The Weekly Bottom Line: Canada – Rate Hikes Have Commenced
U.S. Highlights The labor market added 678k jobs in February, and the unemployment rate fell to 3.8% – the lowest reading since the pandemic began. Early indicators suggest that manufacturing and services sectors were out of sync in February, with...
Canadian Labour Market to Power Back from Omicron Blow
We expect Canada’s job market to have posted a strong comeback from the latest pandemic wave. We expect February’s job report will retrace three-quarters of the 200,000 jobs lost in January. High-contact hospitality sectors again took the brunt of the...
February jobs rose a surprisingly strong 678,000, unemployment edged lower while wages were flat
Job growth accelerated in February, posting the biggest monthly gain since July as the employment picture got closer to its pre-pandemic self. Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department’s Bureau...
Strong February NFP Report, However, Wages Slip
The Nonfarm payroll report showed that the US added 678,000 jobs to the economy in February. This was versus an expectation of +400,000 and a higher revision to the January print to +481,000. In addition, the Unemployment Rate fell to...
Euro in Free Fall Again While Dollar Rebounds on Strong NFP
Dollar rises notably in early US session with help from strong headline non-farm payroll job growth, even though wages disappoint. But still, the overwhelming theme is Euro selloff on Russia invasion of Ukraine. The common currency is actually suffering a...
EUR/USD Outlook: The Euro Could Collapse after Break of Key Supports at 1.1000/40
The Euro fell below 1.10 on Friday, dragged by fresh fall in stock markets on increased risk aversion, as fears over the war in Ukraine rise after the Russian forces seized the biggest nuclear plant in the Europe and growing...
Oil Price Moved into a Positive Zone above $105 Resistance
Crude oil price started a fresh increase above the $100.00 resistance against the US Dollar. The price even accelerated higher above the $105 resistance to move into a positive zone. It traded as high as $114.52 before correcting lower. The...
Euro Still in Decline, No End in Sight Yet
Markets sentiment took another dive on reports of Russia’s attack on a nuclear complex in Ukraine. Euro is extending recent decline, together will steep selloff in Asian stocks. Meanwhile, Australian Dollar is solidifying upside momentum, taking New Zealand Dollar higher...
February jobs report expected to show strong labor market continuing with solid wage gains
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The economy was likely to have added jobs at a healthy pace in February...
No Recovery in Euro Yet as Sentiment Stabilize, Swiss Franc Firm
Overall, market sentiment is rather stable today, with major European indexes just slightly lower, while US futures point to recovery. Benchmark treasury yields are also ticking slightly higher. WTI crude oil is retreating slightly after breaking 115 handle. Gold is...