PAGE: limited reaction to a very good Canadian NFT

NFP +104k, consensus was +8k (prev +10.1k)

Unemployment rate 5%, consensus 5.2%, previous 5.1%

Full-time employment +84.5K after 50.7K in November

A very strong report from Canada encounters only limited reaction in the USDCAD. The pair is turning lower from the resistance zone below 1.37, but does not make a move that looks like it could end a month-long consolidation. Meanwhile, the data, particularly a second month of strong full-time job gains, could push the Bank of Canada on a further tightening path.

“This material is marketing communication within the meaning of Article 24(3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61 /EU (MiFID II) The marketing communication is not an investment recommendation or information that recommends or suggests an investment strategy within the meaning of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse ( Market Abuse Regulation) and the repeal of Directive 2003/6/EC of the European Parliament and of the Council and Directives 2003/124/EC, 2003/125/EC and 2004/72/EC of the Commission and the Delegated Regulation of the Commission (EU) 2016/958 of March 9, 2016 supplementing Regulation (EU) No. investment recommendations or other information recommending or suggesting an investment strategy and for the disclosure of special interests or indications of conflict of interest or any other advice, including in the field of investment advice, within the meaning of the law of July 29, 2005 on the trading of financial instruments. (ie Law Book 2019, item 875, amended). All information, analysis and training provided are provided for informational purposes only and should not be construed as advice, recommendation, investment solicitation or invitation to buy or sell financial products. XTB cannot be held responsible for its use and the resulting consequences, the final investor remains the sole decision maker for the position taken in his XTB trading account. Any use of said information, and in this regard, any decision made regarding a potential purchase or sale of CFDs, is the sole responsibility of the end investor. Reproduction or distribution of all or part of this information for commercial or private purposes is strictly prohibited. Past performance is not necessarily indicative of future results and anyone acting on this information does so entirely at their own risk. CFDs are complex instruments and come with a high risk of losing capital rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You need to make sure you understand how CFDs work and can afford to take the potential risk of losing your money. With the limited risk account, the risk of loss is limited to the capital invested.

Leave a Comment