (65.4% prior) Terrible headline but it was all driven by part-time jobs. However the real disappointment is the wage data. Two months ago it was at +3.5%…

Fx Primus Rebates

USDJPY moves to new session highs

Cluster of resistance ahead The USDJPY is moving to new session highs and in the process are moving toward the 100 and 200 hour MA and 61.8% of the range this week. A broken trend line is also up ahead. That area comes in at 111.19-23.  Sellers (longs/traders looking for a correction) should lean against…