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November 06, 2026
FX Weekly Strategy: Asia, Nov 9-13
November 6, 2026 4:14 PM UTC
Focus remains on AI-risk. Nasdaq attempts to bounce but hasn't broken weak structure yet
US CPI, a relatively sedate month expected. Only partial offset to payrolls, though mmkt /bonds still more impulsively driven by risk
Even if some reactive consolidation, hard to pivot from defensive view on FX ri
Canada October Employment - Even weaker outside public sector correction
November 6, 2026 2:25 PM UTC
Canada’s 4.7k decline in October employment is not as sharp as in the two preceding months but looks worse in the details. September’s 68.3k decline was fully explained by a 70k decline in the public sector. October’s decline came despite a 49.6k rebound in the public sector.
U.S. October Employment - Unambiguously strong
November 6, 2026 1:56 PM UTC
October’s non-farm payroll at 165k overall, 159k private, with unemployment down to 4.1% from 4.2%, and even average hourly earnings on the strong side with a 0.4% increase, is strong across the board and makes a December Fed tightening highly likely, though we will also receive November’s non-f
U.S. October Employment - Unambiguously strong
November 6, 2026 1:56 PM UTC
October’s non-farm payroll at 165k overall, 159k private, with unemployment down to 4.1% from 4.2%, and even average hourly earnings on the strong side with a 0.4% increase, is strong across the board and makes a December Fed tightening highly likely, though we will also receive November’s non-f
November 05, 2026
Preview: Due November 6 - U.S. October Employment (Non-Farm Payrolls) - Subdued report to hint at Q4 slowing
November 5, 2026 4:01 PM UTC
We expect October’s non-farm payroll to rise by 50k and by 45k in the private sector, in line with recent trend. We expect unemployment to remain at 4.2%, sustaining September’s increase after two months at 4.1%. We expect a modest 0.2% rise in average hourly earnings and a fall in the workweek
Preview: Due November 6 - Canada October Employment - Correction from public sector-led loss
November 5, 2026 3:55 PM UTC
We expect Canadian employment to increase by 20k in a correction from two straight sharp declines, though the rise should be seen as corrective with the economy likely to lose some momentum in Q4 due to fresh US tariffs. We expect unemployment to remain at September’s 6.5% rate, up from 6.4% in Ju