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SHOCKING JOBS REPORT SINKS THE CANADIAN DOLLAR!

Traders Are ON FIRE Over Rate Cuts!

The countdown is on! Traders are buzzing with 90% confidence that the Federal Reserve will chop interest rates by 25 basis points in just over six weeks! Buckle up, because potential market shifts are coming, and they don’t want you to be left in the dust!

JOBS CRASH: Only 73,000 New Jobs Created – What’s Going ON?

What a disaster! In a jaw-dropping turn of events, the latest jobs data reveals that just 73,000 net new jobs were added in July! But wait—hold the phone! They slashed over QUARTER-MILLION jobs from the past two months’ figures! Talk about a brutal revision!

Is Stagflation Knocking at the Door?

Over the weekend, a chorus of Federal Reserve members hinted that they’re warming up to the idea of a rate cut in September! Traders are RALLYING around this news—could the US economy be deteriorating faster than we thought? Today’s survey dropped to a disheartening 50.1 vs. expectations of 51.5, confirming fears that the economic outlook is grim!

THE CREEPING DREAD: Services Sector Contracts!

Hold onto your hats—reports are in, and they aren’t pretty! The services sector is showing significant contraction at 46.4! With a surge to 69.9 in prices, stagflation is starting to loom large over the US economy. The stakes couldn’t be higher!

CANADA: What’s Coming Next?

Keep your eyes peeled on Canada! The looming jobs report this Friday could be a game-changer for the USD/CAD. Currently, there’s a tantalizing 1-in-4 chance that the Bank of Canada will follow suit with a rate cut in the near future! If their jobs report disappoints, expect the Loonie to nosedive!

USD/CAD Technical Analysis: The Moment of Truth!

The USD/CAD pair is nearing a DO OR DIE moment at the 1.3775 resistance level! It broke out to multi-month highs, testing previous resistance turned support. If it holds, we could soar above the crucial 1.3850 mark toward 1.40! But beware—if the Loonie roars back, a drop below 1.3775 could send us spiraling down to 1.3700!

Stay tuned, folks! The currency market is about to get WILD!