The US economy gained only 245,000 jobs in November, far below expectations. Weak job gains are unlikely to trigger robust stimulus. A squeeze on dollar shorts ahead of the weekend It is all a matter of timing. An increase of 245,000 jobs would be considered robust in the pre-pandemic era, but when the data relates … “NFP Quick Analysis: Why the meager 245K rise is unlikely to depress the dollar, three reasons”
Month: December 2020
EUR/USD Forecast: Three reasons for the massive breakout and big levels to watch
EUR/USD has surged above 1.20 to the highest since May 2018. Vaccine hopes, monetary stimulus and a dose of political certainty are behind the move. Euro/dollar has significant room to run up to 1.2205. Make EUR/USD great again – the world’s most popular currency pair is finally moving rapidly and hitting levels last seen 31 … “EUR/USD Forecast: Three reasons for the massive breakout and big levels to watch”
Canadian Jobs Preview: Why expectations may be too high and the loonie could suffer
Economists expect Canada to report an increase of 100,000 jobs in November. Rising coronavirus cases, a slowdown in the recovery and a miss in GDP hint of a downside surprise. The Canadian dollar’s impressive rally may come to an end. In Canada, winter comes earlier than most other countries – and that is only one … “Canadian Jobs Preview: Why expectations may be too high and the loonie could suffer”