jobs report

USD/CAD is testing technical resistance near 1.3750 with an overbought RSI, raising the odds of a pullback ahead of the weekend if data cooperates.

NFP leading indicators point to a slightly above expectation reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 175-225K range.

After slipping for the past three weeks, the US Dollar Index is testing key previous support at the 103.00 level, potentially setting the stage for a bounce on solid jobs data.

With the strong Canadian Employment data, traders may be wondering if the BOC will hike rates again sooner rather than later.

The strong Employment Change out of Canada in October may give the BOC a bit more confidence to raise rates in December. However, the meeting is a long way off.

Are the expectations for NFP justified? We dive into the key leading indicators for Friday’s critical jobs report below!

Are the expectations for NFP justified? We dive into the key leading indicators for Friday’s critical jobs report below!

The Canadian Employment Change for August was -39,700 bringing the 3-month total to -113,500.

After an impressive rebound over the past three months, Australian Labour Force data released early today has shown the pace of the recovery has slowed to a more sustainable pace in March.

Tomorrow at 11.30 am Sydney time, Australian Labour Force data for March will be released. Expectations are for a 25k rise in employment and the unemployment rate to fall again to 3.9%.

What makes this number strong is that the amount of full-time jobs was +92,700 vs a loss of 29,300 part-time jobs.

Rounding out a trifecta of critical economic events tomorrow morning, Australian labour force data for February is due for release at 11.30 am Sydney time.

A public holiday in New Zealand yesterday for the Auckland Anniversary Day, enabling local traders a chance to catch their breath after a busy few weeks.

Following an impressive gain of +366k jobs in November, the Australian economy added another +64.8k job in December. The seasonally adjusted unemployment rate fell to 4.2% from 4.6%, its lowest level since pre the Global Financial Crisis, August 2008

Tomorrow at 11.30 am Sydney time, Australian labour force data for December is scheduled to be released.

Following tomorrow mornings FOMC meeting, the release of Australian Labour Force data for November, as well as the FY22 Federal Mid-Year and Fiscal Outlook (MYEFO).

The UK labour market showed resilience as the furlough scheme ended, calming fears at the BoE.