Canadian Unemployment numbers disappoint

Source: www.forexlive.com

Canadian Payroll data came in worse than expected at -41.8 k worse than the forecast of -33k. The Unemployment rate was also higher than expectations at 8.4%, the highest level in 11 years, rather than the 8.2% forecast.Usd/Cad bounced sharply on the news moving up to 1.1035 from 1.1010 before the data, but this blip higher was quickly sold into as traders position before the big US employment report later on.


Read more...

  • Caterpillar to Add 80 Jobs in South Carolina Plant (CAT)

    Caterpillar (NYSE:CAT) announced Wednesday plans to add 80 jobs in the next two-year period at their hydraulic cylinder plant in South Carolina...

  • Pairs trading and correlations

     I approach pairs trading with the correlations tool-box and basic algebra. Let's consider two time series, a(t) and b(t). It will be understood that these are taken on a fixed time scale (second, minute, hour, and the like). Most explanations of pair trading fail to communicate the importance of...

  • Omnivision Shares Up After Upgrade (OVTI)

    OmniVision (NASDAQ:OVTI) shares were up 8.5% on Tuesday. The company was upgraded by R.W. Baird to outperform from neutral.OVTI has potential...

  • HK shares buck the regional trend

    The Hang Seng index is down around 0.8% as opposed to gains of about 1% over on the Nikkei. Equity markets are having little or no impact on the JPY crosses today with EUR/JPY chopping around in a tight 137.45/95...

  • USD/JPY fairly steady after overnight sell-off; sell,buy,stop orders noted

    USD/JPY is seeing fairly quiet trade after it’s overnight sell-off, presently at 89.10. Sources note sell orders lined up at 89.20 up through 89.50 and then again at 89.75. On the downside, some buy orders, not thought to be heavy, seen down at 88.50/60. Ahead of there sell stops seen on...