Everest Fortune Group | Daily Analysis: 10 June 2019
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Daily Analysis: 10 June 2019

Daily Analysis: 10 June 2019

CAD

 

Fundamental Analysis

(10th June): CAD outperformed last friday amidst rosier employment report. In May, Canada added 27.7k jobs versus 5.0k anticipated. Meanwhile, the unemployment rate ticked lower from 5.7% to 5.4%. Local 2 year government bond yield rallied as BoC rate cut bets cooled. Investors may now look forward to Canadian housing market data and the US JOLTS jobs report for fresh impulse in addition to following trade news. Canada’s May housing starts could weaken to 196.4K vs 235.5K prior while April month building permits may soften to 0.5% growth against 2.1% earlier.

 

 

Technical Analysis

USD

Fundamental Analysis

(10th June) CAD outperformed last friday amidst rosier employment report. In May, Canada added 27.7k jobs versus 5.0k anticipated. Meanwhile, the unemployment rate ticked lower from 5.7% to 5.4%. Local 2 year government bond yield rallied as BoC rate cut bets cooled. Investors may now look forward to Canadian housing market data and the US JOLTS jobs report for fresh impulse in addition to following trade news. Canada’s May housing starts could weaken to 196.4K vs 235.5K prior while April month building permits may soften to 0.5% growth against 2.1% earlier.

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