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The BoC have followed the RBA and surprised with a 25bps hike. The Bank did remove language hinting at further hikes if needed. Is it the end of the hiking cycle from the BoC?
NFP rises once more with April's number seeing an upward revision. The unemployment rate did tick higher further complicating the job of the Federal Reserve ahead of its June meeting.
The UK employment data came in mixed this morning as unemployment ticked higher but average earnings remained steady. GBPUSD continued its slide with a deeper retracement starting to look more likely.
US Jobs numbers surge higher as average hourly earnings adds to inflationary concerns. Unemployment matches January print, a 50-year low.
Spot Gold has enjoyed a strong rally since tapping the $1950 mark this morning, but price action remains mixed. Will the $2000 handle remain a step too far for the precious metal?