USD CAD میں Rally دیکھی گئی 1.311 Highs سے 1.3078 Lows تک. اس کی وجہ
Twin US/Canada Jobs Reports تھی. دونوں Reports بالکل اپنے Expectations کے پاس تھیں.
Oil recent drop کی وجہ سے CAD میں کافی Pressure/Weight پڑا. Data آنے سے US Oil $ 41.00 کے نیچے رہا. اس سے پہلے High $ 41.90 تھا. Thursday’s Top 1.3162 نے Resistance اور Earlier Low 1.3078 نے Support کا کام کیا.
دوسری طرف US Dollar rally میں USDJPY rallied 106.44 , EURUSD fell near 1.1798 یہ Rally ہوئی 106.46 سے. Equity Futures میں بہتری آئی مگر Mixed اور Tech Stocks میں Exodus Continue yields میں معمولی اضافہ.
A closer look to the data
Canada employment improved 245.8k in August بوجہ July میں 418k کا اضافہ ہوا.
May 289.6k increase
June 952.9k increase
July 418.5k increase
August 245.8k
April largest ever -1.993.8k plunge
March -1.010.7k sizable loss
Total Jobs lost in March & April 3004.5k
Total Jobs gained in May to July 1906.8k
اس لیے Two-Third Jobs میں Recovery آگئی ہے. ان سب کے باوجود Pre-Covid levels پر واپسی کے لیے کافی عرصہ درکار ہے.
Full time jobs in August grew 205.8k
After
Rise in July 73.2k
Part time jobs were up 40.0k
After
Jum in July 345.3k
Unemployment rate میں کمی August 10.2% , From 10.9% July اور Unemployment peak پر تھی May 13.7%.
Overall سمجھ یہ آیا کہ Economy کو Support کیا جارہا ہے لیکن سب سے اہم بات یہ ہے کہ Pre-Covid levels پر جانے کے لیے کافی وقت اور محنت درکار ہے. سب سے اہم Element صرف Recovery کے لیے ہے.
(Rates اور Employment)
On the other hand in US
Jobs reports کافی Stronger تھیں.
1371k Payroll gain
After
.39k- in down revisions
Work week hours میں بہتری آئی.
34.6 hours
from already elevated 34.5 in July
August Hours Worked میں %1.2 Rise ہوا.
August rise hourly earning میں %0.4 Rise
July bump to 0.1% from 0.2%
اس سے Gain 4.7% y/y
Household Survey سے سامنے آیا ہے کہ 3756k Civilian Jobs Surge اور 968k Labor Force gain. اس سے فائدہ ہوا کہ Jobless rate میں کمی آئی پہلے %10.03 تھا Jobless rate اب کم ہوکر %8.42 رہ گیا.
Labor Force Participation Rate میں Improvement آئی %61.4 سے %61.7.
Payroll Government Jobs میں 344k lift ہوا. 50k- کی Downward revision کے بعد.
Click here to access the Economic Calendar
Andria Pichidi
Market Analyst
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