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The U.S. government shutdown continues to prevent the release of key economic data with the coming week’s U.S. September international trade and October jobs reports unlikely to be published on schedule. The shutdown will also prevent the release of Canada’s international trade data for September since Statistics Canada confirmed that critical U.S. import data used […]

The post Forward Guidance: October Jobs in Canada in Focus as U.S. Shutdown Disrupts Data Releases appeared first on Action Forex.

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Markets Weekly Outlook – BoE Meeting in Focus, US Government Shutdown Continues

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22/05/2025

Bad US Auction Weighed on Wall Street and Dollar

Markets Yesterday’s US 20-yr $16bn bond sale was a rough one. The auction tailed 1.2 bps vs the 5.035% WI yield with lower-than-average demand. US yields ripped higher, extending earlier gains. Net daily changes varied between +4.8 bps in the 2-yr to 12.9 bps for the 20-yr. The US 30-yr yield added 12.3 bps to […]
04/05/2024

Canadian Jobs Data to Show Further Labour Market Softening

The Canadian labour market report will be watched closely next Friday for further signs of deterioration in the country’s economic backdrop. We look for an increase of 15,000 workers after a small 2,000 drop in employment in March. But the unemployment rate will hold steady at 6.1%—its highest level since January 2022 and up from […]
02/07/2024

NZ First Impressions: NZIER Survey of Business Opinion, Q2 2024

Business activity measures remained weak in June, while the inflation gauges are steadily heading in the right direction. Key results (seasonally adjusted): General business confidence: -35.4 (Previous: -24.9) Trading activity, past three months: -27.8 (Previous: -24.2) Trading activity, next three months: -10.4 (Previous: -12.3) % reporting a rise in operating costs over the past 3 […]