Forex Consulting

USD/CAD chart forms a double-top after strong jobs numbers

USD/CAD technical analysis The Canadian dollar is sizzling after a jump in jobs and better growth than anticipated. USD/CAD was testing the October high of 1.2917 over the past day and came just a few pips shy of breaking it. With the 79,500 jobs added in November, the pair plunged down to 1.2782. Copyright 2015 Forexlive.com

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Canada Q3 GDP +1.7% vs +1.6% expected

Third quarter 2017 GDP data from StatsCan – was +4.5% q/q annualized (revised to +4.3%) – September GDP +0.2% m/m vs +0.1% expected – August GDP was -0.1% – GDP +3.3% y/y vs +3.3% expected The headline was a bit strong but it’s mitigated by the softer revision. On net, it’s very close to estimates,…

Forex Consulting

Canada Nov net employment change 79.5k vs 10.0k exp

Canada Nov employment report now out 1 Dec – 35.3k prev – Unemployment Rate  5.9%  vs 6.2% exp vs 6.3% prev – full time employment change    29.6k vs 88.7k prev Wow. Big numbers adding to the better  but the participation rate unchanged at 65.7%. Also worth noting that the big swing is is part-time…

Forex Consulting

More on the Bank of Korea’s interest rate increase

Yesterday the for the first time in 6 years Bank of Korea raised rates Goldman Sachs believes that this would spark a wave of rate hike increases across the region, starting with Malaysia and Taiwan – and likely Thailand in 2019. They cite robust growth and inflationary pressures among the key supporting factors. Copyright 2015…