Technical Analysis

Canada October employment change 108.3K vs. 10.0K

Canada employment change rises by 108.3K

The Canadian jobs surged in the current month with its highest job gain since March 2022 when it search 336.6K. During July August and September, jobs declines totaled around 114K. This report reverses those job declines. Last month the job gain was 21.1 K. Overall a very strong report

The USDCAD is moving lower and away from its 200 hour moving average at 1.3624, and looking toward the swing lows from earlier this week and last week.

USDCAD moves lower after the stronger jobs data in Canada

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button