News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • A Symmetrical Triangle and long-term trendline resistance provide key levels to watch for NZD/CHF and CAD/CHF. Get your market update from @FxWestwater here:
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.31% 🇨🇦CAD: 0.17% 🇬🇧GBP: 0.16% 🇪🇺EUR: 0.14% 🇳🇿NZD: 0.13% 🇨🇭CHF: 0.12% View the performance of all markets via
  • The #HSI looks set to re-challenge the 28,970 resistance. Will it succeed and attempt 30,000 mark today?
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 64.29%. See the summary chart below and full details and charts on DailyFX:
  • Japanese Chief Cabinet Secretary Kato: - Vaccine schedule can't be fixed before approval - Tokyo area still facing severe Covid situation - BBG $USDJPY
  • The British Pound may continue gaining ground against its haven-associated counterparts in the near term. However, the currency may give up gained ground against the New Zealand Dollar.Get your $GBP market update from @DanielGMoss here:
  • Not the most common of the Dollar-based majors, but $NZDUSD has tentatively broken its persistent bull trend while net spec futures positioning (COT) hit its highest level since May 2018
  • 🇨🇳 FDI (YTD) YoY (DEC) Actual: 6.2% Previous: 6.3%
  • Wall Street Futures Update: Dow Jones (+0.13%) S&P 500 (+0.21%) Nasdaq 100 (+0.43%) [delayed] -BBG
  • While the US Dollar has been holding its ground, its downside bias against the Singapore Dollar, New Taiwan Dollar Thai Baht and Indonesian Rupiah remains intact as it hovers at support. Get your market update from @ddubrovskyFX here:
Canadian Unemployment Rate Slightly Better Than Expected

Canadian Unemployment Rate Slightly Better Than Expected

Varun Jaitly,

Talking Points:

  • Canadian unemployment rate unchanged in April from March at 7.1 percent.
  • Labor force participation and employment rate both see a decrease of 0.1 percent
  • Sector based employment report shows continued job losses in oil and gas

Having trouble trading in the FX markets? This may be why.

Canada’s Unemployment rate for April reported no change from March’s at 7.1 percent, despite estimates that the unemployment rate would increase to 7.2 percent. The labor force participation rate fell by 0.1 percentage points to 65.8 compared to the previous month. The employment rate also decreased by 0.1 percentage points, despite the unemployment rate passing unchanged. Full time employment decreased slightly from March, whereas part time employment increased. The USD/CAD was little changed after the release of the data – cinched between the simultaneous releases of the Canadian and US labor reports.

Employment by sector was little changed as well, although areas such as oil and gas saw a loss of 2.3 percentage points between March and April. Agriculture would suffer a loss of 2.4 percentage points over the surveyed period. The employment rate and sector based jobs have become an important topic for the Bank of Canada as well. Following its most recent overnight rate decision meeting, the BOC mentioned employment as an important factor to consider for growth forecasts and monetary policy since sectors like oil and energy have seen heavy job losses in recent months.

Canadian Unemployment Rate Slightly Better Than Expected

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.