Market Update: US – Canadian Employment Data
Today’s video we look at tonight’s U.S and Canadian employment data.
The data expected is nothing short of horrifying, the market is looking for U.S. unemployment to jump to 16% and Canadian unemployment to jump to 18%! No matter how you twist it they’re horrible numbers. Even more so if you think just a few months ago the U.S was running at unemployment levels not seen in 25 years. Canada is worse with expectations unemployment could reach 18%.
With a data shock like this, what reaction could it have on the markets? We take a look at the USD, USDCAD and U.S indexes as these could be hit or boosted the most depending on what data hits the market. Tonight could be another historic night data wise so if you’re interested take a look at 10:30 pm AEST tonight.
Market Analysis Video