jobs report

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.

If the Employment Change is better than expected, this will help give the BOC confidence to hike again when it meets in September.

Good news today for the Australian economy as the employment report for June stunned with across-the-board strength.

Employers may not be posting as many new job openings as they were late last year, and at the margin, more Americans are claiming unemployment benefits than were at the start of this quarter...

At its board meeting last week, the Reserve Bank of Australia noted that a tighter labour market is required to lift wages growth, which takes time to achieve its inflation objective.

The AUDUSD fell 1.5 percent last week, closing at .7400c, following an action-packed week of economic data, market movements, and central bank activity.

Once the dust settles on this afternoon's RBA meeting, the focus of antipodean traders will switch to the release of New Zealand labour market data for the September quarter (Q3) tomorrow morning.

Tomorrow at 11.30 am Sydney time, Australian labour force data for September is due to drop.

The latest data on the pandemic shows US cases declining sharply after peaking in the middle of September, suggesting that travel-sensitive industries may flip back into growth mode sooner rather than later...