What did the US jobs report show?

It showed 50,000 payroll gains in December and a 4.4% unemployment rate. The mix points to slower hiring, but not a deep downturn. Stocks firmed as investors saw reduced inflation pressure ahead of Tuesday’s CPI, while still believing growth can hold. We will confirm details as more data arrives.

How did the report change Fed rate cut odds?

Fed rate cut odds for January slipped to about 3%-5%, as markets want CPI confirmation before pricing early easing. A cooler CPI could revive near-term cuts, while a sticky print pushes expectations to later meetings. We expect yields and USD to react first, then equities follow.

What S&P 500 levels should Canadians watch this week?

We are watching 6,920 as near-term resistance, the 6,892–6,900 pivot, 6,866–6,870 at the middle band, and 6,752 near the lower band. The year high is 6,978.36. Around CPI, typical daily swings near 59 points can widen, so plan entries and stops with extra room.

How can I use forex factory for this setup?

Check the forex factory calendar for the exact CPI release time and consensus forecast. Set alerts 15–30 minutes before and after the event. Consider smaller position size, wider stops, and limit orders. After the print, reassess USD/CAD, yields, and S&P 500 levels before scaling positions.

Global Market Insights

^GSPC Today, January 10: Jobs Miss, Best Week Since Nov

ByHuzaifa Zahoor January 10, 2026January 10, 2026

Canadian investors scanning forex factory saw a softer US jobs report and a firmer S&P 500 today. Nonfarm payrolls rose 50,000 while unemployment fell to 4.4%, cutting Fed rate cut odds for January to roughly 3%-5%. The S&P 500 (^GSPC) trades near 6,900, pushing for its best week since November as attention turns to Tuesday’s US CPI. We break down what this means for CAD exposure, rate expectations, and positioning into the next key print.