USDCAD USD/CAD
- 1.41593
- +0.01360+0.97%
USD/CAD News
Consumer confidence in the usa has risen for five consecutive months, with short-term inflation expectations increasing to 2.9%.
The consumer confidence index rose from 71.8 in November to 74.0 in December, above the analyst expectation of 73.0.
U.S. November Nonfarm Payrolls +227K; Unemployment Rate 4.2%
The rebound in the usa's non-farm jobs in November exceeded expectations, with a slight increase in the unemployment rate raising the probability of a rate cut this month.
① In November, usa's non-farm employment saw a significant increase of 0.227 million people, exceeding the expected 0.2 million, marking the largest growth since March; ② The unemployment rate rose to 4.2%, in line with expectations, reaching a new high since August.
Economists warn: the conflict between Trump and the Federal Reserve will be inevitable.
During the campaign, Trump promised that he would lower borrowing costs, thereby reducing the economic burden on usa households.
Technical analysis of USD/CAD, GBP/JPY, and USD/JPY on December 6.
On Friday (December 6), during the European trading session, the usd/cad remained cautious ahead of the release of the November non-farm payroll data. Put pressure may exist, but sellers need to close below 1.4000. The british pound/yen rebounded from the ascending trendlines, with stochastic and relative strength index moving higher; the usd/jpy consolidated losses above the 148.65 resistance. The usd/cad is contesting direction within a triangular formation (usd/cad daily chart source: Easy Forex). The usd/cad is currently stagnating, remaining within a neutral symmetrical triangle at the top of a two-month ascending trend, as traders wait for key employment data from the usa and canada to be released.
USD/CAD Rises to Near 1.4040, Tracks US Dollar's Action Ahead of US NFP Data
USD: Fed Currently Is Minded to Cut – ING
The last non-farm night before the Federal Reserve's December decision! Is bad news good news?
Wall Street expects to add 0.22 million new jobs in November, much higher than the 0.012 million in October. Goldman Sachs stated that the negative impact of hurricanes and strikes has passed, as long as the non-farm employment data remains between 0.15 million and 0.2 million, the US stock market will react positively tonight, with the highest potential for the S&P 500 index to rise by 100 basis points.
Dollar Steady on Caution as Below-Forecast U.S. Jobs Data Could Cause Temporary Falls -- Market Talk
Saxo Bank's "outrageous" prediction for 2025: "Trump 2.0" will destroy the dollar.
Shengbao Bank boldly predicts that "Trump 2.0" will destroy the US dollar. The bank believes that as the Trump administration disrupts the global financial system with massive tariffs, the whole world is scrambling to find alternatives to the US dollar.
Can the Federal Reserve achieve a "third consecutive cut"? The first "big test" of the non-agricultural sector is here tonight!
① The usa Department of Labor will announce the November non-farm payroll data at 9:30 PM peking time tonight. ② For global investors, the significance of this last non-farm report of the year is obviously self-evident; ③ So, what are the current market expectations for the non-farm data?
Forex Today: US Dollar Consolidates Losses as Attention Turns to Nonfarm Payrolls Data
US Nonfarm Payrolls Expected to Rebound in November After Weak October
The "wild non-farm payroll" is coming tonight! It is crucial to whether the Federal Reserve will press the "pause button" on interest rate cuts.
This will be the last comprehensive review of the usa economic situation before the Federal Reserve's next monetary policy meeting on December 17-18.
Bond Traders Leaning on Fed Rate Cuts Eye US Jobs Data for Clues
The usa stock, bond, and foreign exchange markets are all under pressure: no one dares to act rashly before the non-farm payrolls battle!
Before the key non-farm employment data from the usa is released this Friday, both the rise of US stocks and the dollar showed signs of stalling on Thursday, while the US bond market was also caught in a weak consolidation pattern; for a moment, it seemed that no one on Wall Street dared to take any rash actions.
USD/CAD Softens Below 1.4050 as Traders Await US NFP Data
USA stock market: Traders are anxious ahead of the non-farm payroll data release as the market loses steam at high levels.
Wall Street traders are busy preparing for the key non-farm employment data that will help the usa Federal Reserve decide whether to cut interest rates or hold steady in December, as the usa stock market loses momentum near record highs.
October Trade Deficit Declines Sharply as Imports, Exports Fall
November US Nonfarm Payrolls Expected to Rise by 220,000 After Hurricane-Impacted October Data, Unemployment Rate Seen at 4.1%