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Canada labor market is due for a pull back - TD Securities

FXStreet (Łódź) - Tim Davis Vice President, Global Strategist at TD Securities expects Canadian employment to show a flat print in August.

Key quotes

"We are below the market for August employment, looking for a flat print on job creation as the labour market is due for a pull back after adding 42K jobs in July."

"We also look for the unemployment rate to tick higher from 7.0% to 7.1%."

"The consensus estimate is for a 10K increase in jobs with the unemployment rate at 7.0%."

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Petar Jacimovic, currency analyst at ForexTrading.TV, observes that EUR/USD Fibonacci expansion 161.8% is on the test.
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