EUR/USD
1.17754
0.450%
Gold
4726.06
0.832%
Oil
91.204
-3.670%
USD/JPY
156.541
-0.247%
GBP/USD
1.36195
0.510%
GBP/JPY
213.206
0.273%
Real-time News
Iranian Foreign Ministry spokesman: Tehran is still weighing its response to the US proposal.On May 8th, Adam Salhan, CEO of 50 Park Investments, stated that the jobs report was slightly stronger than expected, neither too hot nor too cold. The data wasnt strong enough to trigger more inflation or cause problems for the Federal Reserve, but it was enough to alleviate market concerns about stagflation and an economic slowdown. Ultimately, it all comes down to the Federal Reserve. The unemployment rate hasnt risen, and the market can confidently confirm that it remains low for the Fed.On May 8th, Andrew Grantham, an economist at CIBC Capital Markets, stated that Canadas job losses in April and the rise in the unemployment rate from 6.7% to 6.9% indicate an increasing degree of slack in the labor market. Canadas employment decreased by 17,700 in April, with a further decline in full-time jobs being the main drag. In the first four months of 2026, Canadas full-time employment is projected to decrease by approximately 47,000, a drop of about 0.3%. Grantham stated that the increased slack in the labor market should limit the spread of oil price shocks to other goods and services sectors. He added that this data further strengthens CIBCs expectation that the Bank of Canada will maintain a wait-and-see stance in 2026.White House National Economic Council Director Hassett: Emphasizes fiscal responsibility to address debt.On May 8th, TD Securities U.S. interest rate strategist, Molly Brooks, stated that the market reaction was in line with their expectations, with a fairly mild response to the higher-than-expected non-farm payroll data. They previously believed that any dovish data—whether it was a rise in the unemployment rate or non-farm payroll data near zero or negative—could trigger a larger market reaction. This report suggests that there is no conflict between the Feds dual mandates. In the short term, they will continue to focus on the inflation mandate, as this mandate is more likely to deviate from its target.
