Tools

Both the US and Canadian jobs report will released today. In the US, the market is breathing a little sigh of relief in that the numbers weren’t as weak as last month. The unemployment rate did tick down to 4.2% from 4.3%. In Canada, the unemployment rate moved higher 26.6% which was a highest level…

Overall for the week, the USDCHF is little changed with highs on Monday and Tuesday and the low for the week reached today on the US jobs volatility. After trading to a new low for the week (and a new low for the year too), the price of the USDCHF has snapped back higher with…

Prior was 57.6 Non-seasonally adjusted vs 55.3 prior This is a low-level indicator. It’s a poor reading but it’s very volatile and rarely offers a useful signal for the Canadian economy. This article was written by Adam Button at www.forexlive.com.

The market has taken a long look at the August non-farm payrolls and decided it’s not weak enough to pricing in a 50 basis point Fed cut this month. Initially, the softer headline number and downward revision caused a spike in 50 bps odds to 57% and a drop in the US dollar, however that…

As the market digests the US jobs report, the stock market is casting its vote. The major indices were much lower in premarket ahead of the jobs report. Since then, all of those declines have been retraced. The major indices are opening marginally higher. The NASDAQ was down over -200 points in premarket trading. So…