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Week Ahead US Retail Sales and Inflation Next for Dollar

US jobs miss raises questions about economy The US dollar will finish the week ending on April 7 on a high note despite the US non farm payrolls (NFP) missing expectations. The greenback is only lower against the JPY as other major pairs have fallen as risk aversion following the geopolitical events around the globe. The US airstrike against Syria in particular caused a wave of USD selling but as the day went on the currency recovered along ...

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Canada: Labour Force Survey, March 2017

Employment was little changed in March (+19,000 or +0.1%), while the unemployment rate rose 0.1 percentage points to 6.7% as more people searched for work. In the first quarter of 2017, employment gains totalled 83,000 or 0.5%. This growth is comparable to the last quarter of 2016 (+91,000 or +0.5%) and notably higher than the first quarter of 2016 (+36,000 or +0.2%). Compared...

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U.S. Job Growth Slows Sharply, Unemployment Rate Falls

U.S. employers added the fewest number of workers in 10 months in March, but a drop in the unemployment rate to a near 10-year low of 4.5 percent pointed to a labor market that continues to tighten. Nonfarm payrolls increased by 98,000 jobs last month as the retail sector shed employment for a second straight month, the Labor Department said on Friday, the fewest since last May. The economy enjoyed job gains...

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Morning Charts 04/07/2017 SPX /es

50 Tomahawks must be good for business. We will get more into this next week as the proverbial dust settles. On to the lie - SPX Daily - Pretty simple - completed rising wedge, overthrow to OB ATH with extended negative divergences and failure. Follow MA support /resistance as consolidation continues. 64 to 70 is R and 45 to 36 is S. Freedom watch - Masters weekend - enjoy it!More to

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USD/CAD – Canadian Dollar Edges Lower Ahead of Canadian, US Job Data

USD/CAD is almost unchanged in the Friday session, as the pair trades slightly above the 1.34 line. On the release front, job numbers are in the spotlight on both sides of the border. Canada releases Employment Change and the unemployment rate, while the US releases three key events – Nonfarm Payrolls, Average Hourly Earnings and the unemployment rate. Weak oil prices in the...

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DAX Unchanged as Markets Eye US-China Summit, Nonfarm Payrolls

The DAX Index is showing little movement in the Friday session. Currently, the DAX is trading at 12,168.00. In economic news, Germany continues to post strong numbers. Industrial Production jumped 2.2%, beating the estimate of -0.1%. Germany’s trade surplus improved to EUR 21.0 billion, beating the forecast of EUR 19.4 billion. The US will release Nonfarm Employment Payrolls, with the markets braced for a drop to 174 thousand. Investors remain cautious ahead ...

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NFP First, Middle East Second

Friday April 7: Five things the markets are talking about Momentum in the U.S labor market was strong going into last month, however bad weather during non-farm payroll’s (NFP) mid-March sample week pose the risk of weather-related delays in hiring. Market consensus is looking for a headline print atop of +180k mark, which would be a very healthy rate of monthly growth, but off...

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Oil Jumps Two Percent on Supply Disruption Threats

The U.S cruise missile strikes have seen crude oil jump over two percent in a straight line with both Brent and WTI testing resistance. The situation remains fluid in Syria at the moment as the implications of the massive cruise missile strike from the United States gets digested. Among the most pressing questions will be, Is this a one-off attack and are other nations going to join in? ...

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