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The Canadian labour market shed 32.6k positions in March, driven by a decline full-time positions (-62k). Job losses pushed the unemployment rate up 0.1 percentage point (ppt) to 6.7%. The labour force participation rate decreased by 0.1 ppt to 65.2%. Employment by sector showed declines in trade exposed wholesale and retail trade sector (-29k), as […]

The post Canada Sheds Jobs in March as Tariffs Issue Their First Blow appeared first on Action Forex.

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02/09/2024

GBPJPY – Probe Above Pivotal 200DMA Generating Initial Signal of Bullish Continuation

GBPJPY rose to one-month high on Monday and generated initial signal of bullish continuation on probe above the top of month-long range (192.16) reinforced by 200DMA. Firm break here to confirm signal and open way for fresh upside, with immediate target at 194.10 (50% retracement of 208.11/180.09 downtrend), violation of which to unmask next barriers […]
23/01/2024

New Zealand Dollar Eyes Services PSI

New Zealand releases Performance of Services Index on Tuesday The New Zealand dollar is flat at the start of the week. In the European session, NZD/USD is trading at 0.6116, up 0.01%. It was a rough week for the New Zealand dollar, which declined 2% and fell to a five-week low. New Zealand’s economy has […]
06/12/2023

Germany 30 Technical: New Intraday Record High, Short-Term Bullish Trend Intact

Cleared above 16,300 major range resistance in place since November 2021. Watch the 16,440 key short-term support. The price actions of the Germany 30 Index (a proxy for the DAX futures) have continued to surge upward since our last analysis and cleared above the 16,200 short-term resistance as highlighted in our prior report. Yesterday, 5 […]