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The Canadian labour market added 37.3k positions in January, with full-time employment down 11.6k and part-time employment up 48.9k. The unemployment rate declined 0.1 percentage point to 5.7%, helped by a 0.1 percentage point to decline in the labour force participation rate to 65.3%. Despite a massive 126k increase in the population in January, only […]

The post Canada’s Labour Market Strengthens in January, But Details Less Constructive appeared first on Action Forex.

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The Weekly Bottom Line: Fed Officials Continue to Signal Patience on Rate Cuts

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04/10/2024

USDCAD Holds on Recovery Action as NFP Report Awaited

USDCAD returns above 20-day EMA and familiar constraining line Technical signals cannot warrant a meaningful rally September’s US nonfarm payrolls due at 12:30 GMT USDCAD continued its upward movement from a seven-month low of 1.3418, surpassing its 20-day exponential moving average (EMA) and the constraining ascending line from the 2021 low. The range of 1.3580-1.3620, which […]
05/04/2024

RBNZ May Start Laying Groundwork for a Rate Cut

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29/07/2024

USDJPY Struggles to Reclaim 20-Period SMA

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