Forex Flash: Canada employment to fall by 20K in March instead of the +8.5K consensus – TD Securities

FXstreet.com (Barcelona) - Besides of the US nonfarm payrolls report, the economic calendar will have interesting indicators for the CAD, including employment data: “The chasm between the labour market and the wider economy reached an extreme level in February with the creation of +51K jobs. With real GDP growth mired well below its trend rate—Q1 is tracking around 1.5%—we are due for some payback and expect -20K in March (consensus +6.5K)”, wrote TD Securities analysts, forecasting the unemployment rate to edge higher from its cyclical low of 7.0% to 7.1%.

Apr 5, 2013

Forex: AUD/USD down ahead of US employment

The greenback is holding the cards today, keeping the AUD/USD biased to the downside. After a test of the support at 1.0400 psychological level, the cross retraced its losses up to 1.0438 but failed to hold and got back to “red”. As of writing, the market is down at 1.0411 and awaits the US nonfarm payrolls report.

Forex Flash: BoJ edges Fed in monetary aggression – Deutsche Bank

In Dollar terms (using current spot FX rate), Japan's plan is to buy about $72bn in assets per month (JPY 7trillion using current spot rate), or about $864bn a year. By comparison, the Fed is purchasing about $1 Trillion a year ($85/month x 12) at the moment.