Trading news

Canadian dollar is awaiting the jobs data

Canada will release the level of employment change and unemployment rate on October 11, at 15:30 MT time. The employment change represents the change in the number of employed people during the previous month. Last time, this indicator showed a great increase by 81.1 thousand jobs. The unemployment change, which is the percentage of the total unemployed workforce, stood at the same level of 5.7%. That scenario resulted in the rise of the Canadian currency. If this time the situation repeats itself, bulls of the CAD will be excited again.

 

• If the employment change is higher and the unemployment rate is lower than the forecasts, the CAD will go up;

• If the employment change is lower and the unemployment rate is higher than the forecasts, the CAD will go down.

FBS Review

Wednesday, 09 Oct, 2019 / 9:22

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://fbs.com/analytics/news/canadian-dollar-is-awaiting-the-jobs-data-6423

Trading news

 

Philly Fed Manufacturing Index Rises To 3-Year High

In what could be a sign of a turnaround in the US manufacturing sector, the [...]

Posted on Friday, 21 Feb, 2020 / 1:23 under

What is the gold/silver ratio?

By Giles Coghlan, Chief Currency Analyst at HYCM The gold/silver ratio [...]

Posted on Friday, 21 Feb, 2020 / 10:17 under

Dollar and gold shine but yen subdued as virus cases spike again

  Flight to safety boosts dollar and gold, yen nurses losses as new [...]

Posted on Friday, 21 Feb, 2020 / 10:05 under