USD/CAD crashes after excellent Canadian jobs report

Canada gained no less than 67.2K jobs in September. This leap is easily far far better than expectations. Only 23K jobs are full time but nevertheless, this is the biggest jump since 2012. The unemployment rate remains unchanged at 7% but the participation rate jumps from 65.5% to 65.7%, and that’s good news.

USD/CAD falls some 60 pips to 1.3210 initially ignoring the US jobs report.

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile

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