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Market Review 08 May 2020

May 8, 2020 (07:50)

by Constantinos Loizou

In today’s Economic calendar, we can expect to see some volatility in the CAD and USD.
At 12:30 (GMT), the Statistic office of Canada will release their Building Permits.
That number shows the number of permits for new construction projects.
The result is forecasted in a decrease to -20%, considering that last month was at -7.3%
At 12:30 (GMT), the Statistic office of Canada will release their Unemployment Rate figures.
The result is forecasted in an increase to 18%, considering that last month was at 7.8%.
At 12:30 (GMT) the Bureau of Labor Statistics of the United States Department of Labor will release their Unemployment rate
The result is forecasted in an increase to 14%, considering that last month was at 4.4%.
At 12:30 (GMT) also, the Bureau of Labor Statistics of USA will release their Nonfarm Payrolls*
The above shows the number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile due to its high relation with economic policy decisions made by the Central Bank.
The result is forecasted in a decrease to -22000K, considering that last month was at -701K.

The original content of this Market Update is done in the English language. Any other language translation is provided for the sake of convenience. In case of any inconsistencies between the original English version and any other language, the original English version shall prevail.

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