All eyes on the US jobs report now

The non-farm payrolls release is the only game in town for markets today, with little else to distract from it. US-Iran developments remain uncertain, awaiting the Strait of Hormuz arrangement between Iran and Oman. Meanwhile, the returning pressure on tech shares will also be under the microscope with investors hoping to get some directional conviction from the jobs data…

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US inflation takes center stage next week

The US Dollar Index (DXY) fell below the 100.00 region after sinking through Friday’s session. July Nonfarm Payrolls (NFP) showed the US economy shedding 23K jobs against forecasts of an 80K gain, with June revised down to 20K, and Average Hourly Earnings slowing to 3.2% on the year. Markets that had spent late July pricing a hawkish Federal Reserve…

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Canada July employment change +75.1K vs +15K expected

Prior month +18.2K Unemployment rate 6.4% vs 6.5% expected Prior 6.5% Full-time employment +38.6K vs +0.6K prior Part-time employment +36.6K vs +17.5K prior Participation rate 65.1% vs 65.0% prior Average hourly wages y/y 2.8% vs 3.3% prior Canada’s labour market strengthened further in July, with employment rising by 75.1K and the unemployment rate edging down to 6.4%, the lowest…

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