OctaFX | OctaFX Forex Broker
Open trading account

Canadian employment is expected to slightly disappoint - TDS

FXStreet (Córdoba) - Canadian employment is expected to slightly disappoint, according to TD Securities, with a forecasted decline of 5k jobs (market: 10k).

Key Quotes

“There is a seasonal quirk related to the education sector that would imply a strong rebound but we do expect weakness in other sectors to provide an offset”.

“The Canadian employment numbers should hold little to no implications for monetary policy so we think the focus should be on US payrolls to dictate price action for USDCAD”.

“Overall, the employment figures will hold no major impact on Bank of Canada policy. Fair value opens at 1.3210 today, which is broadly in line with spot. We spot resistance at 1.3220, which if breached should see USDCAD easily challenge 1.3280/1.3300. On the downside, initial support comes in at 1.3160/70 followed by 1.3100/20”.

US payrolls to add 155K in October - Nomura

Research Team at Nomura, suggests that in October, incoming data on labor markets have been mixed, and again are not suggestive of a rebound to an above-200k gain in payrolls.
Read more Previous

Sell EUR/JPY ahead of December ECB and Fed meetings – Societe Generale

Research Team at Societe Generale, suggests that the dollar has been lifted by US rates repricing, and short EUR/JPY could thus now offer better risk/reward than short EUR/USD.
Read more Next
Start livechat