Watching Canada jobs data

March 13, 2015

As next week’s Fed meeting approaches, more thoughts are being given to the impact of the relentless rise of the US currency on the broader economy. This in part explains why the dollar has become a little more reticent to push ahead, given that there are signs that it is starting to impact exports and with it, the outlook for the economy and inflation. But it’s not just about the dollar, given the appetite for lower currencies being seen elsewhere in the developed world, helped by cuts in interest rates and the move to quantitative easing in the Eurozone. Officially, dollar policy sits with the US Treasury and the Fed always steers will clear of giving any opinion on the dollar and certainly its value to other currencies. This contrasts with the Eurozone, where the ECB takes a more active approach. Worth bearing this in mind as we head into next week’s Fed meeting.

Main focus today will be jobs data in calendar, where a nudge higher in the unemployment rate is seen (up to 6.7%). There is also Michigan confidence data in the US at 14:00. For USDCAD, the 1.2799 level provides the initial level of resistance to the upside, marking the high seen late Jan and earlier this week, with the currency having been one of the better performance in recent weeks, thanks to the central bank keeping rates on hold and oil prices staging a modest recovery.

Publication source
FxPro information  FxPro reviews

January 18, 2017
Stock markets continued to stabilise
German HICP confirmed at 1.7% y/y, as expected, with prices up 1.0% m/m. The sharp acceleration from just 0.7% y/y in November was mainly due to base effects from lower energy prices and the breakdown showed that prices for heating oil jumped 21.9% y/y in December...
January 18, 2017
Pound Sterling soars on PM May's Brexit speech
The British pound posted strong gains yesterday with the Prime Minister Theresa May outlining her vision for Brexit and the parliamentary approval of the Brexit deal...
January 18, 2017
Sterling remains in the spotlight
The Sterling/Dollar exploded into extreme gains on Tuesday with prices clipping above 1.2400 after Prime Minister Theresa May’s optimistic Brexit speech signaled that the United Kingdom was seeking a deal which would satisfy both parties...

XTB Rating
Vantage FX Rating
 FXTM Rating
EXNESS Rating
Orbex Rating
FOREX.com Rating

OptionBit Rating
Banc De Binary Rating
OptionRally Rating
Empire Option Rating
IQ Option Rating
TopOption Rating