Ashraf, do you agree with the comments below from John Hardy, implying that the Canadian job #'s are bogus? Thanks, Ed
The US employment numbers contrast sharply with the Canadian numbers for April, which showed unemployment. Some of the surge may be due to suspicious changes in the composition of the Canadian workforce (the increase was entirely due to an increase in the self-employed - not by companies expanding hiring), but the market didn't care about the internals of the number and USDCAD pushed all the way below 1.1600.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
The US employment numbers contrast sharply with the Canadian numbers for April, which showed unemployment. Some of the surge may be due to suspicious changes in the composition of the Canadian workforce (the increase was entirely due to an increase in the self-employed - not by companies expanding hiring), but the market didn't care about the internals of the number and USDCAD pushed all the way below 1.1600.
Thanks,
Ed