Canada gained 34.3K jobs in August. Economists’ expectations stood on 9.9K. The unemployment rate stands on 7.3%. 7.3% was predicted. USD/CAD bounced off the 0.98 line before the release after consolidating under the critical line of 0.9840 beforehand. The pair is now attacking this line. Will this attempt succeed? Canadian building permits dropped by 2.3%. A drop of 1.5% was expected. At the same time, a disappointing US Non-Farm Payrolls figure was released, so the reaction in USD/CAD is a reaction to both critical releases. Needless to say that strong Canadian jobs data helps the loonie. The weak US Non-Farm Payrolls isn’t good for the Canadian dollar, but the rising expectations are certainly CAD positive, even though this isn’t a done deal. Update: USD/CAD breaks lower, trading at 0.9791 at the time of writing. It now continues even lower. Yohay Elam 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 View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Bad NFP Not Enough for QE3 Matthew Lifson 9 years Canada gained 34.3K jobs in August. Economists' expectations stood on 9.9K. The unemployment rate stands on 7.3%. 7.3% was predicted. USD/CAD bounced off the 0.98 line before the release after consolidating under the critical line of 0.9840 beforehand. The pair is now attacking this line. Will this attempt succeed? Canadian building permits dropped by 2.3%. A drop of 1.5% was expected. At the same time, a disappointing US Non-Farm Payrolls figure was released, so the reaction in USD/CAD is a reaction to both critical releases. Needless to say that strong Canadian jobs data helps the loonie. The weak US Non-Farm… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
