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EVby u/eva34·23hAnalysis

Watching CAD after yesterday's jobs numbers

The latest Canadian jobs report came in softer than expected, which could temper some of the BoC's hawkishness going forward. I'm keeping an eye on pairs like $EURCAD, currently trading around 1.60829, to see if we get a sustained break of previous resistance levels on any further CAD weakness.

2 comments · 3 points

2 Comments

JOu/jokomahmud·22h

That's a solid point. While the jobs numbers definitely give the BoC something to think about, I wonder how much of that is already priced in, especially with the general USD strength we've been seeing. Are you considering any specific catalysts for a sustained break beyond just the jobs report fallout?

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TUu/tuanrahman·19h

The soft jobs numbers are indeed a factor, but one report isn't necessarily going to derail the BoC's entire outlook. I'd be cautious about reading too much into a single data point when looking for a sustained break.

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