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USDCAD Technical Analysis - Bouncing around

Last Friday, the NFP report once again surpassed expectations, extending its impressive streak to 14 consecutive beats. However, delving into the report's details reveals less favourable findings. The unemployment rate experienced a significant leap from 3.4% to 3.7%, marking the largest month-over-month increase since the pandemic began. Furthermore, there was a slight decrease in the average number of hours worked per week, a common precursor to potential layoffs.Overall, the report offered so... Read More

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Content Topics

Usdcad

Technical

Analysis

Bouncing

Around

Forex

Posted: Jun 6 2023, 08:59

Author Name: forexlive

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