China delays GDP data because of potentially harmful numbers, but we will never delay our news because every release is an opportunity to trade on it! Here’s what will move markets today:
How is the Canadian labor market doing?
Canadian jobs data will be announced on Thursday at 15:30 MT time.
Instruments to trade: USD/CAD, EUR/CAD, GBP/CAD, CAD/JPY
Canadian employment change and the unemployment rate will be announced this Thursday and will refer to the month of March. The overall unemployment in February was 5.6%, which was slightly higher than 5.5% in the previous month. In general, the picture in the labor market was moderately positive with more than 30K added jobs. In March, however, it may be difficult to expect the same it was the “hardest” month in the context of the virus damage so far. Also, the oil industry, which is central to Canada as it exports crude to the US, may take a hit and contribute to lower figures.
- If the job data is worse than the market expects, the CAD will drop.
- Otherwise, it will increase in value.
The UK Office for National Statistics will publish its Consumer Price Index (CPI) update on October 19 at 09:00 GMT+3 and Statistics Canada will release the Consumer Price Index (CPI) on October 19 at 15:30 GMT+3.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.
Good morning, dear traders! Hope you’re doing great! Let’s talk about the news that is worth following today! Key market events: 15:30 MT, CAD GDP m/m 17:00 MT, GBP BOE Gov Bailey Speaks Oil is tensed again Oil rose as China refined its approach…
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start: