Post Tagged with: "USD/CAD"
Canadian Unemployment Rate Rises – USD/CAD Jumps Above Parity
Canada gained only 2300 jobs (employment change) , much less than expected. Early expectations stood on a gain of 23.3K after last month’s 17.5K gain. The unemployment rate rose from 7.5% to 7.6%. It was expected to remain at 7.5%. It’s also important to note that full time jobs actually decreased by 3.6. So the
USD/CAD: Trading the Canadian Employment Change
The Canadian employment change is an important leading indicator which has a significant impact on the markets. Traders and analysts carefully scrutinize employment figures, and a reading higher than forecast could is bullish for the loonie. Here are the details and 5 possible outcomes for USD/CAD. Published on Friday at 12:00 GMT. Indicator Background Job creation is one of
Forex 2011 – The Year of the Tortoise and the Hare
Trading volume is thinning down towards the holiday season that marks the end of the year and it’s a good time to look back at movements of currencies in the past year. The fable of the tortoise and the hare seems appropriate to describe this year. The most volatile currency pairs had quite a limited
Canadian Rate Unchanged – USD/CAD Ticks Down on Positive Economic Assessment
As expected, the Bank of Canada left the interest rate unchanged at 1%. Mark Carney and his colleagues didn’t move this time, but the assessment about Canada’s current situation was good. In the statement accompanied to the decision, the BOC mentioned the growing worries for the global economy, but also discussed an improvement in the
USD/CAD: Trading the Canadian Ivey PMI Index
The Canadian Ivey PMI (Purchasing Managers’ Index) is an important leading indicator which focuses on the services sector. As the PMI comes out at the beginning of each month, analysts and traders look closely at the index readings for any hint of a market trend. A reading which is higher than the market forecast is
Canadian Dollar Retreats on More Job Losses
Canada lost 18.6K jobs in November. A gain of 18.1K jobs was expected, so this is a big disappointment. The unemployment rate was predicted to remain unchanged at 7.3% and it also fell short of expectations by rising to 7.4%. The Canadian dollar strengthened towards the release. USD/CAD pierced through 1.01 and reached 1.0075. The
USD/CAD: Trading the Canadian Employment Change
The Canadian employment change is an important leading indicator which is often a market-mover. Traders should thus pay close attention to this indicator as well as the unemployment rate indicator, which are released simultaneously. A reading which is higher than the market forecast is bullish for the loonie. Here are the details and 5 possible
USD/CAD: Trading the Canadian Core CPI
The Consumer Price Index (CPI), also known as inflation, measures the change in the price of goods and services charged to consumers. Canadian Core CPI excludes eight volatile components, notably food and energy prices. A reading that exceeds the market forecast is bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes
USD/CAD Leaps on Very Disappinting Canadian Job Data
Canada lost 54,000 jobs in October. This is bitter disappointment and it erases most of last month’s gains. Also the unemployment rate disappointed with a jump to 7.3%, also erasing the previous advance. Early expectations stood on a gain of 16.3K jobs and a rise of the unemployment rate to 7.2%. USD/CAD is now jumping
USD/CAD: Trading the Canadian Employment Change
The Canadian Employment Change is an important leading indicator which tends to be a market-mover. Analysts and traders closely examine this indicator together with the Unemployment Rate reading, which are released at the same time and provided critical employment data. A reading that is higher than the market forecast is bullish for the Canadian dollar. Here are the