Tag Archives: employment

Data released on Friday showed the Canadian economy created more than 300K jobs in February, much more than expected. The numbers from the report are more than enough justification for another rate hike in April from the Bank of Canada. It may have still been outside, but the Canadian labour …

The USD/CAD pair fades bounce off 10-DMA as markets brace for monthly jobs report. Hawkish hopes from the BOC, previous rally in oil prices favor bears.Russia-Ukraine tussles, firmer US Treasury yields challenge further downside. Canadian employment data may provide another reason for the BOC to extend its rate-hike trajectory.USD/CAD remains …

In a buoyant sign for the US economy, businesses stepped up their hiring last month as Omicron faded and more Americans ventured out to spend at restaurants, shops and hotels despite surging inflation.Employers added a robust 678,000 jobs in February, the largest monthly total since July, the Labor Department reported …

Employment data released on Friday came in above expectations, but it was mostly ignored by most investors, traders and market participants amid the ongoing Ukraine’s war. War fogs continue as the key market driver.Analysts at Wells Fargo believe that so long as the Russia-Ukraine conflict does not significantly escalate, the …

Employment in the US private sector rose by 475,000 in February, monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday. That was well above economist forecasts for an employment gain of 378,000. Meanwhile, January’s estimate of employment change saw a substantial upgrade to show a …

San Francisco Fed chair and FOMC member Mary Daly on Wednesday said that it is now time to move away from the Fed’s extraordinary support for the US economy. Daly has added that interest rates will be moving up this year to a level more consistent with where the economy …

Minneapolis Federal Reserve President and FOMC member Neel Kashkari said on Wednesday that the Fed is going to do what is needed to bring the economy back into balance. Some of the inflation should fade on its own as stimulus fades and people switch to buying services, he added. Kashkari …

With major events ahead of the markets, the focus would shift to global markets and earnings for cues. On the macro front, traders are digesting Monday’s IIP data, both CPI Inflation and WPI inflation are also being analyzed along with the latest earnings reports. After the reaction to US’s hot …

The Reserve Bank of Australia’s Phillip Lowe has said that it is ”plausible we could raise rates later this year depending on economy.” He added that he hasn’t said rates won’t go up. AUD could get a lift on such rhetoric, but there hasn’t been any knee-jerk reaction thus far.  “We have …

The US dollar ended last week’s trading with losses. The dollar index, which measures the US currency against a basket of major currencies, fell to 95.48 points, compared to 97.13 points posted last week. The Bank of England announced its monetary policy decision on Thursday and raised the benchmark interest …