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Canadian job report in focus, Fed not even 'close' to hike

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Forex News and Events Canada: jobs report (by Yann Quelenn) Commodities prices are weighing on the Canadian economy. For the two first quarters, GDP shrank 0.8% q/q and 0.5% respectively. However, the Canadian economy expanded 0.3% in July. In our view this was due to the temporary surge in oil prices at that time. Meanwhile, volatility is still massive so the fundamentals remain at stake and crude oil prices collapsed below $40 a barrel in August. When commodities collapse, Canada holds it

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