As you can see in the chart, Recessions tend to start when unemployment rate bottoms. We're starting to see a bottom in the unemployment rate. Will we see a reccesion next? Let's wait and see FRED:UNRATE
The Canadian dollar is in positive territory in the Friday session. Currently, USD/CAD is trading at 1.2619, down 0.34% on the day. Earlier in the day, the pair moved into 1.25-territory. It has been a busy week for the Canadian dollar, which started the week with strong losses but has partially recovered. The upward swing could continue on Friday, as Canada's...
One must admit it is remarkable where the unemployment level was pre-covid. There would have been a considerable melt up within the market at peak employment like that. It is a trying state of affairs as the unemployment rate is viciously targeting various sectors relentlessly.
To me its just blaringly obvious that in the coming year(s) theres a recession going to happen, alot of people agree and very many disagree, this however, is bulletproof. Obviously there isnt a recession until its actually happening so act accordingly, dont trade based on inverse yield lol