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Economic Statistics

Canada Unemployment Falls to 7.4%

Canada Unemployment  Falls to 7.4%

Change in Employment – Survey: 15.0K   Actual: -2.8K   Prior: 2.3K

  • Unemployment Rate – Survey: 7.6%   Actual: 7.4%   Prior: 7.6%

Some economic data out of China

Fixed asset investment ytd/y 21.5% vs. 19.8% expected

Industrial production y/y 11.4% vs. 12.4% expected

Retail sales y/y 14.7% vs. 17.4% expected

Canada Housing Starts Improve to 201.1K

Canada Housing Starts Improve

Canada Housing Starts:   Survey: 200.0K   Actual: 201.1K  Prior: 197.9K  

USD/CAD stays flat on the news.

 

USDJPY Off 100 Week MAVG

The record Current Account deficit weakened the Yen, however the USDJPY pair has not been able to break through the 100 week moving average. A break above the indicator/38.2%/trendline resistance could put 2009 USDJPY levels into play into the new fiscal year in Japan (3/31 year end in Japan).

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