JOLTS openings seen retreating – TD Securities

JOLTS openings seen retreating – TD Securities

TD Securities strategists expect US JOLTS job openings to fall to 7.0 million in June from 7.594 million in May, below the 7.504 million consensus forecast, as the recent increase appears difficult to sustain. They expect the data to move closer to softer private-sector hiring indicators. This would contrast with July’s stronger-than-expected ISM Manufacturing reading, […]

Euro holds ground as Eurozone growth data offsets oil-driven CAD gains

Euro holds ground as Eurozone growth data offsets oil-driven CAD gains

EUR/CAD remains stronger for the eighth consecutive day, trading around 1.6170 during the European hours on Tuesday. The currency cross is holding its ground as the Euro (EUR) gains support from an uptick in market risk sentiment. Geopolitical tensions eased slightly after US President Donald Trump called off planned military strikes on Iran, signaling that […]